Ken Njoroge’s Cellulant Corporation receives nod to operate in Tanzania
The company will offer the market seamless payments solutions with its globally acclaimed product, Tingg.
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Multimillionaire Mauritian Lagasse family gains $12.61 million from joint stake in IBL Limited
IBL is a world-class diversified conglomerate based in Mauritius.
James Mwangi’s Equity Group Foundation awards 10,705 Wings To Fly scholarships across Kenya
The successful recipients were selected from a host of 114,000 applicants.
Tycoon Egide Gatera acquires six-percent stake in Rwanda’s second-largest bank, I&M Rwanda
Gatera is a renowned investor with experience in the local and regional business ecosystem.
Zak Calisto’s Karooooo Limited posts $7.38 million in profits for Q1 2022, as earnings fall
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.
Stake of billionaire Strive Masiyiwa in Econet Wireless Zimbabwe Limited worth $121.13 million
Masiyiwa owns a total 52.85-percent equity stake in the publicly-traded company.
Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.
Ghanaian tycoon Papa Kwesi Nduom wins $29.36-million court case against Health Network Company
To the disbelief of the court, Health Network offered offered the companies a failed ₵2-million ($334,947) cheque.
$250-million stake in Kudakwashe Tagwirei-linked Kuvimba Mining House Limited was gift, Zimbabwe says
The stake was donated to support the government in its efforts to compensate evicted White farmers.
Stake of Ghanaian serial investor Patrick Kingsley-Nyinah in Ghana Oil Company now worth $4.48 million
GOIL is a state-owned oil and gas marketing company and Ghana’s only indigenous petroleum marketing firm.
South African billionaire Michiel Le Roux loses $173.59 million as Capitec Bank shares fall
Capitec is South Africa’s largest lender by number of customers and a leading global brand.
Kenyan businessmen Joe Wanjui and James Muguiyi sell UAP shares worth a total of $29.6 million
The transaction raised Old Mutual Holdings’ stake in UAP from 60.7 to 66.7 percent.
Neal Froneman’s Sibanye-Stillwater losses $1.43 billion after mine closure announcement
As of press time, its shares were trading 7.17-percent lower than its opening price for the day.
Malawian banking tycoon Hitesh Anadkat earns $764,000 from stake in Letshego Holdings
The $764,000-gain can be linked to a rise in the market value of Anadkat’s stake in Letshego Holdings.
Stake of Hyundai Automotive South Africa CEO Niall Lynch in Motus declines by $7.55 million
The $7.55-million loss came off the back of a sell-down in the company’s share.
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.