French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.
African billionaire
Moroccan billionaire Anas Sefrioui’s stake in Douja Promotion Groupe Addoha gains $61.2 million in 35 days
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.
Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400
The increase in the value of his shares took place over 23 days.
Africa’s wealthiest man Aliko Dangote partners with German association to train youths in Nigeria
The billionaire plans to replicate the youth empowerment initiative across Nigeria’s six geopolitical zones.
South African billionaire Stephen Saad’s stake in Aspen Pharmacare gains $168.9 million
Aspen is a global multinational pharmaceutical company.
British billionaire Fred Done beats out Mary Slack-Oppenheimer to acquire Betting World in South Africa
Done’s Betfred now has a controlling stake in struggling company.
South African investor Martin Slabbert sells $135.36 million in properties in East Sussex and Scotland
Slabbert’s MAS Real Estate is a leading South African property investor listed on the JSE.
Tea titan Baba Danpullo’s Nexttel appoints Benoit Yaoussou as first Cameroonian CEO
The appointment follows a heated crisis inside the company.
Energy magnate Adonis Pouroulis acquires Mauritius-based Africa Energy Management Platform
Pouroulis is the CEO of Chariot Oil & Gas.
Turkish security services admit to abducting member of influential Gulen family in Kenya
Salahuddin Gulen has turned up in Turkey after his abduction in May.
Nigerian multimillionaire Tony Elumelu dives into insurance business
Heirs Insurance and Heirs Life Assurance are the newest subsidiaries of his holding company.
Entrepreneur Tayo Amusan’s Ketron Investment acquires Shoprite Holdings’ operations in Nigeria
Shoprite Holdings has been reviewing strategic divestment options across the continent.
Fallen Kenyan mogul Bharat Thakrar sees stakes in WPP Scangroup rise $111,000 in 5 days
Bargain hunters recently drove up the company’s share price.
U.S. investor Jeffrey Stoops’ SBA Communications acquires Airtel’s tower operations in Tanzania
Airtel’s expansive tower portfolio will go for about $175 million.
Zimbabwe issues ultimatum to billionaire Alexander Machkevitch’s ERG
Eurasian Resources Group (ERG) is on the verge of losing its concessions in the country.
Ugandan businessman Abid Alam’s Kassanda Sugar Factory slated to launch production on Sept. 1
The factory will have a capacity of 1,500 tonnes per day.