Nigerian billionaire Abdul Samad Rabiu gains $313.2 million in 50 days from stake in BUA Foods
Rabiu and his son own 99.8 percent of BUA Foods.
Led by Egyptian magnate Abdallah Sallam, MNHD expects to award contracts worth $154 million this year
Sallam owns five-percent of the real estate company.
Kenyan media mogul John Kimani-linked Kakuzi to ship second avocado consignment to China
Kimani owns 32.3 percent of Kakuzi.
Aga Khan IV-backed Jubilee completes sale of majority stake in Mauritian insurance subsidiary to Allianz
Aga Khan IV, Shah Karim al-Husayni, owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
South African billionaire Nicky Oppenheimer’s net worth slumps by $380 million so far in September
Oppenheimer still remains one of the continent’s wealthiest businessmen.
Nigerian banking tycoon Herbert Wigwe’s Access Holdings receives CBN approval to launch payment subsidiary
Wigwe owns 4.26 percent of the pan-African conglomerate.
Namibian tycoon Koos Brandt’s Capricorn Group posts $64 million in profit in 2022
Capricorn Group is a financial services conglomerate based in Namibia, Botswana, and Zambia.
French financier Proparco acquires shares in Mauritian magnate Dominique Galea-led insurer, MUA Ltd.
Proparco will become the regional insurance group’s largest investor.
South African tech tycoon Zak Calisto’s stake in Karooooo slumps by $106 million
Calisto founded Karooooo, a global mobility software as a service (SaaS) platform, in 2001.
Billionaire Robert Smith’s Vista Equity offers $4.22 billion to acquire Florida cybersecurity firm, KnowBe4
Vista Equity Partners has formed a special committee to oversee the acquisition.
Elon Musk’s SpaceX in talks with officials to launch satellite Internet in Zambia
SpaceX founder Elon Musk said he is excited about the opportunity.
Aliko Dangote’s sugar company pledges millions for CSR initiatives in Nigeria
Dangote Sugar is a subsidiary of Dangote Industries Limited.
Led by wealthy Ivorian Billon family, Palmci’s market cap slumps by $58.9 million in 138 days
Jean-Louis Billon has been instrumental in the growth of Palmci.
Africa’s second-richest man Johann Rupert loses $690 million in seven days
Despite his year-to-date wealth loss, Rupert remains not only one of Africa’s richest men, but also one of the world’s richest billionaires.
Senegalese-born TikToker Khaby Lame could earn as much as $10 million this year
Lame has become a global influencer in recent years.
Kanye West’s Yeezy brand terminates deal with U.S. retailer Gap
Gap earlier made headlines for selling Yeezy products in its Times Square store.