Afreximbank set to buy shares in Geregu Power, Femi Otedola’s power-generating firm
Geregu is one of Nigeria’s largest power-generating enterprises.
Widow of late Tanzanian billionaire Reginald Mengi suffers legal setback in inheritance row
Tanzanian billionaire Reginald Mengi died on May 2, 2019, in Dubai, UAE.
Egyptian steel tycoon Ahmed Ezz’s Ezz Steel posts record profit thanks to higher output
Ezz owns 60.7 percent of Ezz Steel.
Israeli billionaire Dan Gertler to receive $250 million from Congolese govt
Gertler is the founder and president of DGI Group.
Nigerian banker Herbert Wigwe’s Access Holdings set to launch new European unit
Wigwe owns a 4.51-percent stake in the financial services group.
Issad Rebrab’s Cevital opens multimillion-dollar electric motors factory in Algeria
The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
Mike Teke’s firm Seriti leads charge in South Africa’s green energy transition
Teke, CEO of Seriti Resources, said the deal will facilitate the decarbonization of South Africa’s energy grid.
Patrice Motsepe-linked SIH combines with Absa to create one of South Africa’s largest asset managers
SIH is Sanlam’s third-party asset management company.
Africa’s richest man Aliko Dangote gains $1.5 billion in November
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Kenyan tycoon banker James Mwangi’s Equity rolls out risk-based lending
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Global police agency Interpol confirms red notice for Angolan billionaire Isabel dos Santos
According to Forbes magazine, dos Santos was once Africa’s richest woman.
Nigerian billionaires, other owners of private jets sue gov’t over $67.5-million tax
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
Egyptian businessman Hani Berzi gains $29 million in 30 days from stake in Edita
Berzi owns a significant 41.95-percent stake in Edita Food Industries.
South African mogul Neal Froneman-led Sibanye to spend $616 million on Finland lithium project
Froneman holds a 0.074-percent stake in Sibanye-Stillwater.
Mauritian tycoon Arnaud Lagesse’s IBL Group backs 4DI Capital’s $25-million seed fund
Lagesse and his siblings own a 16.8-percent joint stake in IBL Group.
South African billionaire Nicky Oppenheimer now richer than Fox News’ Rupert Murdoch
Oppenheimer derives his fortune from private equity investments.