Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
African billionaire
Late Kenyan tycoon Chris Kirubi’s son-in-law appointed to Centum Real Estate board
Andrew Musangi is an experienced lawyer and husband to Mary-Ann Musang, Kirubi’s oldest daughter.
Zimbabwean telecom mogul Strive Masiyiwa partners with Facebook to build African fiber bridge
The partnership will improve Internet access for more than 30 million people in Central Africa.
Nigerian billionaire Abdul Samad Rabiu to earn $157.02 million in dividends from BUA Cement
The Nigerian cement tiger has a market capitalization of $5.85 billion on the Nigerian Stock Exchange.
Abdul Samad Rabiu’s BUA Cement declares $170-million dividend payout for shareholders
BUA Cement is Nigeria’s second-largest cement producer and one of Africa’s biggest cement companies.
Stake of Zimbabwean mogul John Moxon gains $1.7 million as investors bid Meikles shares to all-time high
Meikles has seen its share price surge by 30 percent in 37 days.
AfDB teams up with Nigerian banking mogul Subomi Balogun to support women-led businesses
The AfDB is allotting 30 percent of the funds to women-empowered businesses in Nigeria.
Shares of Herbert Wigwe’s Access Bank are up by $82 million following South Africa unit launch
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
Steve Curtis makes plans to list Caledonia Mining Corporation on Zimbabwe’s new Victoria Falls bourse
The move would see Caledonia reinforce its commitment to Zimbabwe, the home of its Blanket gold mine.
Jasper Hardenberg’s Daystar Power secures $20 million from IFC for expansion in Nigeria
The funding will help the power company expand its Nigeria operations.
DP World acquires Phumzile Langeni’s Imperial Logistics
The move significantly strengthens its presence on the African market.
Stake of Namibian financial services tycoon Koos Brandt in Capricorn Group gains $18.75 million
Earlier this year, shares in Capricorn fell sharply on the Namibian Stock Exchange.
Stake of Botswana tycoon Farouk Ismail in Choppies, Far Property now worth $38.74 million
The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.
Equity stake of Babla family in Kenya Commercial Bank now worth $22.3 million
The family, who relocated to Kenya from Tanzania in 1936, is a leading investor in KCB Group.
Stephen Saad’s stake loses $29.31 million as Aspen shares retreat from two-year high
Shares in Aspen Pharmacare have been on a downward trend recently.
New AngloGold Ashanti CEO Alberto Calderon dispels gold merger rumors
Some was thought Sibanye-Stillwater, Gold Fields and AngloGold Ashanti could merge to create a global gold mining leader.