Telecom tycoon Sam Darwish’s IHS Towers begins IPO on NYSE
The company and its shareholders will split the 22.5 million ordinary shares to be listed in the IPO.
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Egyptian billionaire Nassef Sawiris’ Fertiglobe plans IPO
The deal will be the first onshore listing of a free zone company in the UAE.
Ghana’s richest investor Daniel Ofori earns $2.4 million in 29 days as shares in Societe Generale Ghana surge
Shares in Societe Generale Ghana have surged to their highest level in three years.
Arnaud Dalais-led CIEL Limited posts $10.45-million full-year profit, as earnings rebound
CIEL is a Mauritian conglomerate operating in emerging markets across Africa and Asia.
Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda
Kiggundu is one of East Africa’s most revered young entrepreneurs and a real estate mogul of note.
Mauritian banker Pierre Guy Noel to pocket $291,520 in final dividend from MCB Group
The dividend will be paid from the $194.5 million in profit that the lender posted at the end of its 2021 financial year.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to buy out minority investors in Nigerian subsidiary in $148-million deal
The company has initiated a process to buy back the 8.27-percent minority stake at an offering price of $0.1358 per share.
Sun Exchange secures $2.5 million from Patrice Motsepe-backed Africa Renewable Power Fund
This latest fund follows an earlier $4-million Series-A funding round in 2020.
Zimbabwe suspends billionaire Strive Masiyiwa’s Cassava Smartech from trading on local bourse
The company was suspended from trading after failing to publish its most recent financial statements.
South African mining magnate Quinton van der Burgh speaks on life, business and the future of fiat money
Van der Burgh is a serial entrepreneur, philanthropist and one of the wealthiest people in South Africa.
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.
Said Alj-led Moroccan insurance company Saham Assurance posts $42.4 million in mid-year profits
Its mid-year profit grew by 469.4 percent compared to last year.
Led by wealthy Moroccan Tazi and Berrada families, Sothema posts $14.45 million in H1 profits
The Morocco-based pharmaceutical company specializes in medicine production and sales.
Venture capitalist Kola Aina appointed chairman of Lagos Angel Network
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
Isabella Ochola-Wilson-led Unga Group posts $2.66 million in profit as revenues remain flat at $161.2 million
The figure represented a 343.6-percent growth compared to last year.
Billionaire Patrice Motsepe’s ARC Fund commits $13.2 million for Elandsfontein phosphate project
The loan will be used to enhance what could become South Africa’s second-largest source of phosphate rock.