Moroccan tycoon Abdellatif El-Guerraoui’s Auto Hall signs deal with Stellantis to distribute new auto brands
Auto Hall distributes more than 16 brands in the automotive, mining, industrial, public works, agriculture, and oil sectors.
South African mogul Zak Calisto loses $360 million from Karooooo stake in 2022
Despite the recent drop in his wealth, Calisto remains one of South Africa’s wealthiest businessmen.
Kenyan mogul James Mwangi’s Equity signs MoU with EAC to fast-track growth
Under Mwangi’s leadership, Equity Group has grown into the largest financial services group in East and Central Africa.
African-American billionaire Tyler Perry on prowl for lucrative new offer as BET mega-deal nears end
The writer, producer, director, and actor is best known for his “Madea” film franchise.
Bluebell Capital wants South African billionaire Johann Rupert’s Richemont to focus on jewelry, watches
This statement comes nearly a week after Richemont reported a double-digit increase in sales in Q1 2023.
Angolan billionaire Isabel dos Santos demands pardon after death of father
The dos Santos family also demanded an apology for the treatment of the former leader.
South African mogul Johann Rupert’s net worth soars by $240 million in four days
The increase in Rupert’s net worth follows a surge in Richemont shares from $10 on July 15 to $11 today.
Zimbabwe’s richest man Strive Masiyiwa plans to raise $500 million to expand digital infrastructure business
C5 Capital, a specialist venture capital firm, will provide the financing.
Wealthy Mauritian Lagesse family loses $21 million in 74 days from IBL Group investment
However, the Lagesse family remains one of Mauritius’ wealthiest, most powerful families.
Tanzanian Rajabali brothers lose $1.3 million after CRDB shares fall from record highs
Aunali and Sajjad Rajabali own a combined 2.6 percent stake in the Dar es Salaam-based CRDB Bank.
African-American billionaire Kanye West sued by LA production firm over alleged $7.1 million in unpaid fees
The allegations come just a few weeks after West was sued for over $400,000 by a fashion rental service.
Led by Kenya’s Kirubi family, Haco Industries receives additional $2.3 million from Societe BIC
Haco Industries is one of the region’s leading FMCG manufacturers.
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
Mohammed Akoojee-led Imperial Logistics acquires controlling stake in Africa FMCG Distribution Limited
The transaction is Imperial’s first since being acquired by DP World on March 21.
Samsung welcomes South African billionaire Michiel Le Roux’s Capitec on payment platform
The long-term success of Samsung Pay is driven by strong partnerships.
Billionaire Strive Masiyiwa denies interest in South Africa’s SuperSport United FC
He stated in a Facebook post that the reports are a fabrication.