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Moniepoint hires ex-Stanbic IBTC CFO Bayo Olujobi to lead expansion as it accelerates growth across Africa following a $110-million funding boost.
Earlier, between Sept. 6 and 19, his stake increased by R1.68 billion ($95.3 million), lifting the value from R37.94 billion ($2.16 billion) to R39.62 billion ($2.26 billion).
East Africa's telecom giant, Safaricom, sees revenue growth but faces profitability hurdles.
TMG Holding's SouthMED and Benan projects fuel $9.4 billion in sales, showcasing the strong demand for luxury coastal living in Egypt and Saudi Arabia.
This decline contrasts with a previous gain of $30.1 million between Sept. 6 and Oct. 18.
The retailer, partly owned by the South African billionaire Ackerman family, is positioning itself for a recovery following previous financial setbacks.
FMN's revenue surged 75.98 percent, climbing from N964.6 billion ($576.26 million) in the same period last year to N1.7 trillion ($1.01 billion).
Karp’s fortune grew by $430 million within 24 hours, marking a significant uptick from $5.47 billion to $5.9 billion, according to Forbes.
The fund targets key African tech hubs, including South Africa, Nigeria, Kenya, Ivory Coast, and Egypt.
Van Rooyen, the company’s largest shareholder with 377.2 million shares, has lost R67.9 million ($3.9 million) in market value this year.
Palm Hills raises stake in Macor Hotels to 69.5%, strengthening its presence in Egypt’s hospitality sector amid tourism growth.
South African billionaire Christo Wiese’s stake in Shoprite has increased by $115.84 million, strengthening his position among Africa’s wealthiest.
Over the past 12 weeks, Mouton’s stake has increased by R3.02 billion ($173.13 million), rising above the $1-billion mark.
British oil giant BP, Swiss-based Vitol, and Singapore’s Trafigura lead sales from the Dangote Oil Refinery as Africa’s largest oil plant reshapes market.
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
Funke Opeke steps down after 14 years as MainOne's CEO following a milestone $320 million acquisition by Equinix.