Nigerian billionaire Femi Otedola not interested in becoming director in Nigeria’s largest bank
Otedola has said that contrary to speculation he has no interest in becoming the chairman of First Bank Nigeria.
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Led by Pakistani businessman Syed Basar Shueb, Chimera invests $50 million in Airtel Africa’s mobile money business
Chimera Investment operates as a member of Abu Dhabi’s Royal Group, a diversified conglomerate of companies.
Led by Tokunboh Ishmael, Africa’s first women-focused private equity firm Alitheia IDF raises 100 million
Aitheia IDF identifies, invests in and grows small and medium enterprises led by gender-diverse teams.
South African tycoon Stephen Brookes loses $74.2 million in month as Balwin Properties shares slump by 18 percent
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
Africa’s richest man Aliko Dangote gains back $200 million after losing $1 billion in day
The $200-million wealth bump can be linked to the rising share price of his cement and sugar businesses.
Ghanaian cement tycoon Ibrahim Mahama signs partnership deal with Renault
Mahama, the founder of Dzata Cement, will set up an assembly plant in Ghana under the French vehicle manufacturer.
Paystack Co-Founder Shola Akinlade, others invest $3.5 million in Edukoya ed-tech startup
Edukoya plans to use the capital raised to expand its team, technology and learner base.
South African billionaire Johann Rupert’s Remgro Limited set to list on A2X markets in 2022
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Egyptian real estate tycoon Samih Sawiris steps down as chairman of Orascom Development Holding
He will be exiting the position after almost 30 years at the company’s helm.
Millionaires beginning to leave UK, new report reveals
UHNWIs are starting to leave the UK as a consequence of Brexit and resulting regulations.
Chinese investor Robin Duan Wei acquires majority stake in Joseph Ndung’u-led Choice Microfinance Bank
Wei is a successful entrepreneur and the founder of Mobvista, a leading digital advertising company.
Iyin Aboyeji’s Future Africa, others invest $3.2 million in Kenyan startup Wowzi
Wowzi is a Kenyan startup that helps creative agencies push brand messages and extract consumer insights.
Led by Egyptian executive Assem Ragab, Credit Agricole Egypt raises capital by $238.3 million
Credit Agricole Egypt SAE is engaged in corporate, retail and investment banking services in the Middle East and North Africa.
Led by Ezz Fayek, Egyptian cash back provider Waffar X raises multimillion-dollar funding round
WaffarX is the first cash-back provider in the Middle East and North Africa.
Egypt’s El-Sewedy family gains $127.1 million as shares in Elsewedy Electric surge
Elsewedy Electric is an Egyptian multinational electrical company founded by the Elsewedy family in 1938.
Pieter Engelbrecht-led Shoprite Holdings forms JV with leading logistics company RTT Group
The JV is part of a broader move by Shoprite to strengthen its e-commerce delivery capabilities in the retail segment.