Moroccan politician Adil Douiri’s Mutandis posts $127.8 million in revenue in 9M 2021
Mutandis is an industrial group with operations in four business segments in the consumer goods industry.
Malawian tycoon Hitesh Anadkat gains $40.53 million in 2021 as shares in FMB Capital Holdings surge
Anadkat founded the holding in 1995 and is the largest shareholder in the leading financial services group.
Africa’s wealthiest man Aliko Dangote sees net worth rise by $1.4 billion in 2021
The richest Black man alive has amassed a staggering $19.2-billion net worth through Dangote Group.
Ahmed Mekky’s Benya Group eyes IPO in Egypt and foreign equity market
Benya Group is a leading digital solutions and ICT infrastructure provider in Egypt, the Middle East and Africa.
Charles Mbire-led MTN Uganda gets thumbs up to market IPO to local investors in Kenya
MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
John Moxon’s Meikles reports 89.3-percent drop in earnings for 2021, while revenues grow by three percent
Meikles is a Zimbabwe-based company with a diverse portfolio of investments.
Nigerian banking mogul Atedo Peterside acquires stake worth $817,300 in Stanbic IBTC Holdings
The share purchase was made despite a 57-percent decline in the company’s earnings.
South African exec Duncan Wanblad to pocket at least $1.71 million as new Anglo American CEO
His total salary package as the new CEO is expected to be significantly higher.
Tunisian businessman Moncef Mzabi gains $7.4 million in 2021 as shares in ARTES surge by 55 percent
An automobile industry leader, ARTES is the official dealer of the Renault and Nissan brands in Tunisia.
Kenyan tycoon Julius Mwale plans to bring in Dangote-connected firm to manage Mumias Sugar
Indian engineering consultancy firm J.P Mukherji & Associates operates in more than 30 countries across four continents.
Mitch Slape-led Massmart Holdings sustains sales above $3.9 billion, valuation jumps by 10 percent
Massmart Holdings is the second-largest consumer goods distributor in Africa.
U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
Moroccan tycoon Karim Benjelloun gains nearly $3 million in three months as Disway shares surge
Disway is Morocco’s first technology distributor and a leading computer hardware distributor in the Maghreb region.
11 African beverage tycoons you should know
Meet 11 African tycoons, who have built multimillion-dollar fortunes by manufacturing alcoholic beverages.
French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Mozambican business magnate Salimo Abdula’s son kidnapped in South Africa, media report
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.