Angola’s former President Jose Eduardo dos Santos dies at 79
President Joao Lourenco has declared five days of national mourning.
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The 10 richest billionaires in Africa as of June 2022
From January to June, the combined net worth of Africa’s 10 richest billionaires fell by $1.22 billion.
Ivorian banker Jean Kacou Diagou’s NSIA Banque Cote d’Ivoire expects balance sheet to exceed $3 billion in four years
The management expects the company’s balance sheet value to exceed $3 billion by 2026.
Namibian businessman Koos Brandt gains $13 million from stake in Capricorn Group
Capricorn Group operates in Namibia, Botswana, and Zambia.
Kenyan tech entrepreneur Victor Maina’s Duhqa secures $2-million in seed round one year after launch
Duhqa was founded in 2021 by Maina, Davis Angwenyi, and Dudu Moilwa to address issues in the highly fragmented retail market.
Tech billionaire Olugbenga Agboola’s Flutterwave says money laundering claims are false
The company reiterates that it adheres to the highest regulatory standards.
Nigerian startup founder Etop Ikpe’s Autochek acquires CoinAfrique to deepen pan-African expansion
The acquisition will see CoinAfrique’s team join Autochek in running operations in the region.
Consortium backed by South African billionaire Johann Rupert prepares higher Mediclinic bid
The news comes nearly four weeks after Mediclinic rejected an acquisition bid from Rupert’s Remgro.
Kenya’s CMA forces CVC Capital Partners to buy out Kenyan mogul Joe Wanjui’s stake in Limuru Tea
The move coincides with efforts to resolve litigation that has clouded Limuru Tea’s future.
Tunisian multimillionaire Habib Essayeh gains $4.2 million as Euro-Cycles shares soar
Euro-Cycles is a Tunisian automotive company that specializes in the production of bicycles and cycles for export only.
This is what Nigerian billionaire TY Danjuma’s family office portfolio looks like
Danjuma is known for founding the oil exploration company South Atlantic Petroleum.
Nigerian billionaire Abdul Samad Rabiu meets Senegalese president to discuss pan-Africaneconomic ties
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Nigerian politician and OPEC Secretary-General Mohammad Barkindo dies at 63
His death comes at a critical juncture in history, with volatile energy markets, global inflation and growing climate risks.
Egyptian tycoon Safwan Thabet receives $8.75 million in dividends from Juhayna
Thabet owns a majority 50.07-percent stake in the Egypt-based food products manufacturer.
South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.