H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
African billionaire
Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
John Coumanataros to earn $10.43 million in dividends as Flour Mills of Nigeria announces dividend payout
The food and agro-allied group revealed that it will pay a final dividend of $0.0040 per share.
Nombasa Tsengwa-led Exxaro Resources anticipates 111-percent rise in interim HEPS
The rise in the company’s earnings is attributed to increased equity-accounted income from Sishen Iron Ore.
Kenyan banker James Mwangi earns $13.1 million as Equity Group shares return to pre-pandemic levels
Equity Group Holdings Limited is a leading financial services holding headquartered in Nairobi.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
38-year-old director Guillaume Dalais loses $1.9 million as CIEL shares plunge from record high
The near-$2-million loss came from a 27-day, double-digit decline in the group’s share price.
South African Mouton family loses $18.85 million in 54 days as PSG Group shares retreat from high
Shares in the holding had risen to an all-time high on June 17.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.