Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
African billionaire
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.
South African billionaire Michiel Le Roux’s stake in Capitec Bank soars as shares surge on local bourse
The star banker’s ownership stake has surged by about $250 million since April 13.
Olalekan Olude’s Jobberman partners with Nigerian Youth Service Corps to train 120,000 youth yearly
The youths will be trained in soft skills to enhance their employability.
South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
Locals demand safer operations from Bahamas-based businessman James Longshore’s Xtra-Gold
Several communities in Ghana claim the company’s subcontractors fail to keep mining sites safe.
NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.
South African billionaire Koos Bekker loses $111.1 million as Naspers’ shares decline
The drop occurred after its Dutch subsidiary Prosus announced plans to acquire Naspers shares.
Nigerian gambling magnate Kessington Adebutu, daughter pocket $1.22 million in Wema Bank dividends
Adebutu is expected to earn $1.05 million, while his daughter is on course to earn $169,965.
Nigerian entrepreneur Abdul Hassan’s Mono raises millions to power Internet economy
The Nigerian fintech startup Mono has closed a $2-million deal in a seed funding round.