Dar es Salaam-based multimillionaire Hans Macha gains $1.5 million from stake in CRDB Bank
Macha’s interest in Tanzania’s leading banking group is worth more than $5 million.
British-Nigerian entrepreneur Ladi Delano’s Moove partners with Uber to launch India ride-hailing fleet
The move marks Moove’s first global expansion outside of Africa.
Cosmetics billionaire Robyn ‘Rihanna’ Fenty looks to launch haircare line under billion-dollar brand
Recently, Rihanna as seen her net worth fall by $300 million.
Portuguese gov’t accuses Angolan businessman Alvaro Sobrinho of embezzling hundreds of millions of dollars
The businessman was charged with aggravated fraud and the lodging of about $6.12 billion.
Algerian tycoon Issad Rebrab’s Cevital partners with WEG to form electrical machinery company
The JV will produce motors for washing machines manufactured by Cevital and other partners.
Michael Joseph-led Kenya Airways suspends London route ticket sales amid UK travel chaos
The recent development has the potential to significantly impact KQ’s third-quarter financial performance.
Moroccan PM Aziz Akhannouch’s net worth slumps by $300 million
Akhannouch derives the majority of his fortune from Akwa Group.
Egyptian tech tycoon Mostafa Kandil’s Swvl partners with German gov’t to power electric shuttles
Swvl is a global provider of transformative tech-enabled mass transit solutions.
Swvl, tech startup led by Egyptian entrepreneur Mostafa Kandil, moves to acquire Mexico’s Urbvan
Swvl is a global provider of transformative tech-enabled mass transit solutions.
French businessman Jeremy Hodara’s Jumia partners with Realme to drive African smartphone adoption
Jumia is Africa’s leading e-commerce platform.
Mediclinic gains over $690 million four weeks after Johann Rupert’s Remgro launches takeover bid
Similarly, Remgro’s 44.6-percent stake in Mediclinc has increased in value by $281.5 million.
Burkinabe tycoon Mahamadou Bonkoungou’s IB Bank plans to crash interest rates in Togo
Bonkoungou acquired IB Bank in Togo last December.
Malawian banking mogul Hitesh Anadkat gains $40 million from stake in FMB Capital
Anadkat owns 35.51 percent of the Port Louis-based firm.
Egypt’s richest man Nassef Sawiris loses $600 million in June after gaining $1.25 billion in May
His fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth Adidas.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan acquires e-commerce platform, Talabeyah
The acquisition aligns with the fintech firm’s strategic expansion plans as it moves to deliver value.
Nigerian oil tycoon Adewale Tinubu’s Oando suffers $320 million in losses in 2020
Tinubu stated that 2020 was one of the most challenging years in the firm’s history.