Nigerian telecom tycoon Mike Adenuga-linked construction firm announces $69.6-million debt facility
Adenuga owns 25.1 percent of Julius Berger through Goldstones Estates.
Moroccan tech tycoon Hassane Amor’s Microdata posts $4.3 million in profit in H1 2022
Amor’s 56.17-percent stake in Microdata is valued at $50.5 million.
Johann Rupert-linked Remgro plans to sell stake in TotalEnergies South Africa
Remgro has also completed the sale of a 30-percent stake in South Africa’s largest wine and spirits producer, Distell Group.
South African banker Alan Pullinger’s stake in FirstRand declines by nearly $2.7 million in past 38 days
Pullinger owns 5,634,679 ordinary shares of the major financial services company.
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.