Nigerian industrialist Samuel Bolarinde gains $5.3 million as Vitafoam shares soar by 188 percent
Vitafoam is Nigeria’s leading flexible and rigid polyurethane product manufacturer.
Tanzanian magnate Ketan Patel loses $5.3 million in 2021 as Shanta Gold shares lose half value
Patel, who founded Shanta Gold in 2001, has seen a $5.3-million loss in the value of his stake since January.
Led by Martine Coffi-Studer, Bollore Transport & Logistics Cote d’Ivoire gains over $36 million in 55 days
Bollore Transport & Logistics Cote d’Ivoire is majority-owned by the French Bollore Group.
Nigerian businessman Austin Okere’s CWG launches process to write down retained losses of $5.07 million
CWG has grown into a leading IT services provider in West Africa.
Ghanaian logistics mogul Daniel McKorley floats airline business; set to launch private jet terminal in 2022
McKorley is the founder and CEO of McDan Group of Companies.
Actor Forest Whitaker joins Nigerian tycoon Tunde Folawiyo, others as investor in NBA Africa
Investors include former NBA players Junior Bridgeman, Luol Deng, Grant Hill, Ian Mahinmi, Dikembe Mutombo and Joakim Noah.
Saltzman family of South Africa gains $151.1 million in three months from stake in Dis-Chem
Ivan Saltzman and his wife Lynette own a joint 45.2-percent stake in Dis-Chem, a major pharmaceutical retailer in Africa.
Burkinabe tycoon Mahamadou Bonkoungou hires Moroccan banker Nabil Tahari to lead IB Bank Togo
Tahari is a renowned banking executive and former Societe Generale Burkina employee.
Ivorian businessman Jean-Luc Konan-linked Fin’Elle secures $5.6-million loan from FMO
Fin’Elle is a micro-finance institution dedicated to supporting female entrepreneurship in Cote d’Ivoire.
Turkish tycoon Ersin Arioglu’s Yapi Merkezi signs $1.9-billion contract to extend Tanzania railway
Yapi Merkezi Group is a Turkish behemoth founded by multimillionaire businessmen Ersin Arioglu and Koksal Anadol.
Britam Holdings, controlled by Kenyan tycoons, set to earn $123.3 million from sale of Equity Group shares
The deal comes at a premium of nearly 11 percent over Equity Group’s share price.
South African tech mogul Zak Calisto gains $159 million in nine months following Karooooo IPO
Calisto founded Karooooo in 2001, with an initial focus on stolen vehicle recovery services in South Africa.
Kenyan businessman Andrew Ndegwa gains $1.4 million in three weeks from stake in NCBA Group
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
Malawian businessman Hitesh Anadkat gains $3.9 million in four months as Telekom Networks shares soar
Anadkat, a prominent banker, owns 435,000,000 shares in the Malawi-based telecom company.
Nigerian billionaire Benedict Peters to build 500,000-bpd refineries in Niger Delta
Aiteo Eastern E & P Company Limited is one of Nigeria’s largest indigenous oil exploration companies.
South Africa’s richest man Johann Rupert loses $500 million amid investor profit-taking actions
Rupert is one of the top five richest billionaires in Africa with a fortune amounting to over $11.8 billion.