Ten of the richest businessmen in Tanzania — most of whom you’ve likely never heard of
According to AfrAsia Bank, the country is home to one billionaire, 80 multimillionaires and more than 2,300 individuals.
John Gachora-led NCBA Group risks $9.7 million in losses in attempt to revive insolvent business
NCBA Group is a leading Nairobi-based financial services conglomerate.
UK-based firm set to acquire stake in Johann Rupert-linked logistics company in $77.9-million deal
Rupert’s Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
Tanzania’s richest man Mohammed Dewji to donate $870,000 to help construct Simba Sports Club stadium
The donation comes after Mo handed an $8.6-million check to Simba SC for a 49-percent equity stake in the club.
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
United States sanctions firms owned by South Sudanese tycoon Benjamin Bol Mel
Bol Mel once served as the chairman of the South Sudan Chamber of Commerce, Industry, and Agriculture.
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
Meet the South African woman who has created the world’s first ocean water distilled gin
Jess Henrich is the founder of Amari Ocean Gin, which is inspired by the icy Atlantic Ocean.
Anthony Masunga-led Botswana Telecommunications Corporation expects bump in half-year pre-tax profits
Through its operations, BTC offers fixed, mobile and broadband services to consumers, enterprises and other licensed service providers.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
Africa’s wealthiest man Aliko Dangote loses over $1 billion in single day as investors book profit
Yet his $19.1-billion net worth makes him the richest Black man alive and the 100th wealthiest man in the world.
U.S. sanctions Angolan businesswoman Isabel dos Santos for involvement in corruption
U.S. Secretary of State Antony Blinken said the sanction was imposed for significant corruption.
Sudanese tycoon Osama Daoud Abdellatif’s DAL Group offers Zain $1.3 billion for telecom business in Sudan
DAL Group is a Sudan-based conglomerate with investments and active operations across several sectors.
Nigerian serial founder Sim Shagaya’s uLesson secures $15 million in China-led Series-B round
uLesson is a home-tutoring platform founded by Shagaya in 2019.
Ivorian technopreneur Idriss Monthe’s CinetPay receives $2.4 million in funding from 4DX Ventures, Flutterwave
CinetPay, a digital finance platform with operations across Francophone Africa, has seen impressive growth since its founding in 2016.
Egypt’s wealthy Khamis family moves to sell Oriental Weavers China
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.