Britam Holdings, controlled by Kenyan tycoons, set to earn $123.3 million from sale of Equity Group shares
The deal comes at a premium of nearly 11 percent over Equity Group’s share price.
Nigerian billionaire Benedict Peters to build 500,000-bpd refineries in Niger Delta
Aiteo Eastern E & P Company Limited is one of Nigeria’s largest indigenous oil exploration companies.
Shoprite CEO Pieter Engelbrecht receives salary package of $1.9 million in 2021
Shoprite Holdings Limited is South Africa’s largest food retailer and the biggest retailer in Africa.
Egyptian tycoon Safwan Thabet gains $26.7 million as Juhayna Food Industries shares surge
The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
Seplat Energy terminates contract of Nigerian oil mogul Austin Avuru as director
Avuru was asked to resign as a non-executive director due to alleged breaches of the company’s corporate governance policies.
South African executive Josua Malherbe gains $2.4 million in 2021 thanks to stake in Remgro
Malherbe is a non-executive, co-deputy chairman of Remgro.
Zimbabwe’s richest man Strive Masiyiwa loses $70 million in two weeks as shares in Econet slump
Masiyiwa, who founded Econet Group in 1998, holds a 52.85-percent stake in Econet Zimbabwe, the country’s largest telecom service provider.
Egyptian tycoon Hend El-Sherbini’s IDH to acquire majority stake in Pakistan-based IDC for $72.35 million
Islamabad Diagnostic Centre (IDC) is one of Pakistan’s largest integrated diagnostics providers.
Patrice Motsepe’s African Rainbow Minerals acquires Bokoni platinum mine for $220 million
Bokoni, which was founded in 1969, was previously called Lebowa Platinum.
Nigerian media mogul Nduka Obaigbena fights ban on running company in UK
A London judge has granted him permission to appeal the decision banning him from trading in the UK.
Egyptian billionaire Naguib Sawiris set to sell his majority stake in ‘struggling’ Euronews
The deal is expected to close in Q1 2022.
Pharma tycoon Stephen Saad gains $38 million as Aspen moves to produce COVID-19 vaccines
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Ashish J. Thakkar’s Mara Phones signs export deal with Angolan firm
Mara Phones is a subsidiary of Mara Group and operates in Rwanda and South Africa.
South African tycoon Stephen Brookes loses $74.2 million in month as Balwin Properties shares slump by 18 percent
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
Ghanaian cement tycoon Ibrahim Mahama signs partnership deal with Renault
Mahama, the founder of Dzata Cement, will set up an assembly plant in Ghana under the French vehicle manufacturer.
Millionaires beginning to leave UK, new report reveals
UHNWIs are starting to leave the UK as a consequence of Brexit and resulting regulations.