Egyptian founder Mostafa Kandil’s Swvl partners with Moove to deliver EVs in MENAP region
The agreement comes nearly two weeks after Moove raised $105 million from institutional investors.
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Local contractors accuse Nigerian billionaire Mike Adenuga’s Conoil of failing to pay debts
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
Herbert Wigwe’s Access Bank completes transformation into Access Holdings
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Cameroonian entrepreneur Jean Lobe Lobe’s health startup Waspito raises $2.7-million seed funding round
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem.
The lionesses leading the pride
Here is a snippet of some of the modern-day queens who have pioneered male-dominated industries.
Egypt’s Ghabbour family set to receive $13.1 million in dividends from GB Auto in 2022
The wealthy Ghabbour family holds a majority 62.9-percent stake in Ghabbour Auto.
Controlled by Moroccan Royal Family, Al Mada sets up venture fund with $109.9-million investment
Under the direction of Morocco’s King Mohammed VI, Al Mada has grown into a leading African private investment fund.
MainOne, led by Funke Opeke, sets up fiber infrastructure in Nigeria’s first private free zone
The move comes nearly four months after Equinix, a digital infrastructure company led by U.S. businessman Charles Meyers, acquired MainOne.
Burkinabe tycoon Mahamadou Bonkoungou opens new showroom in Burkina Faso
Bonkoungou Distribution operates as a subsidiary of EBOMAF Group, a construction group founded in 1989.
AMCON receives court orders to takeover assets of Nigerian businessman Babatunde Folawiyo
Folawiyo has a beneficial one-percent stake in MTN Nigeria, the most profitable subsidiary of MTN Group.
South African tech mogul Zak Calisto loses $285 million in 85 days
Calisto owns a 75-percent stake in the Singapore-based technology firm.
Ghanaian mogul Samuel Jonah’s Helios Towers acquires 723 tower sites in Malawi from Airtel Africa
The deal is valued at $55 million.
South African billionaire Nicky Oppenheimer’s net worth surpasses $8.8 billion
Oppenheimer’s net worth has increased by 10.7 percent since the start of the year.
Karim Awad-led EFG Hermes posts profits of $81.8 million in 2021
EFG Hermes specializes in securities brokerage, asset management, investment banking and private equity.
Namibian mogul Koos Brandt records $19-million boost to his net worth from stake in Capricorn Group
Brandt is the holding’s largest individual shareholder.
Kenyatta, Merali and Ndegwa families will receive nearly $8.9 million in dividends from NCBA Group
The family of the late Jomo Kenyatta, Kenya’s prime minister from 1963 to 1964, will receive a dividend of $4.27 million from their stake.