Prosus N.V., led by South African billionaire Koos Bekker, to sell Russian internet marketplace Avito for $2.4 billion
Bekker’s 0.84-percent stake in Prosus is worth $588 million.
South African mogul Zak Calisto’s Karooooo reports nearly $17.1 million in profit in H1 2023
Karooooo is a leading provider of smart transportation management and analytics.
South African tech tycoon Jens Montanana’s Datatec to pay shareholders $149.5 million in special dividend
Montanana is Datatec’s founder and CEO.
Egyptian businessman Abdallah Sallam’s stake in MNHD stake slumps by nearly $4.5 million in 45 days
Sallam owns five percent of MNHD.
Nigerian billionaire Mike Adenuga’s Globacom launches payment service bank
Globacom is Nigeria’s second largest mobile telecom company.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings expects pre-tax earnings to decline by 11.5 percent
Abdoola is the company’s largest individual shareholder.
Nigerian gaming tycoon Kunle Soname’s ValueJet to commence regional flights this week
Soname’s move into the aviation sector is aimed at helping to lower the cost of airline tickets for Nigerians.
Malawian multimillionaire Hitesh Anadkat gains $17.2 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
South African retail mogul Mark Lamberti’s Massmart plans to shut down Game stores in East, West Africa
Massmart is Africa’s second-largest distributor of consumer products.
Nairobi-based entrepreneur Jit Bhattacharya-led BasiGo partners with KCB to drive adoption of electric buses
Bhattacharya and his friend Jonathan Green founded BasiGo in 2021.
Neal Froneman-led Sibanye-Stillwater becomes majority owner of Finnish battery maker, Keliber
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth slumps by $520 million in September
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
Portuguese telecom group Sonaecom ends partnership with Angolan billionaire Isabel dos Santos
Dos Santos is the daughter of Angola’s former president.
Moroccan billionaire Othman Benjelloun’s BMCE Capital launches $4.5-million VC fund for startups
The fund will be raised from renowned Moroccan investors and institutional financial organizations.
Kenyan banker James Mwangi loses $7.14 million in seven weeks
Mwangi owns a sizable 3.38-percent stake in Equity Group.
British beverage group, Diageo appoints Kenyan exec John Musunga as Guinness Nigeria CEO
Musunga is the managing director of Kenya Breweries Limited.