Zimbabwean mogul Zed Koudounaris gains $7 million from stake in Axia Corp
Koudounaris owns 20.6 percent of Harare-based Axia Corp., which translates to a total of 113,982,912 ordinary shares.
Koudounaris owns 20.6 percent of Harare-based Axia Corp., which translates to a total of 113,982,912 ordinary shares.
The significant increase has further cemented Zhanda’s position as a leading Zimbabwean businessman.
Moxon owns a 10.8-percent stake in Meikles, or 27,933,226 shares.
Despite this multimillion-dollar slump, Moxon remains one of the richest investors on the Zimbabwe Stock Exchange.
This significant increase has solidified Zhanda’s position as Zimbabwe’s latest multimillionaire businessman.
The news comes a week after ADC announced the construction of a 30-megawatt data center facility in Accra, Ghana.
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Masimba Holdings is a well-established Zimbabwean group.
A $10,000 investment in EcoCash seven weeks ago is now worth $20,130.
Meikles is a Zimbabwean conglomerate with interests in hotel, retail, supermarkets, agricultural and financial services.
Koudounaris, a multimillionaire serial investor and one of Zimbabwe’s richest men, owns a 20.9-percent stake in Axia Corp.
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year
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