Nigerian billionaires, other owners of private jets sue gov’t over $67.5-million tax
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
South African billionaire Nicky Oppenheimer now richer than Fox News’ Rupert Murdoch
Oppenheimer derives his fortune from private equity investments.
Zimbabwean billionaire Strive Masiyiwa’s ADC to build its first data center in Rwanda
ADC is an affiliate of Cassava Technologies.
Abidjan-based entrepreneur Hassan Bourgi’s Djamo secures $14 million from investors
Djamo was founded in 2019.
Controlled by Kenya’s richest families, NCBA Group eyes entry in Ethiopia, DRC, Ghana
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
One of Malawi’s richest men, Hitesh Anadkat gains $9 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Nigerian billionaire Femi Otedola gains $8.3 million in 29 days from stake in First Bank
Otedola is the largest shareholder in FBNH with a sizable stake of 5.57 percent.
Egyptian tycoon Ahmed El Sewedy’s electric company to set up new firm in Saudi Arabia
El Sewedy Electric was founded in 1938 by the El Sewedy family.
Nigerian tycoon Temitope Lawani’s Helios buys stakes in two data centers in Kenya, Morocco
Helios Investment is one of the largest Africa-focused private investment firms.
South African billionaire Christo Wiese-linked Pepkor posts $353 million in profit in 2022
In 2014, Wiese sold Pepkor to Steinhoff International in exchange for 20 percent of Steinhoff’s issued shares.
Kenyan entrepreneur Kageni Wilson’s Finplus crosses $1-billion transaction value mark
Kenyan entrepreneurs Kageni Wilson and Bernard Banta founded Finplus Group in 2017.
Mohamed Mansour’s Infinity Power to commence work on green hydrogen project
Mansour stated that the company is honored to be working on its first-ever green hydrogen project.
Kenyan banker Gideon Muriuki’s Co-op Bank posts record earnings, as profits exceed $130 million
Muriuki owns a two-percent stake in the leading financial services group.
Led by Egyptian Ghabbour family, GB Auto posts $51.8 million in profit in 9M 2022
The Ghabbour family’s 62.9-percent stake in GB Auto is worth nearly $125 million.
Gas tycoon Julius Rone’s UTM signs design contract for Nigeria’s first floating LNG plant
Rone said the facility will be an enabler of industry expansion.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods fires staff, cuts allowances
Njonjo and Grant Brooke founded Twiga Foods in 2013.