Angola’s former President Jose Eduardo dos Santos dies at 79
President Joao Lourenco has declared five days of national mourning.
The 10 richest billionaires in Africa as of June 2022
From January to June, the combined net worth of Africa’s 10 richest billionaires fell by $1.22 billion.
Namibian businessman Koos Brandt gains $13 million from stake in Capricorn Group
Capricorn Group operates in Namibia, Botswana, and Zambia.
Tech billionaire Olugbenga Agboola’s Flutterwave says money laundering claims are false
The company reiterates that it adheres to the highest regulatory standards.
Nigerian startup founder Etop Ikpe’s Autochek acquires CoinAfrique to deepen pan-African expansion
The acquisition will see CoinAfrique’s team join Autochek in running operations in the region.
Consortium backed by South African billionaire Johann Rupert prepares higher Mediclinic bid
The news comes nearly four weeks after Mediclinic rejected an acquisition bid from Rupert’s Remgro.
Kenya’s CMA forces CVC Capital Partners to buy out Kenyan mogul Joe Wanjui’s stake in Limuru Tea
The move coincides with efforts to resolve litigation that has clouded Limuru Tea’s future.
Tunisian multimillionaire Habib Essayeh gains $4.2 million as Euro-Cycles shares soar
Euro-Cycles is a Tunisian automotive company that specializes in the production of bicycles and cycles for export only.
Nigerian billionaire Abdul Samad Rabiu meets Senegalese president to discuss pan-Africaneconomic ties
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Nigerian politician and OPEC Secretary-General Mohammad Barkindo dies at 63
His death comes at a critical juncture in history, with volatile energy markets, global inflation and growing climate risks.
South African billionaire Oppenheimer family wins case to block exploration at Zimbabwe ranch
This comes after the family filed a lawsuit on June 2 to stop Pearline Mineral Exploration from mining on the Shangani Ranch.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l launches e-money service
Under Nassa’s leadership, the bank has evolved into a central player in the West African financial services industry.
Kanye West gains more than $200 million in one year
West owns the entire Yeezy brand, which is valued at $2.9 billion.
Nigerian MMA fighter Israel Adesanya earns $1.8 million from Sunday’s UFC 276
Adesanya is expected to headline another UFC main event in the fourth quarter of 2022.
Meet Ghanaian Nadia Abdul Aziz, who owns $16-million stake in Asante Gold
Aziz owns a significant 4.13-percent stake in the company.
South African tycoon Jens Montanana’s Datatec sells Analysys Mason management consulting firm for $252 million
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.