Ugandan mogul Sudhir Ruparelia to redesign former military intel headquarters into business park
The Pearl Business Park is an 18-acre mixed-use facility that will host a five-star hotel, mall and modern hospital.
Latest
Market capitalization of Adonis Pouroulis’ Chariot is on the rise
Its market capitalization has gained $7.33 million after raising $16.5 million by issuing new ordinary shares.
Africa’s wealthiest billionaire Aliko Dangote earns $700 million in 34 days
Bloomberg revealed that his wealth rose from $16.7 billion to $17.40 billion from June 1 to July 5.
Egyptian real estate mogul Hisham Talaat Moustafa’s stake in TMG Holding gains $50.43 million
The group’s shares have risen after reports that it posted net profits of $28.48 million in Q1 2021.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
James Mwangi’s Equity Group Foundation commits $787,401 to support healthcare workers in Kenya
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
Global lenders team up with Stephen Saad’s Aspen on $711-million COVID-19 vaccine deal
The consortium hopes to help Africa avoid continued hoarding of COVID-19 vaccines by developed countries.
Kevin Okyere’s Springfield triumphs over Italian major ENI in court ruling over disputed oilfield revenues
Okyere welcomed the ruling as a “vindication of Springfield’s position.”
Ugandan tycoon Ham Kiggundu donates $150,000 to COVID-19 fight
Kiggundu presented the funds to Uganda’s newly appointed Prime Minister Robinah Nabbanja on Friday.
Swazi billionaire Nathan Kirsch’s Skyscraper Tower 42 doubles in value
In December 2011, Kirsch Group paid £238 million to acquire the 42-story building and surrounding units.
South African real estate moguls Martin Slabbert and Victor Semionov see stakes gain $21.099 million
The gains can be attributed to the recent surge in the company’s shares back to pre-pandemic levels.
Kenyan tycoon Naushad Merali passes away at age of 70
Merali died at 5:00 AM this morning while undergoing treatment for an undisclosed ailment at the Nairobi Hospital.
Gary Sharp’s crocodile-skin supplier, Padenga Holdings, eyes listing on Victoria Falls Exchange
The new bourse was established in October 2020 and trades solely in U.S. dollars.
Rebecca Mbithi plans to expand Family Bank after corporate bond trading on Nairobi bourse
The move comes after the bank raised $39 million against a $27.8-million target in its issued bond.
Moroccan real estate mogul Alami Lazraq gains $12.969 million from stake in ADI
Founded in 1994 by Lazraq, ADI is one of the largest home and hotel builders in Morocco.
French investor Thierry Deau’s Meridiam signs $179-million hydropower-plant deal with Gabon
Meridiam is a global investment and asset management company founded in 2005.