‘We won’t reopen Keroche,’ KRA replies to Kenyan liquor tycoon Tabitha Karanja
The Kenya Revenue Authority (KRA) said it is demanding full accountability from Karanja.
African Billionaires
South African billionaire Johann Rupert has now lost $3.15 billion since beginning of 2022
However, Rupert still remains South Africa’s second-richest man.
African-American billionaire Shawn ‘Jay-Z’ Carter gains over $300 million since LVMH deal in 2021
Jay Z’s assets include Roc Nation, stakes in Armand de Brignac and D’Usse cognac, and a fine art collection.
South African billionaire Christo Wiese’s Brait SE moves to list food business, Premier
The listing will take place as soon as more favorable stock market conditions permit.
Consortium comprising Egyptian tycoon Hassan Allam’s company invests $1.5 billion in Egyptian wind power plant
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Tanzanian billionaire Mohammed Dewji looks to raise $1 billion to expand empire
Dewji, Tanzania’s richest man, is the CEO of MeTL Group, one of East Africa’s largest business groups.
South African property tycoon Sisa Ngebulana to build new housing development in sleepy coastal town
Ngebulana’s Billion Group plans to build a mixed-use affordable housing complex in the East Coast Crossways area in Kwelerha.
Tayo Amusan’s Ketron Investment receives $8.4 million from Nigeria’s Bank of Industry
Ketron is a wholly-owned subsidiary of Persianas Limited.
James Mwangi’s Equity Group funds Kigali Financial Towers with $100-million investment
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Cameroonian businessman Paul Fokam’s Afriland faces financial accusations in DRC
Minority and majority shareholders of the bank’s DRC subsidiary are having it out.
Moroccan tycoon Adil Douiri loses $2.6 million in 19 weeks as shares in Mutandis slump
Douri owns a 6.88-percent stake in the Moroccan consumer goods firm.
South African mogul Adrian Gore’s Discovery Bank hits 1 million customers two years after launch
Discovery Bank is a subsidiary of Discovery Group, a South African financial services conglomerate.
Aliko Dangote receives $704.1 million in Dangote Cement dividends
Dangote owns an 86-percent stake in Dangote Cement, Africa’s largest cement producer.
Kenyan tycoon Tabitha Karanja says Keroche’s revenue has fallen below $1 million due to shutdown
Karanja complained that it is unbearable to witness the loss of over 400 jobs.
Egyptian businesswoman Hend El-Sherbini loses $15 million in 10 weeks from IDH
IDH is one of the Middle East and Africa’s leading consumer healthcare groups.