Koos Bekker’s Naspers, others invest $30 million in car subscription company, Planet42
Planet42 is a car subscription company that buys used cars from dealers and rents to customers via a subscription model.
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Egyptian tycoon Hend El-Sherbini’s IDH to acquire majority stake in Pakistan-based IDC for $72.35 million
Islamabad Diagnostic Centre (IDC) is one of Pakistan’s largest integrated diagnostics providers.
Cameroonian millionaire Samuel Foyou opens $27.5 million five-star hotel in Douala
The hotel cost $27.5 million to build and is the first five-star hotel in Douala and the second in Cameroon.
French billionaire Vincent Bollore receives $6.4-billion offer from MSC for African logistics assets
Mediterranean Shipping Company’s offer is subject to the approval of regulatory and competition authorities.
U.S.-based firm in talks to merge with Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies
According to Forbes, Masiyiwa is the 16th richest man in Africa, with a net worth of $2.3 billion.
Egypt’s wealthiest man, Nassef Sawiris loses $250 million amid news of Adidas shares buyback
Sawiris derives the majority of his wealth from his stake in Adidas.
Controversial Kenyan football club owner, Ricardo Badoer accused of fleecing investors of over $140 million
The tycoon was accused of perpetrating the crime through one of his platforms — Aidos Kuneen cryptocurrency.
Kenyan tycoon Suresh Bhagwanji Shah loses $38 million in 2021 as I&M Group shares slump
Shah holds a 10.8-percent stake in the Kenyan company, amounting to 178,514,362 ordinary shares.
Led by Saad Bendidi, Moroccan agribusiness Forafric set to list on U.S. exchange
Forafric is a leading Moroccan company sourcing, processing, selling and distributing agricultural commodities.
Wealthy Ben Yedder family of Tunisia gains over $3.6 million from stake in Ennakl Automobiles
Ennakl is a Tunisian automobile retailer engaged in the sale of cars under the Volkswagen, Audi, Seat and Porsche brands.
Led by Adetayo Bamiduro, Nigerian mobility startup Max secures $31 million in Series-B round
The funding secured in the round will help the startup expand its operations across the continent.
Carbacid Investments looks to acquire Kenyan tycoon Ngugi Kiuna’s BOC Kenya
Due to legal and regulatory roadblocks, the finalization of the deal has now dragged on for more than one year.
Patrice Motsepe’s African Rainbow Minerals acquires Bokoni platinum mine for $220 million
Bokoni, which was founded in 1969, was previously called Lebowa Platinum.
Burkinabe tycoon Idrissa Nassa’s Coris Bank funds Kouroussa Gold mine in Guinea with $100 million
Nassa said the financing deal is a step further in its plan to help strengthen Africa’s mining industry.
Mauritian businessman Tim Taylor gains $1.8 million in 20 days from stake in CIM
Tim Taylor holds a substantial 9.27-percent stake in the Mauritian non-banking financial institution.
Led by South African tycoon Aisha Pandor, SweepSouth buys out Egyptian Filkhedma
SweepSouth is fondly referred to as the Uber of cleaning services.