Nigerian banking mogul Atedo Peterside acquires stake worth $817,300 in Stanbic IBTC Holdings
The share purchase was made despite a 57-percent decline in the company’s earnings.
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Mauritian multimillionaire Hector Espitalier-Noel gains $7.3 million in single month as ENL shares surge by 15.8 percent
ENL is a broad-based conglomerate managing a portfolio of more than 120 global and homegrown brands.
South African exec Duncan Wanblad to pocket at least $1.71 million as new Anglo American CEO
His total salary package as the new CEO is expected to be significantly higher.
Startup founders Ham Serunjogi, Olugbenga Agboola lead Payhippo to secure $3 million in seed funding
Payhippo is an AI-driven lending platform that provides loans to small businesses.
Saltzman family’s Dis-Chem Pharmacies resumes dividend payment, owners to pocket $10.8 million
Dis-Chem Pharmacies is a leading pharmacy retail and healthcare group based in South Africa.
Tunisian businessman Moncef Mzabi gains $7.4 million in 2021 as shares in ARTES surge by 55 percent
An automobile industry leader, ARTES is the official dealer of the Renault and Nissan brands in Tunisia.
Hani Berzi’s Edita Food Industries registers 58-percent growth in profit in 9M 2021
Edita Food Industries is a leader in the Egyptian packaged snack foods market.
Samuel Jonah’s Helios Towers acquires Airtel Africa’s infrastructure company in Madagascar for $51.7 million
Helios Towers is a leading independent telecom infrastructure group in Africa.
Kenyan tycoon Julius Mwale plans to bring in Dangote-connected firm to manage Mumias Sugar
Indian engineering consultancy firm J.P Mukherji & Associates operates in more than 30 countries across four continents.
Kenyan tycoon Baloobhai Patel now owns 49.9-percent stake in Carbacid Investments
Carbacid Investments is an investment holding with interests in carbon dioxide gas production processing and marketing.
Mitch Slape-led Massmart Holdings sustains sales above $3.9 billion, valuation jumps by 10 percent
Massmart Holdings is the second-largest consumer goods distributor in Africa.
U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
Moroccan tycoon Karim Benjelloun gains nearly $3 million in three months as Disway shares surge
Disway is Morocco’s first technology distributor and a leading computer hardware distributor in the Maghreb region.
Vivienne Yeda-led Kenya Power rebounds from losses, profit soars above $13 million in H1 2021
Kenya Power transmits, distributes and retails electricity to customers throughout Kenya.
Ham Serunjogi’s Chipper Cash gets $2-billion valuation with $150-million Series-C round
The cross-border payment platform offers mobile-based, fee-less, peer-to-peer payment services in Africa.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil acquires majority stake worth $26.1 million in Eterna
Founded in 1997, Rainoil is a prominent player in the Nigerian oil industry.