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.
Nigerian billionaire Abdul Samad Rabiu donates $2.4 million to Nnamdi Azikiwe University
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
Kenyan billionaire David Langat and family dragged to court over $152,000 travel debt
The plaintiff claims that they flew around the country and abroad for a year and now refuse to pay the bill.
African Judo Union President: ‘Businesses must support sport. It has the power to change the world.’
MP and AJU President Siteny Thierry Randrianasolo-Niaiko is one of Madagascar’s most dynamic public figures.
Ugandan multimillionaire Charles Mbire in high spirits as MTN IPO looms
MTN Uganda has been operating in Uganda since 1998 when it acquired a 20-year license.