Tanzanian multimillionaire Rajabali brothers gain $1.6 million from stake in CRDB Bank in 2021
The gains come off the back of a double-digit increase in the bank’s shares on the Dar es Salaam Stock Exchange.
Mozambican business magnate Salimo Abdula’s son kidnapped in South Africa, media report
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.
Peter Ashade-led United Capital posts $14.53 million in profit in 9M 2021, assets surge by 72 percent
United Capital is a financial and investment services company based in Lagos, Nigeria.
Zak Calisto’s Karooooo posts $15.71 million in profit in H1 2022, 12-percent lower than previous year’s figures
Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.
Vuyo Ntoi-led AIIM secures $370 million in capital to boost access to clean energy
The capital raise exceeded the investment manager’s initial $301-million target by 20 percent.
South Africa’s wealthiest man Johann Rupert gains $510 million in 14 days after $270-million loss in September
Rupert’s net worth since the start of October has risen from $9.07 billion to $9.58 billion.
Nigerian tycoon Temitope Lawani sees stake in Vivo Energy increase by $4.75 million in 2021
Vivo Energy is a British downstream petroleum company headquartered in London.
Iain Williamson-led Old Mutual plans strategic acquisition in West Africa to deepen operations
Old Mutual is a pan-African investment, savings, insurance and banking group.
Kofi Sarpong-led GNPC, Kosmos Energy to acquire two Ghanaian oil fields from Occidental Petroleum
GNPC will pay $200 million and Kosmos will pay $550 million for the Houston-based company’s assets.
Nigerian banking guru Jim Ovia gains $24 million in 20 days, as Zenith Bank shares recover from five-month low
The gain in the company’s share price was spiked by buying pressures on the Nigerian exchange.
Ugandan businessman Charles Mbire to see net worth rise by $50 million thanks to MTN Uganda listing
Mbire said the listing reaffirms its commitment to expanding investment opportunities for Ugandans.
Bob van Dijk’s Naspers-Prosus cross-deal boosts volume of M&A transactions in Sub-Saharan Africa
The value of M&A transactions in 2021 is over four times the amount recorded in the same period last year.
Kenyan top executive James Ndegwa suffers $1.8-million loss as NCBA Group shares decline
The loss came off the back of profit-taking actions and portfolio-rotation activities on the Nairobi Stock Exchange.
Herbert Wigwe’s Access Bank completes acquisition of BancABC Botswana
BancABC Botswana is a well-capitalized franchise with impressive growth prospects in Southern Africa.
Moroccan billionaire Anas Sefrioui loses $62.3 million in 71 days as ADH shares slide
Douja Promotion Groupe Addoha (ADH) is a Morocco-based real estate developer and construction company.
Jeremy Awori-led Absa Bank auctions 40 vehicles linked to bankrupt Italian firm CMC di Ravenna
Formerly Barclays Bank Kenya, Absa Bank Kenya is the local subsidiary of the South Africa-based Absa Group.