South African businessman Andre Du Plessis retires as CFO of Capitec Bank
Du Plessis co-founded Capitec Bank with South African billionaire Michiel Le Roux and leading businessmen Jannie Mouton and Riaan Stassen in 2001.
Latest
Kenyan banker James Mwangi loses $3.7 million in seven days from stake in Equity Group
Mwangi, the CEO and managing director of Equity Group, owns a 3.38-percent stake in the bank.
Aliko Dangote’s cement company launches move to buy back shares worth more than $112.7 million
Dangote Cement will buy up to 170,003,074 fully paid-up ordinary shares.
South African businessman Jonathan Jawno gains $15.8 million as shares in Transaction Capital surge
Transaction Capital is a South Africa-based financial services group that specializes in asset-backed lending.
Malian entrepreneur Moulaye Taboure’s Afrikrea secures $6.2 million in funding round led by Jack Ma-linked firm
Afrikrea is an e-commerce startup founded in 2016 as a marketplace for Africa-based and -inspired fashion, clothing, accessories, arts, and crafts.
Swazi billionaire Natie Kirsh loses $260 million in one week
Kirsh saw his net worth surge to a record $8.35 billion on Jan. 4, $1.89-billion higher than one year ago.
Nigeria’s second-richest man Abdul Samad Rabiu gains more than $1 billion in six days from food business
Rabiu’s stake in BUA Foods is now valued at $2.795 billion.
Christo Wiese-linked retailer Steinhoff to list mattress firm on New York Stock Exchange
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Nigerian businessman Tony Elumelu’s Heirs Holdings set to begin work on oilfield
Heirs Holdings is a family-owned investment holding company founded by Nigerian businessman Tony Elumelu in 2010.
Zimbabwean tycoon John Moxon’s Tanganda Tea Company reschedules listing for February
Tanganda Tea Company is Zimbabwe’s largest distributor of bulk and packaged tea.
Naspers CEO Bob van Dijk acquires shares in Prosus worth more than $10 million
van Dijk’s purchase comes nearly two weeks after Prosus announced the successful buy-back of its shares worth $118.5 million.
Led by Co-Founder Simeon Ononobi, Nigerian startup ThankUCash raises $5.3 million
ThankUCash is a multi-merchant loyalty and cashback platform.
Led by Canadian executive Mike Henry, BHP Group moves to invest $100 million in Tanzanian nickel project
BHP Group will invest $40 million to accelerate the development of the Kabanga deposit.
Alexander Forbes appoints South African executive Ann Leepile as investments division CEO
Leepile’s appointment as CEO of Alexander Forbes Investments will be effective as of Feb. 1.
Joshua Oigara-led KCB Bank commits $7.1 million to support MSMEs in Kenya
KCB Bank operates as a subsidiary of KCB Group, one of the largest commercial banking groups in East Africa.
Sarrai Group sets aside $9.7 million to start operations in Mumias Sugar, despite court case from Julius Mwale
Sarrai Group, an Uganda-based conglomerate, is led by Kenyan businessman Sarbi Singh Rai, who is the group chairman.