Nigerian gas tycoon Julius Rone seals deal with Afreximbank for FLNG project
Rone is the founder of UTM Offshore, a company that is building the country’s first FLNG facility.
NMG distributes $2-million dividend to Kenyan tycoon John Kimani and other shareholders
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Nigerian VC firm Verod-Kepple invests $1.5 million in Morocco’s Chari
Chari, a B2B e-commerce company, was founded by Moroccan entrepreneur Ismael Belkhayat and his wife Sophia Alj.
Billionaire Sean ‘Diddy’ Combs plans to sell DeLeon Tequila directly amid Diageo dispute
Diageo announced its decision to cut ties with Diddy after the latter accused the spirits giant of racial discrimination.
South African billionaire Christo Wiese’s Brait injects fresh capital into Virgin Active
Back in 2015, Brait, under the leadership of Wiese, acquired an 80-percent stake in Virgin Active for $862.8 million.
7 assets owned by Sudan’s wealthy Elnefeidi family
Controlled by Amin Bashir Elnefeidi, Elnefeidi Group is the largest family business in Sudan.
Kenyan tycoon Suresh Bhagwanji Shah loses $4.95 million amid I&M Bank’s share-price nosedive
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
Qatari dairy company acquires 15-percent stake in Egyptian tycoon Safwan Thabet’s Juhayna
Qatari dairy producer Baladna now owns 15-percent of Juhayna Food Industries, which is controlled by Thabet.
South African tycoon Roux Shabangu constructs Shopping mall in KwaZulu-Natal
Shabangu, one of South Africa’s wealthiest men, is building the mall in partnership with Moolman Group, Twin City, and Green Giraffe.
South African-born billionaire Patrick Soon-Shiong sees net worth slump by $860 million in 54 days
The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
Nassef Sawiris-linked firm reduces stake in Portuguese club in compliance with UEFA regulations
Egyptian billionaire Nassef Sawiris is considered one of Europe’s wealthiest football club owners.
Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in latest ranking
Dangote, who recently lost his long-held title as Africa’s richest man, now finds himself in the second position on the Nigerian Exchange.
Google executive Juliet Ehimuan, who led growth in West Africa, exits company
Ehimuan was appointed as Google’s country manager for Nigeria in 2011 and represented the company in partnership opportunities in West Africa.
South African tycoon Neal Froneman’s Sibanye-Stillwater shifts focus to lithium projects
Froneman announced the company’s shift in focus during his speech at the London Indaba conference earlier this week.
Kenyan tycoon Ronald Karauri’s Sportpesa commits $260,000 to support Kenyan Rugby
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.
South African tycoon Sipho Maseko joins Shoprite board shortly after Telkom bid setback
Maseko’s appointment to the Shoprite Holdings board solidifies his position as one of South Africa’s leading business leaders.