Zimbabwe suspends billionaire Strive Masiyiwa’s Cassava Smartech from trading on local bourse
The company was suspended from trading after failing to publish its most recent financial statements.
Editorial Team
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.
Tanzanian gold magnate Ketan Patel loses $1.44 million as Shanta Gold shares decline by 16 percent
Shanta Gold is a gold mining company registered in Guernsey in the Channel Islands.
Billionaires.Africa forms partnership with The Royal Office of His Highness Sheikh Ahmed Bin Faisal Al-Qassimi
We are pleased to announce our official partnership with The Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi.
Steve Curtis-led Caledonia Mining acquires Maligreen project in Zimbabwe for $4 million
Maligreen is a brownfield exploration opportunity with significant historical exploration and evaluation work.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Real estate tycoon Talaat Moustafa signs agreement with AZADEA to launch Open Air Mall in Madinaty City
Formerly a suburb, Madinaty is an upscale, greener, less crowded area in Egypt.
Gerrit Ferreira’s Rand Merchant Investment moves to unbundle stakes in major insurers
The move is aimed at enabling it to narrow a discount between its share price and the book value.
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.
Zimbabwean businessman Kudakwashe Tagwirei lavishes wealth on local football clubs
Tagwirei has donated millions of dollars to the Dynamos Harare and Highlanders football clubs.
Egyptian-British industrialist Assem Allam in talks with Turkish businessman Acun Ilicali to sell Hull City A.F.C
Allam is an Egypt-born tycoon based in East Riding of Yorkshire.
Dangote Industries denies it is in talks with traders to secure loan for mega-refinery
Anonymous sources claim that the company is potentially looking to raise $500 million from traders.
Patrice Motsepe’s phosphate maker to launch operations after activist appeal dismissed
The appeal was raised by the West Coast Environmental Protection Association.
Malawian tycoon Thomson Mpinganjira convicted in 2019 presidential election bribery case
The multimillionaire had pleaded not guilty to six bribery-related charges.
Moroccan billionaire Aziz Akhannouch’s party secures majority of seats in legislative elections
Meanwhile, the ruling Development Party secured only 12 seats.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.