The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian …
African Billionaires
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- Hot News
Nigerian billionaire Femi Otedola’s power company rakes in $40-million revenue in Q1 2024
The remarkable feat follows the company’s strong financial performance in 2023, where revenue surpassed the $90 million mark
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The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
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The family’s wealth had taken a hit between March 14 and 28, with the market value of their stake tumbling EGP5.36 billion …
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GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
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Discovery Health, linked to South African tycoon Adrian Gore, distributes over $32 million via wellness fund
With more than $32 million distributed to more than 485,000 medical aid members, the initiative underscores Discovery’s commitment to enhancing healthcare accessibility.
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Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
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The Ghabbour family’s stake has lost EGP1.02 billion ($21.54 million) in the last 19 days, pushing the market value of their holdings …
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This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.
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Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).