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Econet Wireless Zimbabwe’s strategic restructuring with EcoCash signifies a pivotal step in consolidating its position within the financial technology sector.
This substantial gain solidifies Jawno’s position as one of the wealthiest investors on the JSE.
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
Established in 2011, the Elsewedy Technical Academy has been dedicated to providing high-quality technical education in line with global standards.
The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).
This is attributed to lower global nitrogen pricing and a reduction in natural gas prices in Europe and the United States following the exceptional highs of 2022.
The Dangote Petrochemical Complex, located on a peninsula on the outskirts of Lagos, represents a significant leap in industrial advancement.
With Otedola’s return to the billionaire ranks, Africa now boasts 20 billionaires, up from 19 in 2023 and 18 in 2022.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth has declined by $100 million in just six days, the latest setback in a string of wealth declines.
Amid the recent market volatility, the market value of Calisto’s stake has dropped significantly by $34.52 million, falling from $609.57 million on March 21 to $575.05 million.
The recent gain not only reinforces Mwangi’s standing as one of the top investors on the NSE but also strengthens his position as Kenya’s wealthiest banker.
The group kicked off its Kenyan expansion in mid-January with the inauguration of eight new branches.
The $2.87-million surge in the market value of his holding solidifies Ben Ayed’s status as one of the wealthiest investors on the Tunis Stock Exchange.
Adenuga remains among the world’s 400 richest people and one of the top five wealthiest individuals in Africa.
The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
Despite these substantial losses, Swartzberg continues to hold his ground as one of South Africa’s prominent businessmen.