Nairobi-based tycoon Kamal Budhabatti’s Little to launch service in Ghana next week
Budhabatti co-founded Little with telecom giant Safaricom in 2016.
Late Kenyan businessman Chris Kirubi’s stake in Centum now worth $13.5 million
Following the demise of Chris Kirubi, his son Robert Kirubi and daughter Mary-Ann Musangi received 80 percent of his fortune.
Egyptian restaurateur Tamer Amer’s OneOrder secures $3 million in seed round
The capital injection will be used to strengthen its operations in Egypt and the MENA region.
Ugandan tycoon Ham Serunjogi’s Chipper Cash lays off nearly 12.5 percent of staff
Chipper Cash is a cross-border payment platform.
James Mwangi-led Equity Group to pay KRA $91.6 million as corporate taxes in 9M 2022
Equity Group is the largest financial services conglomerate in East Africa.
Meet Tope Awotona, the only African tech founder who became billionaire this year
Awotona’s majority stake in Calendly is worth at least $1.4 billion.
Afreximbank set to buy shares in Geregu Power, Femi Otedola’s power-generating firm
Geregu is one of Nigeria’s largest power-generating enterprises.
Israeli billionaire Dan Gertler to receive $250 million from Congolese govt
Gertler is the founder and president of DGI Group.
Mike Teke’s firm Seriti leads charge in South Africa’s green energy transition
Teke, CEO of Seriti Resources, said the deal will facilitate the decarbonization of South Africa’s energy grid.
Kenyan tycoon banker James Mwangi’s Equity rolls out risk-based lending
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs 4DI Capital’s $25-million seed fund
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group.
Femi Otedola’s Geregu Power returns $170.1 million in gains 56 days after listing on NGX
Otedola owns 80 percent of Geregu Power.
Moroccan tycoon Hassane Amor has now lost $23.6 million since start of 2022
Amor owns a 56.17-percent stake in Microdata.
Ghanaian tycoon Joseph Agyepong’s Jospong Group signs MoU to boost rice production
JGC is one of Ghana’s most diversified holding companies.
Nigeria’s second-richest man Abdul Samad Rabiu sees net worth surpass $7 billion
Rabiu’s net worth increased from $5.6 billion to $7 billion in less than a month.
Egyptian entrepreneur Mohamed Azab’s Grinta secures $8 million in seed funding round
Azab said the startup is excited to have the right investor base that shares its values and vision.