The news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
African billionaire
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The financial services sector is revving up for recovery to pre-pandemic levels.
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Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
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Compared with last year, the group’s consolidated revenue rose by 20 percent.
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This translates to an average loss of $4.88 million per day for the billionaire since July 2.
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The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
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Profits for H1 2021 performed better than in the six months ending June 2019.
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The growth translates to profits of $248.4 million in H1 2021.