Daughters of late Egyptian billionaire transfer $55.8 million in shares to family investment vehicle
The Khamis family owns a controlling interest of 56.58 percent in Oriental Weavers.
TFG, led by South African tycoon Michael Lewis, acquires Street Fever to bolster footwear offerings
Lewis played a pivotal role in the growth and success of TFG.
This 27-year-old Kenyan entrepreneur recently raised $3.7 million in funding for her startup
Jihan Abass is shaking up the East African insurance market.
NDLEA receives $1.1-million grant from Abdul Samad Rabiu to combat drug abuse in Nigeria
Rabiu said the grant was made in recognition of the many successes of the NDLEA.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M lends $16.2 million in green loans to MSMEs
I&M Bank Group was founded by Kenyan tycoon Suresh Bhagwanji Shah in 1974.
Bank linked to Tanzanian billionaire brothers partners with IFC for financial inclusion in East Africa
CRDB Bank is owned in part by Aunali and Sajjad Rajabali.
Meet 40-year-old Ghanaian investor who launched $115-million fund to invest in African fashion
Annan hopes to play a formative role in expanding the social capital of African countries.
Tanzanian billionaire Mohammed Dewji, Kenyan president meet to advance economic partnership
Dewji is the CEO of MeTL, a diversified group.
Nigerian entrepreneur Adesuwa Okunbo Rhodes’ firm secures $20 million from Visa, MasterCard
Rhodes founded Aruwa Capital with the goal of closing the investment gap affecting women-owned businesses in Africa.
Kenyan tycoon Julius Mwale discusses investing with 19 African presidents
He is also in talks with Senegal to build Africa’s longest bridge.
Telecom billionaire Mike Adenuga loses $9 million in 200 days from stake in Conoil
Adenuga holds a majority stake in the oil marketing business.
Centum, controlled by family of late tycoon Chris Kirubi, prepares to repay dollar-denominated loans
Kirubi passed away last year.
South African billionaire Stephen Saad’s Aspen secures $30 million grant to make vaccines
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Kenyan businessman James Mwangi’s Equity, NCBA fight over $1.3-million property in Nairobi
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Meet Islam Shawky, Egyptian fintech founder who secured $50 million for his startup in May
Paymob has facilitated more than 120 million transactions worth more than $324.6 million under Shawky’s leadership.
Nairobi-based tycoon Kamal Budhabatti’s Little to launch service in Ghana next week
Budhabatti co-founded Little with telecom giant Safaricom in 2016.