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.
African billionaire
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.
Egypt’s richest billionaire Nassef Sawiris earns $370 million in 13 days
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
Laurin Hainy’s fintech startup FairMoney raises $42-million Series-B round
This follows an $11.8-million Series-A round raised in 2019 and a $1.4-million seed fund raised in 2018.
Tony Elumelu’s stake in Transcorp Plc gains $224,993 in 93 days
Elumelu is the chairman of Heirs Holdings, the United Bank for Africa and Transcorp.
Nigerian billionaire Abdul Samad Rabiu gifts $4.9-million share bonus to employees
Rabiu is donating the shares from his own stake to acknowledge workers who kept BUA Cement profitable in 2020.
Tycoon philanthropist Tony Elumelu looks to build Nigeria’s first nuclear power plants
The move aligns with the plans of his company, Transcorp, to boost its integrated energy strategy.
Multichoice loses $578.69 million after acquiring additional stake in Adekunle Adeniji’s BetKing
Multichoice Group offered $281.5 million for the stake in BetKing.
South African billionaire Johann Rupert loses $440 million in June
The decline followed a drop in the value of his stakes in Reinet Investment and Remgro Limited.
Jim Ovia’s Zenith Bank retains spot as Nigeria’s top tier-1 capital bank
Zenith topped the list of Nigerian banks in a global ranking published by The Banker Magazine.
Douglas Stevenson-led Cell C seeks bailout from RMB and Investec
Cell C is South Africa’s fourth-largest mobile phone operator.
Namibia’s Tromp family to earn $467,194 in dividends from Nictus Holdings
The diversified investment holding operates the General Motors franchise in Namibia.
Rio Tinto CEO Jakob Stausholm pauses South Africa operations due to safety concerns
Last month, an employee at the company’s mine in South Africa was shot dead on his way to work.
Ukrainian tech investor Anton Volyansky’s classifieds marketplace, Jiji, acquires Cars45
The move will grant the company entry into transactional marketplaces.
Stake of Kenyan advertising mogul Bharat Thakrar in WPP Scangroup loses $342,170 in 61 days
The decline comes on the back of a sell-down in the marketing and communications company’s shares.