Namibian tycoon Sven Thieme’s O&L invests in Germany’s largest floating Solar Park
The endeavor aligns with O&L’s commitment to fostering sustainable solutions and contributing positively to societal and ecological welfare.
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Equity Group led by Kenyan banker James Mwangi to reward shareholders with $114.4-million dividend
With Mwangi at the helm, the conglomerate remains on course for sustainable expansion and prosperity within the African financial sector.
Aga Khan IV’s investment surges by $3.6 million as Jubilee Holdings’ shares rise
The recent uptrend in Jubilee shares has boosted the market value of Aga Khan’s stake in the insurer by Ksh481.15 million ($3.63 million) over the past 10 days.
South African billionaire Christo Wiese’s stake in Shoprite falls below $900 million
After a brief rise in February-March, his stake in Shoprite has declined by more than $60 million, dipping below $900 million.
Bank tied to Ghana’s leading investor Daniel Ofori unveils $45-million rights issue to boost capital
Ghanaian tycoon Daniel Ofori owns 3.9 percent of CalBank. The bank plans to bolster its finances with a rights offering.
South Africa’s richest man loses $1.1 billion in just 15 days
The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to the market value of his 9.14-percent stake in Richemont.
Orascom Construction, led by Egypt’s richest family, reports $8.1-billion backlog
Throughout 2023, Orascom Construction expanded its footprint by securing quality, internationally funded projects in Egypt and diversifying its presence in the UAE.
Nigerian billionaire Femi Otedola sees net worth jump to $1.7 billion
This surge is attributed to the strong performance of his diverse investment portfolio and a recent strengthening of the Nigerian naira against the U.S. dollar.
Firm led by Kenyan tycoon Edward Kirathe announces $3.6-million dividend payout
The company’s decision to reward its unit holders comes after declaring its first distribution from its development Reits, marking a significant increase from the initial projection.
Egypt’s El-Sewedy family loses billionaire status as Elsewedy Electric shares tumble
Their 68.1-percent stake in Elsewedy Electric, once valued at $1.29 billion on March 14, has declined to $970.05 million at the time of drafting this report.
Walgreens records $5.9-billion loss after departure of Black exec Roz Brewer
The unexpected loss primarily resulted from a $5.8-billion after-tax non-cash impairment charge related to VillageMD goodwill, an investment initiated during Brewer’s tenure.
Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria
The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit Card in West Africa.
South African-born tycoon Barry Stuhler gains $3.6 million from Lighthouse stake
Stuhler’s stake in Lighthouse Properties has jumped by $3.64 million, rising from $70.11 million on March 5 to $73.75 million.
Egyptian tycoon Alaa Arafa’s GTEX lists on EGX, market cap nears $20 million
This move signifies a pivotal moment for GTEX, opening doors for public ownership and underscoring its commitment to global expansion.
One of America’s richest Black CEOs, Craig Arnold gains $8.5 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in the power management company, or 517,061 shares.
South African billionaire Ivan Glasenberg’s fortune grows $120 million in a week
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.