Nigerian executive Yemi Ejidiran oversees Wemabod’s signing of $32-million bond
Ejidiran underscored the importance of the bond issuance program in rejuvenating Unity House and fostering residential development in Lagos’ central business district.
Moroccan royal family’s investment in Attijariwafa Bank surges to $5 billion
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).
Billionaire Patrice Motsepe donates $1.55 million to alleviate student debt in South Africa
Motsepe, who achieved the status of Africa’s first Black billionaire in 2008 through success in the mining industry, has consistently been a dedicated philanthropist.
Nigerian tycoon Taiwo Afolabi’s group halts port operations in wake of terminal fire
The incident occurred on Saturday, February 24, impacting the facilities of Port and Cargo Handling Services Limited, a key subsidiary of the conglomerate.
Ethiopia’s richest man Mohammed Al-Amoudi gains $130 million in two weeks
The surge in his fortune propels Al-Amoudi to 259th place on the prestigious list of the world’s 500 wealthiest billionaires.
Egyptian billionaire Ahmed El-Sewedy-led electric firm unveils industrial city in Tanzania
Spanning an expansive 2.6 million square meters, EIC represents East Africa’s first fully integrated industrial hub.
South African exec Kennedy Bungane-led African Bank acquires Sasfin Bank’s unit in $166-million deal
Under the leadership of Kennedy Bungane, African Bank Limited has experienced massive growth, becoming one of the fastest-growing financial services providers in South Africa.
Financial loss forces delisting of Arbico, owned by Nigerian gambling magnate Kessington Adebutu
The company has engaged with regulatory authorities and stakeholders in the decision-making process and has initiated necessary procedures to ensure a smooth transition from NGX.
Moroccan tycoon Lamia Tazi’s Sothema strikes major deal to boost healthcare in Mauritania
Sothema and CAMEC: Collaborative commitment to addressing healthcare challenges in Mauritania/
Hassanein Hiridjee’s AXIAN Group acquires solar assets in Madagascar and Burkina Faso
This acquisition follows AXIAN’s collaboration with GreenYellow a year ago, which brought a groundbreaking 1.8MW solar photovoltaic power plant to Madagascar’s Sava region.
Egyptian billionaire Ahmed Ezz rakes in $45 million in 2 weeks
His stake, which translates to a total of 329,816,198 shares in the steel giant, has solidified his position among the richest investors on the Egyptian Exchange.
Egypt’s second-richest man Naguib Sawiris gains $110 million in 5 days
His recent $110-million wealth gain is attributed to the recent performance of his investments, which encompass real estate, teleom, and the mining industry.
Davido donates $200,000 to orphanages throughout Africa’s largest economy
This builds upon previous philanthropic endeavors, including a N250 million ($166 million) donation to 292 orphanages in November 2021 to commemorate his 29th birthday.
Kenyan tycoon Bharat Thakrar threatens $30-million lawsuit against UK group
Thakrar also accused WPP of leaking details of an internal investigation into alleged financial and personal misconduct to local media, causing “reputational damage.”
South African executive Lance Foxcroft pockets $1.2-million salary in 2023
Foxcroft’s 2023 compensation comprises a base salary of R4.08 million ($0.21 million), complemented by a performance-driven short-term incentive of R3.64 million ($0.19 million).
Kenyan tycoon James Ndegwa loses $1.17 million from NCBA stake
Despite this setback, Ndegwa remains one of Kenya’s wealthiest investors and continues to hold a prominent position among the country’s richest businessmen.