Nigerian businessman Ken Etete pays $15 million to acquire FPSO
Nigerian multimillionaire Ken Etete, 48, serves as the chairman and CEO of Century Group, which is the first domestic energy infrastructure provider.
Hip-Hop’s first billionaire Jay-Z acquires Brazilian football agency
Jay-Z, the world’s first Hip-Hop billionaire has acquired TFM Agency, a Brazilian football agency.
South African tycoon Saki Macozoma owns $125-million mining fortune
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
Johann Rupert remains Africa’s richest man, despite $900-million decrease in net worth
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.
Firm tied to Mauritian Lagesse family poised to become majority shareholder in Naivas, Kenya’s largest retailer
Mambo Retail is an investment vehicle linked to IBL Group, a prominent Mauritius conglomerate led by Mauritian tycoon Arnaud Lagesse.
South African tycoon Paul Hanratty reaps impressive gains as Sanlam’s stake exceeds $15 million
The surge in Hanratty’s stake can be attributed to the remarkable performance of Sanlam’s shares since the start of the year.
Zimbabwean tycoon Kudakwashe Tagwirei allegedly laundered funds – Sentry Report
In August 2020, Tagwirei was sanctioned by the U.S. for harming the Zimbabwean people through extraordinary corruption.
Aliko Dangote’s Dangote Cement unveils $65.8 million share buyback
Dangote Cement, with a production capacity of 51.55 mtpa spread across ten countries, aims to enhance shareholder value through the buyback program.
Nigerian tycoon Oba Otudeko reportedly linked to 4.7-billion-share cross deal in FBNH
The transaction took place on the local bourse on Thurs., July 6, stirring speculation about Otudeko’s potential plans and intentions.
NCBA, Kenyan lender linked to Kenya’s richest families, increases loan interest rate
NCBA Group is partially owned by some of Kenya’s wealthiest families, including the Kenyatta, Merali, and Ndegwa families.
Kenya’s wealthy Mukuha family eyes $41.7-million deal valuing Naivas at $379 million
Once the deal is finalized, it will mark the third time the super-rich Mukuha family has divested part of their stake in Naivas.
One of Nigeria’s richest bankers, Herbert Wigwe, gains $14.5 million in 12 days
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings posts $8 million in profit in 2023
Abdoola, the managing director and a founding member of Turnstar Holdings, holds the largest individual stake in the company.
South African tycoon Christopher Seabrooke’s Sabvest Capital stake tanks, resulting in $26.9-million loss
Seabrooke holds a significant 40.61-percent stake in Sabvest Capital, making him one of the richest executives in the country.
Moroccan royal family firm to acquire stake in Senegalese food company
Al Mada, the private investment firm of the Moroccan royal family, has set up a new firm called Teralys to acquire a majority stake in Senegal’s Patisen.
Egypt’s richest man Nassef Sawiris gains $260 million in 29 days, as Adidas shares surge
The resurgence in Sawiris’ wealth can be primarily attributed to the impressive performance of his holdings in Adidas.