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The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 million).
Kenyan entrepreneur, Mbaabu, CEO of MarketForce, cited challenging profit margins and a funding drought as primary reasons behind the decision.
The recent decision to sell Transcorp Hotels Calabar exemplifies a wider consolidation trend within the Nigerian hospitality sector.
The recent decision to ramp up operations, follows Dangote Refinery’s move to slash diesel prices in Nigeria, marking a substantial decrease from previous rates.
This contrasts sharply with the $6.9-million profit he made between Feb. 14 and March 26 when the value of his I&M Bank Group stake soared from $23.47 million to $30.43 million.
The loan, marking an increase from the previous year’s advances, underscores Co-op Bank’s steadfast support for Kingdom Securities.
This recent setback comes on the heels of a previous surge in Ellison’s wealth between Feb. 20 and April 1, when his stake in Lowe’s increased by $6.63 million.
Otedola’s focus on operational efficiency across his portfolio has fueled earnings growth and valuations.
The new agreement with BET marks Perry’s latest expansion of his creative empire. This follows his October 2023 multimillion-dollar first-look deal with Netflix.
Moolman’s stake in Caxton & CTP Publishers has seen a decline of $7.66 million over the last 72 days, signaling waning investor interest in Caxton on the JSE.
This recent setback follows a surge in his fortune between March 8 and March 20, when his stake in Wema Bank increased by $2.3 million.
Calder’s wealth has decreased by $320 million since April 2. This equates to an average daily loss of $20 million over the specified period.
With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the Federal Palace Hotel in Lagos.
Pula’s successful fundraising round underscores the growing recognition of the vital role played by insurtech in bolstering climate resilience for smallholder farmers.
Despite the decline, the Saltzmans remain prominent investors on the Johannesburg Stock Exchange (JSE).
The transaction, subject to regulatory approval and customary closing conditions, is expected to be finalized in Q3 2024.