Nigerian billionaire Tony Elumelu says UBA’s global expansion incomplete without Gulf
UBA’s entry into the Middle East comes just six months after Elumelu publicly disclosed his interest in investing in the Caribbean.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group receives $15-million guarantee from FMO
NASIRA is a financial program that assists young, female, migrant, and COVID-19-affected entrepreneurs.
Nigerian banking mogul Herbert Wigwe’s Access Holdings raises $1.7 million to support education in Nigeria
Wigwe said the funds will serve as a foundation for attaining a better future for the nation.
Tunisian businessman Mehdi Tamarziste gains $1.6 million in four weeks from stake in UBCI
The market value of his stake in the group places him among the richest investors on the Tunis Stock Exchange.
Meet Noluthando Gosa, South African businesswoman who owns $21-million stake in ArcelorMittal
Gosa leads Likamva Resources and Akhona Group.
South African billionaire Johann Rupert’s luxury company records over $5.2 billion in revenue in Q1 2023
Despite the strong performance, Richemont shares have fallen 5.7 percent since this morning.
Nigerian businessman Tony Elumelu’s UBA opens new branch in Dubai
The opening brings UBA’s global presence to 24 countries and four continents.
Egyptian Khamis family loses more than $50 million in 16 weeks on stake in Oriental Weavers
The Khamis family is one of Egypt’s wealthiest families.
Mauritian multimillionaire Dominique Galea loses $2.4 million from stake in MUA
Galea remains one of the wealthiest investors on the Stock Exchange of Mauritius.
Somali businessman Ismail Ahmed’s WorldRemit expects school reopening to boost diaspora remittances to Kenya
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
Ugandan pharma tycoon Emmanuel Katongole loses over $1 million in one year
Katongole owns 2.79 percent of the company, which translates to 101,933,042 ordinary shares.
Led by Kenyan businesswoman Nasim Devji, Diamond Trust Bank intends to open 17 new branches
DTB has grown into a financial services industry leader under Devji.
South African-born Kenyan businessman Michael Joseph prolongs term as KQ chairman
Joseph was appointed chairman of KQ in October 2016.
Burundi asks Nigerian billionaire Aliko Dangote to establish cement plant
Dangote owns an 86-percent stake in Dangote Cement Plc, Africa’s largest cement producer.
Egyptian billionaire Yasseen Mansour loses over $6.7 million from stake in Palm Hills
Despite the year-to-date loss, Mansour remains one of Africa’s wealthiest men.
Tanzanian tycoon Said Salim Bakhresa’s Bakhresa Group kicks off sugar production
Bakhresa is one of Africa’s wealthiest men, with an estimated fortune of more than $600 million in 2015.