South African businessman Andre Du Plessis retires as CFO of Capitec Bank
Du Plessis co-founded Capitec Bank with South African billionaire Michiel Le Roux and leading businessmen Jannie Mouton and Riaan Stassen in 2001.
South African businessman Jonathan Jawno gains $15.8 million as shares in Transaction Capital surge
Transaction Capital is a South Africa-based financial services group that specializes in asset-backed lending.
Swazi billionaire Natie Kirsh loses $260 million in one week
Kirsh saw his net worth surge to a record $8.35 billion on Jan. 4, $1.89-billion higher than one year ago.
Nigerian businessman Tony Elumelu’s Heirs Holdings set to begin work on oilfield
Heirs Holdings is a family-owned investment holding company founded by Nigerian businessman Tony Elumelu in 2010.
Naspers CEO Bob van Dijk acquires shares in Prosus worth more than $10 million
van Dijk’s purchase comes nearly two weeks after Prosus announced the successful buy-back of its shares worth $118.5 million.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
Egyptian businessman Wael Olama’s e-commerce fashion startup Gahez raises $2 million in pre-seed funding
The $2-million round funding was led by Disruptech Ventures, a $25-million VC fund.
Egyptian construction mogul Hassam Allam bags contract to build country’s first vertical-lift bridge
Found in 1936, Hassam Allam Holding is one of the largest privately owned corporations in Egypt, the Middle East and North Africa.
Egypt’s richest man Nassef Sawiris loses $130 million in 2021
Egypt’s richest man Nassef Sawiris saw his net worth shed $130 million in 2021.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement signs deal with Wartsila to construct power plant
BUA Cement is Nigeria’s second-largest cement producer and the largest cement producer.
Zimbabwean fast food mogul Zinona Koudounaris gains $1.75 million on first trading day in 2022
Axia Corp is a Zimbabwe-based specialty retail and distribution business.
Egyptian tycoon Ahmed El Sewedy-linked Egytech Cables signs $28.1-million contract with Kuwaiti company
Egytech Cables is a 99.98-percent-owned subsidiary of the Elsewedy family-controlled Elsewedy Electric.
They will be missed: The African tycoons and billionaires who passed away in 2021
An Eritrean cereals tycoon and an Egyptian billionaire patriarch are among the African mega-rich who passed away in 2021.
Ethiopian billionaire Mohammed Al-Amoudi loses $855 million in 2021
Al-Amoudi, who is the wealthiest man in Ethiopia, has a net worth of $6.71 billion.
Ghanaian logistics mogul Daniel McKorley floats airline business; set to launch private jet terminal in 2022
McKorley is the founder and CEO of McDan Group of Companies.
Saltzman family of South Africa gains $151.1 million in three months from stake in Dis-Chem
Ivan Saltzman and his wife Lynette own a joint 45.2-percent stake in Dis-Chem, a major pharmaceutical retailer in Africa.