Antoine Delaporte’s Adenia Partners looks to acquire Kenyan restaurant chain, Java House
Adenia Partners is an African-focused private equity firm.
Kenyan businessman Paul Ndung’u ousted as SportPesa shareholder amid legal battle
Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
U.S. billionaire Robert F. Smith partners with Deepak Chopra to boost Black leadership
Smith is America’s richest Black man.
Meet 36-year-old Kenyan entrepreneur who recently secured $3 million for her startup
Wandia is the CEO of Kwara, a Kenyan-based online and mobile banking platform.
South African billionaire Nicky Oppenheimer gains $800 million in 36 days
Oppenheimer’s net worth has risen by $800 million since the start of the year.
Tunisian tycoon Abdelwaheb Ben Ayed has now lost $1.64 million since start of 2023
Ben Ayed owns a beneficial 3.4-percent stake in Poulina Group.
Jay-Z, Bacardi reach settlement in billion-dollar dispute
Bacardi has agreed to buy out the majority of Jay-Z’s 50-percent stake in D’Usse.
Algeria’s richest man Issad Rebrab has now lost $500 million so far in 2023
Rebrab is the founder of Cevital Group.
Herbert Wigwe’s Access Holdings’ quest for growth continues despite Sidian Bank deal collapse
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Egyptian businessman Hassan Allam’s firm inks deal with Beko to build plant in Egypt
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $111 million in 34 days
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
South African exec Mike Teke’s Seriti Resources to begin 155-MW wind farm construction
Seriti Resources Holdings is a leading coal company.
Egyptian mogul Hend El-Sherbini’s IDH reverses acquisition of stake in Pakistani diagnostics firm
Integrated Diagnostics Holdings is a renowned healthcare services provider.
Sasini, controlled by family of late Kenyan tycoon, aims for growth after reaching $10-million profit milestone
The late Kenyan tycoon Naushad Merali’s family owns a 65.46-percent stake in Sasini Tea.
Kenyan banker James Mwangi’s Equity to revamp Spire Bank’s loan portfolio
Mwangi has been instrumental in driving the Equity Group’s growth and success, implementing a range of initiatives and programs.
A $100,000 investment in Femi Otedola’s Geregu Power four months ago is now worth $219,000
Geregu Power is a top-performing power-generating company.