Naivas, owned by Kenya’s Mukuha family, opens 100th branch
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Tunisian tycoon Habib Essayeh suffers $2-million loss from Euro-Cycles stake
Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
Nigerian billionaire Mike Adenuga pays $210-million spectrum license renewal fee
This development comes in the wake of intense speculation and reports regarding a contentious dispute between Adenuga and the Nigerian government.
Gbenga Agboola’s Flutterwave joins forces with Microsoft to boost financial inclusion in Africa
Agboola, co-founder and CEO of Flutterwave, expressed the company’s excitement in partnering with Microsoft to accelerate financial inclusion in Africa.
Wema Bank stock decline results in $3.7-million loss for Nigerian gambling magnate
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, owns a 28.15-percent stake in Wema Bank.
Swazi billionaire Natie Kirsh sees net worth dip by $170 million, returning to $7.1 billion
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
Tiger Woods and Justin Timberlake partner to launch luxury sports bar in Scotland
This venture is made possible through a partnership with the real-estate company Nexus Luxury Collection.
Nigerian executive Karl Toriola earns $2.6-million salary from MTN Group
A seasoned Nigerian business executive, Karl Toriola, took the helm as the CEO of MTN Nigeria in October 2020
4 companies linked to South African businessman Johan Burger
Beyond his leadership contributions at FirstRand, Burger owns a 0.11-percent minority stake in FirstRand.
Mauritian tycoon Arnaud Lagesse’s IBL to finalize drug firm Harley’s deal this month
IBL Group, under the leadership of Lagesse, stands as a leading conglomerate and one of the largest groups in Mauritius.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.
Net worth of Nigeria’s second-richest man Abdul Samad Rabiu hits $7 billion
Bloomberg estimates Rabiu’s net worth slightly lower at $5.91 billion, considering approximately $2.98 billion in miscellaneous liabilities.
Patrice Motsepe’s ARC increases stake in freight platform Linebooker
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
Led by Morocco’s wealthy Tazi family, pharma company Sothema looks to East Africa for growth
Sothema is controlled by the multimillionaire Tazi and Berrada families, who hold a combined stake of more than 70 percent.
Cameroon’s richest woman Kate Fotso launches new hospitality company
Fotso is the founder and current CEO of Telcar Cocoa, Cameroon’s largest cocoa export company for more than 30 years.
5 assets owned by Dr. Dre
Dr. Dre is an iconic figure in American rap and music production, known for his pivotal role in founding Aftermath Entertainment and Beats Electronics.