U.S.-sanctioned Zimbabwean billionaire Kudakwashe Tagwirei donates $170 million to state for COVID-19 vaccines
Sakunda Holdings claims the effort will help the state mitigate the effects of COVID-19 in the country.
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Congolese billionaire Paul Obambi to start $1-billion railway project in Congo Brazzaville
The project will link the southwestern town of Mayoko to a seaport at Pointe-Noire.
Stake of Egyptian businessman Safwan Thabet in Juhayna Food Industries gains $44.42 million
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.
Aliko Dangote receives five road contracts as tax credit from Nigeria
The contracts fall under the state’s road infrastructure tax credit policy.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.
Neal Froneman’s Sibanye-Stillwater likely to shut down South African gold mines in next decade
The closure will most probably occur due to low returns as it becomes harder to exploit aging assets in the country.
Mauritian tycoon and investor Arnaud Dalais earns $2.14 million in 14 days from his stake in CIEL Limited
The rise in the market value of his shares occurred on the back of sustained bullish sentiment in the company.
Indian angel investor, Unbound Founder Shravin Mittal loses $101.78 million in 76 days in Airtel Africa
The loss occurred as investors repriced shares after new SIM registration regulations were introduced in Nigeria.
Kenyan banking tycoon Suresh Bhagwanji Shah loses $4 million as I&M Holdings shares dip
The decline occurred as investors sold down the bank’s shares, leading to a double-digit dip in the share price.
South Africa-born billionaire Morris Kahn to donate $70 million to Israel’s SpaceIL project
SpaceIL is a nonprofit Israeli organization established in 2011.
Emirati businessman Saleh Al Hashemi looks to help African startups link up with global opportunities
Investera hopes to guide foreign investors seeking to invest locally and link indigenous firms with global opportunities.
Nigerian gambling magnate Kessington Adebutu earns $6.59 million in 23 days from stake in Wema Bank
Shares in the bank have surged by 45 percent since June 21, as bargain hunters continue to acquire stakes in the bank.
South Africa’s Oppenheimer family to earn $990,552 in dividends from UK-based IDH
IDH is a leading healthcare provider with an operational footprint in the Middle East and Africa.
South African billionaire Johann Rupert’s Sunshine Tour teams up with European Tour
The Sunshine Tour is a men’s professional golf tour based in Southern and East Africa.
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
Influential Egyptian Mahmoud family gains $67.79 million from joint stake in MM Group in 77 days
The gains came off the back of a rise in the company’s share price.