Moroccan PM Aziz Akhannouch’s net worth slumps by $300 million
Akhannouch derives the majority of his fortune from Akwa Group.
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Meet Noluthando Gosa, South African businesswoman who owns $21-million stake in ArcelorMittal
Gosa leads Likamva Resources and Akhona Group.
Tanzanian Rajabali brothers lose $1.3 million after CRDB shares fall from record highs
Aunali and Sajjad Rajabali own a combined 2.6 percent stake in the Dar es Salaam-based CRDB Bank.
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.
African-American billionaire Kanye West sued by LA production firm over alleged $7.1 million in unpaid fees
The allegations come just a few weeks after West was sued for over $400,000 by a fashion rental service.
South African billionaire Johann Rupert’s luxury company records over $5.2 billion in revenue in Q1 2023
Despite the strong performance, Richemont shares have fallen 5.7 percent since this morning.
Nigerian businessman Tony Elumelu’s UBA opens new branch in Dubai
The opening brings UBA’s global presence to 24 countries and four continents.
Somali tycoon Ismail Ahmed’s Zepz denies delays in $6-billion IPO
Zepz, the parent company of WorldRemit, stated that it has yet to formally announce an IPO timeline.
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.
Egyptian Khamis family loses more than $50 million in 16 weeks on stake in Oriental Weavers
The Khamis family is one of Egypt’s wealthiest families.
Led by Kenya’s Kirubi family, Haco Industries receives additional $2.3 million from Societe BIC
Haco Industries is one of the region’s leading FMCG manufacturers.
Mauritian multimillionaire Dominique Galea loses $2.4 million from stake in MUA
Galea remains one of the wealthiest investors on the Stock Exchange of Mauritius.
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
Somali businessman Ismail Ahmed’s WorldRemit expects school reopening to boost diaspora remittances to Kenya
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
French businessman Jeremy Hodara’s Jumia partners with Realme to drive African smartphone adoption
Jumia is Africa’s leading e-commerce platform.
Led by South African businesswoman Portia Derby, Transnet signs $1.5-billion credit facility to fuel growth
The credit facility will be used to finance the company’s capital expansion program.