Skip to content
Standard Bank’s push into Egypt, a nation of more than 100 million people, follows its strong 2023 financial performance, with headline earnings surging to $2.3 billion.
This recent uptick follows a period of steady gains for Jawno, during which his holdings in Transaction Capital rose by $7.7 million between Feb. 12 and March 18.
Mupita emphasized the critical nature of the situation, describing the power outages as a “crisis” further compounded by vandalism of mobile phone towers and base stations.
Elumelu, chairman of Heirs Holdings and United Bank for Africa (UBA), hinted at his intentions during a recent exchange on X, formerly Twitter.
Sawiris, Egypt’s second-richest person, added $130 million to his fortune over the past 17 days.
This surge solidifies the Ackerman family’s position as one of the wealthiest investors on the JSE.
The rise in the market value of Coumantaros’ stake in Flour Mills cements his position as a top investor on the Nigerian Exchange.
The remarkable feat follows the company’s strong financial performance in 2023, where revenue surpassed the $90 million mark
The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
The family’s wealth had taken a hit between March 14 and 28, with the market value of their stake tumbling EGP5.36 billion ($324.08 million).
GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
With more than $32 million distributed to more than 485,000 medical aid members, the initiative underscores Discovery’s commitment to enhancing healthcare accessibility.
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
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 below the $170-million mark.
This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).