The gains come off of a surge in the market value of his stake in Cassava Smartech.
Stoops holds a direct 0.77-percent stake in the U.S.-based wireless asset operator.
More than 1 billion shares in BUA Foods were exchanged by investors by midday on the Nigerian bourse.
Sarrai Group recently won a multibillion-shilling tender to control Mumias Sugar, but the win has been challenged in court.
Egypt’s richest man Nassef Sawiris saw his net worth shed $130 million in 2021.
The year 2021 delivered impressive wealth gains for African billionaires and multimillionaires.
Sanlam backed down from its ambitious pan-African expansion drive after failing to meet key conditions.
Founded in September 2005, DP World is a state-owned port operator based in Dubai.
BUA Cement is Nigeria’s second-largest cement producer and the largest cement producer.
Al Baraka Bank Egypt SAE provides retail, corporate, and investment banking solutions in accordance with Islamic Sharia principles.
