Led by Senegalese businessman Alioune Ndiaye, Sonatel loses $68.4 million in value in November 2021
Sonatel is a leading subregional telecom services provider in Africa and a subsidiary of Orange.
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Led by Alan Pullinger, FirstRand expects earnings to rise by at least 30 percent in H2 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Zimbabwean tycoon Strive Masiyiwa’s Africa Data Centers launches massive facility in Lagos
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group founded by Zimbabwe’s richest man.
South African billionaire Nicky Oppenheimer loses $280 million in single day
Oppenheimer has seen his net worth slump below the $8-billion mark in recent times.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group profit surges by 70 percent above $51 million in 9M 2021
I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.
Nigerian businessman Dahiru Mangal sells stake in Oando Plc in $24.1-million deal
Oando Plc is a Nigeria-based integrated energy solutions provider with diversified operations.
Son of Angola’s former president receives five-year sentence over $500 million in graft charges
Jose Filomeno dos Santos was found guilty alongside three others of fraud, embezzlement and influence peddling.
Mozambican tycoon Salimo Abdula’s kidnapped son rescued in South Africa
One of the alleged kidnappers has been arrested. The search is still underway to arrest the remaining kidnappers.
As shares rise ten-fold, Eric Thiam Sabate-led Ivorian Tobacco Company returns $152.6 million in gains
Societe Ivoirienne des Tabacs is known for popular Ivorian cigarette brands like Fine, Gauloises Blondes and Excellence.
Botswana tourism tycoon Jonathan Gibson loses $5.6 million as Chobe shares decline
Chobe operates 12 ecotourism lodges and camps on leased land in northern Botswana and the Caprivi Strip in Namibia.
Mauritian businessman Pierre Guy Noel gains $2.3 million in 2021 as MCB Group shares surge
MCB Group is Mauritius’ most extensive banking institution.
John Gachora-led NCBA Group reports 159-percent surge in earnings in 9M 2021
Gahora holds a total of 381,755 ordinary shares in the Kenyan financial services provider.
Ade Adeyemi-led Ecobank Group gets $113.2-million loan from EIB to support SMEs in Africa
Ecobank is the leading independent regional banking group in West and Central Africa.
Jeremy Awori-led Absa Kenya sees earning quadruple as profits surge above $73 million
Absa Bank Kenya, formerly Barclays Bank Kenya Limited, is a leading financial services provider in Kenya.
Kenyan startup founder Ken Njoroge’s Cellutant links up with ImaliPay to ease payments for gig workers
ImaliPay is a financial platform for digital workers co-founded by two Cellutant alumni.
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.