South African exec Jackie van Niekerk-led trust acquires rest of Mall of Africa
With this transaction, Attacq now indirectly owns 100 percent of Mall of Africa, up from AWIC’s previous 80-percent holding.
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Zach Randolph: From NBA Star to Business Executive
Z-Bo’s resilience and growth wasn’t limited to the basketball court but are notable in his foray into the business realm.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank extends deal with Matercard
The collaboration, which has been instrumental in driving Kenya’s digital payments landscape, will provide enhanced value propositions for cardholders across the country.
Cemtech eyes 5,500 clinker plant as Narendra Raval tightens grip on Kenyan market
Under Raval’s leadership, Cemtech has submitted an environmental impact assessment (EIA) report to the National Environment Management Authority (NEMA) for review.
South African tech mogul Zak Calisto loses $79.2 million from Karooooo shares
Despite the decrease in his stake in Karooooo, Calisto remains one of Africa’s top tech entrepreneurs.
East Africa’s first billionaire Sudhir Ruparelia buys Lotis Towers from dfcu Bank
The acquisition of Lotis Towers, a 14-storied upscale building located at plot 16 MacKinnon Road, Nakasero, was confirmed by Sudhir Ruparelia himself following a bank auction.
South African billionaire Christo Wiese’s Shoprite shares rebound above $900 million
With his Shoprite stake now reapproaching the $1-billion mark, Wiese remains a billionaire, with his net worth likely exceeding $1.2 billion.
Ghana’s richest investor Daniel Ofori gains $1.19 million from GCB Bank stake
The surge in Ofori’s GCB Bank stake strengthens his position as the leading investor on the Ghana Stock Exchange (GSE).
Bank led by South African exec Kennedy Bungane takes stake in Johann Rupert-backed Grindrod
The acquisition bolsters African Bank’s presence within the small and medium-sized enterprise (SME) segment, a key growth area for the bank.
Payment firm linked to Nigeria’s richest banker partners with AfCFTA on trade portal innovation
As Africa charts a course toward economic convergence and regional cohesion, initiatives like the SMARTAfCFTA Portal serve as catalysts for progress.
Zimbabwean tycoon Ken Sharpe’s WestProp begins development of $300-million mixed-use estate
The development encompasses an 18-hole championship golf course modeled after those used on the PGA Tour
Moroccan billionaire’s son acquires $15.4-million Miami Beach waterfront home
The purchase of the two-story mansion at 394 S. Hibiscus Drive, exemplifies the family’s penchant for exclusivity and grandeur.
6 business ventures owned by Dwight Howard
Howard shows his versatility transcends the boundaries of the basketball court into the world of business.
Moroccan real estate tycoon Alami Lazraq loses $57.4 million from ADI stake
Despite this setback, Lazraq remains one of the wealthiest investors on the Casablanca bourse and continues to be recognized as a prominent Moroccan businessman.
South African tycoon Laurie Dippenaar gains $31.5 million from FirstRand in 18 days
The $31.46-million increase in the market value of Dippenaar’s investment in FirstRand solidifies his position as one of South Africa’s wealthiest businessmen.
Aga Khan IV’s AKHS unveils $6-million cancer care center in Tanzania
The Aga Khan Health Services (AKHS) is one of three AKDN agencies with a health focus, alongside the Aga Khan Foundation and the Aga Khan University.