South African tycoon Terrence Moolman loses $3.6 million in Caxton stake in just 6 days
This setback comes after a previous gain of $5.6 million recorded between April 3 and May 20.
This setback comes after a previous gain of $5.6 million recorded between April 3 and May 20.
The maiden consignment, comprising 45,000 metric tons of jet fuel, embarked on its journey to Rotterdam, Netherlands, aboard the vessel “Doric Breeze” from the Lekki Free Zone in Lagos on May 27.
Motsepe’s fortune peaked above $3 billion in May, but a $200 million decline linked to his stake in African Rainbow Minerals (ARM) has pushed his net worth to $2.8 billion.
Oriental weavers led and majority owned by the Egyptian Khamis family recently published its Q1, 2024 results.
The MoU, signed in Berlin on May 29, 2024, focuses on developing solutions for sustainable, resilient, and efficient power generation at Geregu’s existing plant.
This gain follows a period of decline, with Alami Lazraq’s shares in ADI dropping by $17.39 million between May 15 and 23
Eaton’s deepened partnership with Palantir under Craig Arnold is a step forward in the adoption of AI within industrial operations.
The recent sale aligns with a broader trend in the South African retail industry, where founding families reduce their control over companies.
Indian billionaire Gautam Adani has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.
The South African billionaire Saltzman family holds a 35.1 percent stake in the company, valued at R9.97 billion ($529.23 million).
Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
Executive Chairman Yasseen Mansour attributed the impressive results to strong sales across various regions.
The NNPCL announced on May 30, 2024, the formalization of an agreement that transfers ExxonMobil’s interests in Mobil Producing Nigeria Unlimited (MPNU) to Seplat.
MTN Uganda’s success in 2023, brought about the increase in dividend dividend of Shs 403 billion ($103.95 million).
Otedola, who ranks among Africa’s billionaires, accuses Zenith Bank of perpetrating banking fraud.
Launched in Africa in 2022, Starlink has rapidly expanded its footprint, with Elon Musk emphasizing the company’s commitment to operating wherever legally permitted.