Controlled by Kenya’s richest families, NCBA posts $162.7-million profit in 2023
NCBA’s board of directors recently recommended a final dividend of Ksh3 per share, bringing the full-year payout to Ksh4.75 (0.04) per share.
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Africa’s richest man Aliko Dangote donates $11 million to fight hunger in Nigeria
His latest $11.02-million food intervention program underscores his unwavering commitment to improving lives and tackling social challenges in Nigeria.
Kenya’s wealthy Merali family gains $1.87 million from Sasini Tea stake in 15 days
The multimillionaire Merali family holds a controlling stake of 65.46 percent in Sasini Tea, representing 168,856,800 ordinary shares in the group, presently valued at $25.78 million.
Sean ‘Diddy’ Combs sells remaining Revolt TV shares amid federal investigation
After stepping down as Revolt TV’s chairman in November 2023 in the wake of multiple sexual abuse claims, Combs has now divested his stake in the media company.
Kenyan top executive James Ndegwa gains over $3.4 million from NCBA stake
This highlights Ndegwa’s standing among Kenya’s top investors, solidifying his position among the nation’s leading businessmen.
Africa’s first Black billionaire Patrice Motsepe may join $2.9-billion bid for DStv owner
If successful, this collaboration could propel Motsepe into the ownership ranks of MultiChoice Group, further diversifying his holdings in South Africa’s leading companies.
Swazi billionaire Natie Kirsh gains $140 million in two weeks
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
Moroccan billionaire Othman Benjelloun’s Bank of Africa records $1.67-billion revenue in 2023
The board of Bank of Africa led by Othman Benjelloun recommends $0.3952/share dividend.
Egyptian tycoon Hassan Allam’s group buys prime land in Mostakbal City for $740 million
This transaction not only bolsters the group’s position in East Cairo but also solidifies its foothold in one of Egypt’s rapidly evolving real estate markets.
Palantir led by African-American billionaire Alex Karp lands $178-million U.S. Army contract
The recent contract with the U.S. Army builds upon Palantir’s established relationship with the Department of Defense (DoD).
America’s second-richest Black billionaire loses $200 million in 12 days
The fluctuations in his net worth mirror broader trends in the share prices of technology companies.
Led by UK-based entrepreneur, Telecel acquires stake in MTN Guinea, Guinea-Bissau units
Telecel’s acquisition of stakes in MTN Guinea-Bissau and MTN Guinea-Conakry is expected to drive growth and further development in these regions.
Egyptian tycoon Hani Berzi loses $207 million amid devaluation and share dip
Despite the recent decline in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Exchange.
MTN led by Zimbabwean exec Ralph Mupita to invest $1.8 billion in data, fintech services in 2024
Under Mupita’s leadership, MTN Group has achieved significant milestones, serving over 289 million customers across 22 countries.
Kenyan tycoon Suresh Bhagwanji Shah gains nearly $7 million from I&M stake
Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
Moroccan real estate mogul Alami Lazraq nets nearly $18 million from ADI stake
This recent increase not only bolsters Lazraq’s net worth but also reaffirms his status as a leading investor on the Casablanca bourse.