Namibian tycoon Wilhelm Shali to earn 15-percent stake in African Pioneer’s Namibia projects
Shali will personally own a 15-percent stake in the projects.
Editorial Team
Joshua Oigara-led KCB Group acquires Rwanda bank, Banque Populaire du Rwanda
The move increases the group’s market share in the Rwandan retail and SME banking sector.
Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
Mohammed Abdeljalil-led Marsa Maroc posts $193.61-million mid-year revenue
Compared with last year, the group’s consolidated revenue rose by 20 percent.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Patrick Nyaga-led CIC Insurance Group posts $2.38 million in profit for H1 2021
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Chandaria brothers earn $16.1 million from property sell-off to pan-African Grit real estate group
Grit is a London Stock Exchange-listed, Mauritius-based real estate firm focused on managing diversified assets in Africa.