Billionaire Aliko Dangote’s oil refinery to commence operation by mid-2023
The project is back on track after being hampered by several issues.
South African billionaire Nicky Oppenheimer gains $130 million in August
Oppenheimer’s net worth rose from $8.3 billion to $8.43 billion.
Gbenga Agboola-led Flutterwave advances plans for NASDAQ IPO despite allegations
Flutterwave is a San Francisco- and Lagos-based fintech group.
Africa’s richest man Aliko Dangote to cut Nigerian sugar imports by 40 percent
Dangote founded Dangote Sugar Refinery in the 1970s.
Controlled by Kenya’s richest families, NCBA Group posts $65 million in profit in H1 2022
The double-digit increase in earnings was driven by a significant rise in interest and non-interest income.
Egyptian businessman Medhat Khalil’s Raya partners with Lafarge Egypt to convert trucks to natural gas
Khalil owns 58.1 percent of the company, or 1,245,661,205 shares.
Ghanaian founder Gregory Rockson’s mPharma to pay over $4 million in taxes in 2022
mPharma was founded in 2013.
South African billionaire Nicky Oppenheimer-linked Tana Africa invests in Sundry Markets
Sundry Markets was founded nearly seven years ago by Nigerian businessman Ebele Enunwa.
Tanzanian billionaire Mohammed Dewji’s MeTL Group unveils insurance scheme
METL Group is Tanzania’s largest home-grown corporation, worth more than $1 billion.
Nigerian billionaire Abdul Samad Rabiu’s son resigns as director of BUA Foods
Earlier this year, Isyaku and his father earned a dividend of $151.6 million from their stake in the business.
Mombasa-based businessman Ramesh Malde’s Pwani Oil buys stationery firm
Pwani Oil Products is a Kenyan company owned by Mombasa-based tycoon Malde and his family.
South African billionaire Johann Rupert’s Richemont to sell stake in loss-making YNAP to Fartech, Emirati tycoon
Richemont will examine the fair value write down pertaining to its investment in YNAP at $2.7 billion.
Moroccan businesswoman Lamia Tazi’s Sothema reveals plan to set up operations in Central Africa
Sothema is Morocco’s leading healthcare firm.
South African-born billionaire Patrick Soon-Shiong rents out part of vaccine plant as demand declines
Earlier this year, ImmunityBio opened a plant in South Africa under the name Nant SA.
Egyptian fintech founder Ashraf Sabry gains $1.6 million in 38 days from stake in Fawry
The bump in the market value of his stake cements his position as one of the richest investors on the Egyptian Stock Exchange.
Indian-Kenyan entrepreneur Kamal Budhabatti’s Little reveals plan to build $6-million office in Nairobi
Budhabhatti said the office building’s estimated construction cost of $6 million will be financed internally.