Skip to content
Benjelloun remains not only Morocco’s second-wealthiest individual after Prime Minister Aziz Akhannouch but also one of the most prosperous investors on the local bourse.
The group finds renewed support with the return of Aig-Imoukhuede, a business and philanthropic leader, following the passing of banking titan Herbert Wigwe.
Located near the New Administrative Capital on a 228,212-square-meter plot, Sheya is slated for completion within four years.
The $240-million decline is primarily attributed to the recent decrease in the market value of his 9.81-percent stake in Glencore.
Dangote Sugar’s $49.6-million first-quarter 2024 loss stemmed primarily from a $74-million foreign exchange loss from the group’s business operations.
The family’s recent financial gains come after experiencing losses between March 22 and April 18, during which the family’s joint stake in Dis-Chem fell by $44.1 million.
In addition to the Ikoyi hotel development, Transcorp Hotels is nearing completion of a state-of-the-art event center with a 5,000-person capacity, slated for inauguration in August.
As the majority owner of NASCON, Dangote’s stake in the salt and seasoning processing company is worth over $74 million.
Revenue growth was fueled by a significant increase in sugar sales. the strong performance expands its lead as Nigeria’s top food conglomerate.
This upswing reaffirms Swartzberg’s position as a prominent figure among South Africa’s wealthiest businesspeople and leading investors on the JSE.
RMB, the corporate and investment banking arm of FirstRand advised on a groundbreaking $160-million deal.
The single-digit percent uptick in Discovery shares has boosted the market value of Gore’s stake by R697.27 million ($37.42 million) in the past 10 days.
The Ghabbour family, Egyptian billionaires, have experienced a notable decrease in their wealth as the market value of their holding in GB…
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
Despite this financial setback of EGP136.55 billion ($136.53 million), the El-Sewedy family remains one of Egypt’s leading billionaire families.
The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.