Jim Ovia gains $61.3 million in 110 days as Zenith Bank shares rise 29 percent on NGX
Ovia owns a 16.2-percent stake in Zenith Bank.
Nicky Oppenheimer’s net worth skyrockets by $200 million in just 21 days
Oppenheimer has seen his net worth soar from $8.03 billion at the start of the year to $8.23 billion.
Cameroonian tycoon Paul Fokam’s Afriland partners with BGFI to co-finance CEMAC region projects
Fokam is one of Africa’s richest men, according to Forbes Afrique.
More than 100 millionaires call for wealth tax to combat inequality
Oxfam revealed earlier this week that three of Nigeria’s richest men are worth more than 83 million Nigerians.
Egyptian businessman Hassan Allam leads cooperation effort to boost investment in Africa
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Herbert Wigwe’s Access Holdings targets 100 million customers in ambitious expansion plan
The group also plans to expand its presence in Europe by opening a new unit in France.
Kenyan multimillionaire Humphrey Kariuki faces legal battle over prime land in Nairobi
Kariuki is a leading Kenyan multimillionaire businessman.
Mauritian Lagesse family-linked firm Transmara Sugar faces $7.8-million farmers claim
IBL Group holds an ownership interest in Transmara Sugar Company.
Neal Froneman: Sibanye-Stillwater’s proposed unit to secure $700 million from U.S. gov’t
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
Nigerian banker Herbert Wigwe’s Access Holdings aborts takeover of Kenya’s Sidian Bank
Wigwe owns a 4.51-percent stake in Access Holdings.
Releaf, led by Nigerian entrepreneur Ikenna Nzewi, raises $3.3 million for new technologies
Releaf has secured more than $100 million in supply contracts.
Tunisian tech entrepreneurs set to sell AI company to German biotech firm for $390 million
InstaDeep was founded in 2014.
Egyptian businessman Mohamed Arafa’s firm mulls expansion
Haj Arafa Group, under the leadership of Egyptian businessman Mohamed Arafa, is exploring opportunities to broaden its reach.
Egyptian entrepreneur Mostafa Kandil’s SWVL joins forces with Klax Ads to boost drivers’ income
SWVL Holdings Corp. is a leading provider of tech-enabled mass transit solutions.
Nigerian media mogul Raymond Dokpesi released following delay at Heathrow Airport
The mogul is the founder and former chairman of Daar Communications.
Dave Chappelle reveals African-American businessman Jay-Z’s investments in Ghana
Jay Z remains one of the few Black billionaires in the United States.