Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
African billionaire
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
Botswana retail tycoon Farouk Ismail’s stake in Choppies declines by $1 million
Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.
Malagasy mogul Hassanein Hiridjee’s Axion embarks on solar plant mega-expansion project
The move will see Axion boost the plant’s capacity to 40 MWp.
Aliko Dangote Foundation disburses $10.2-million grant to empower women in Nigeria
The disbursement is part of the foundation’s one-off unconditional micro-grant program.
South African billionaire Koos Bekker’s net worth declines by $100 million as investors react to Prosus share purchase plans
Bekker is the chairman of Naspers.
French businessman Stephane Richard’s Orange moves to clinch Burkinabe market share with fiber optic launch
The French multinational has recently opened its doors in Ouagadougou.
Moroccan outsourcing mogul Karim Bernoussi forecasts $600 million in revenue for 2021
The company is one of France’s top-5 customer service outsourcers.
Cameroonian banker Jean Paulin Fokam receives state award from president of Guinea
Fokam received the Commander of the National Order of Merit award from Guinean President Alpha Conde.
Stake of Mauritian Lagasse family in IBL Limited now worth $130.24 million
The family is known for its role in modernizing industry and commerce in Mauritius.
Nigerian banker Herbert Wigwe’s stake in Access Bank gains $4.05 million in 43 days
An uptick in the bank’s share price steered the increase in his stake’s market value.
Detained Tunisian media mogul Nabil Karoui released as case continues
Earlier, Karoui launched a hunger strike to protest his detention.
Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.