Jit Bhattacharya-led BasiGo receives $6.6 million to kick-off EV assembly in Kenya
Bhattacharya and his friend Jonathan Green established BasiGo in 2021.
Kenyan tycoon Jimnah Mbaru has lost nearly $3 million this year from stake in Britam
Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria now worth $350 million
Odili is also the chairman and executive director of Aeromaritime Group.
Wealthy Kenyatta family gains $11.6 million from stake in NCBA since start of 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
South African businessman Adrian Gore gains $51.7 million in 10 days
Discovery was founded in 1992 by Gore and Barry Swartzberg.
Court cancels corruption allegations against Nigerian billionaire Benedict Peters
Peters is the founder of Aiteo Group.
Egyptian businessman Samih Sawiris on verge of losing ‘billionaire’ status
The Egyptian billionaire has seen a steady decline in his wealth since 2008.
Latest U.S. Black billionaire Sean ‘Diddy’ Combs splashes $185 million to acquire cannabis ventures
The African-American tycoon became a billionaire a day after Ye lost his billionaire status.
Ghana’s richest stock investor Daniel Ofori loses more than $11 million from stake in GCB Bank
Ofori owns 7.49 percent of GCB Bank.
Egyptian billionaire Nassef Sawiris-linked Orascom begins construction of 500-MW wind farm
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Kenyan mogul John Kimani-linked NMG announces layoffs as restructuring commences
Kimani owns a significant 2.35-percent stake in NMG.
Abdul Samad Rabiu to construct $2.3-million ICT hub at Nigerian university
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
South African mogul Neal Froneman’s Sibanye-Stillwater may cut 2,000 jobs
Sibanye-Stillwater is a multinational precious metal mining group.
Angolan gov’t takes ownership of Unitel S.A. from billionaire businesswoman Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
Nigerian billionaire Abdul Samad Rabiu’s food business posts $156.5 million in profit in 9M 2022
Rabiu and his son own 99.8 percent of BUA Foods.
Moroccan multimillionaire Anas Sefrioui has lost nearly $135 million in 10 months from stake in ADH
Sefrioui owns a 64.1-percent stake in Douja Promotion Groupe Addoha.