Wale Tinubu’s Oando’s NAOC purchase backed by $650-million financing
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During the year, the list of African billionaires expanded from 25 to 27.
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The CEO of Telcar Cocoa Ltd. is empowering farmers, promoting sustainability, and setting new standards in agribusiness.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
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South African tycoon Giovanni Ravazzotti loses $46.8 million in Italtile stake in early 2025
This decline comes on the heel of a nearly 30 percent gain experienced in 2024 which added $24.82 million to his stake.
Egyptian tycoon Hani Berzi sees $4.4 million loss in Edita Food shares
The company’s stock suffered a downturn on the Egyptian Exchange (EGX), reflecting the ongoing challenges in Egypt’s snack food market.
Sasini, backed by Kenya’s Merali family, reports $4.3 million loss for 2024
Sasini has reported a full-year loss of $4.3 million for 2024, despite seeing a 20.55% increase in revenue and a 54.52% growth in assets.
Egyptian entrepreneur Omar Khairy confirms RIGA’s acquisition of new projects, investments in East Africa
This underscores the group's strategic shift to capitalize on the region's untapped opportunities and resources.