West & Central Africa — Moroccan pharma tycoon — Lamia Tazi — Sothema — Casablanca bourse — Billionaires Africa
Moroccan pharma executive Lamia Tazi gains $8.14 million from Sothema stake
Tazi holds an 8.19 percent stake in Sothema, equivalent to 589,658 shares.
Related
Nigerian tycoon Kessington Adebutu’s Wema Bank plans $98.9 million rights issue
The offering includes 14.29 billion shares priced at N10.45 ($0.007) each, reinforcing the bank’s efforts to strengthen its financial position.
Nigerian glass and aluminum company sees fourfold profit surge under Bella Disu
Her leadership has not only steered the company back to profitability but has also reinforced the business acumen that runs deep in the Adenuga family.
Seplat, co-founded by Nigerian tycoon Austin Avuru, to pour $320 million into onshore expansion in 2025
The company’s capital expenditure guidance for 2025 includes between $180 million and $220 million allocated to its Seplat Onshore division.
Nigeria’s Vice President, Dangote, and others join Nigerian billionaire Femi Otedola for First Bank’s 43-story HQ
Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedola’s leadership, calling the project a testament to commitment innovation, and sustainable development.
Latest
Simbisa, led by Zimbabwean businessman Addington Chinake, reports $157.5 million revenue
Simbisa Brands’ H1 2025 revenue rose 7% to $157.5 million, but profits fell 10.7% as rising costs in Zimbabwe and Kenya squeezed margins
Kenafric, led by Kenya’s Shah family, expands in East Africa with stationery firm acquisition
The deal, backed by Kenya’s billionaire Shah family, strengthens Kenafric’s presence in the fast-moving consumer goods sector.
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.
Malawian insurance mogul Vizenge Kumwenda gains $10.8 million from NICO stake
Beyond his investment in NICO Holdings, Kumwenda also owns a 0.17-percent stake in NBS Bank, valued at MWK1.73 billion ($1 million).
