Moroccan tycoon Adil Douiri’s Mutandis posts $42 million in revenue in Q1 2022
The market value of Douiri’s 6.88-percent interest in Mutandis is assessed at $15.36 million.
African Billionaires
Investors looking to acquire Aliko Dangote’s cement firm must make at least $13-billion offer
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
Tech and the future of African business
Growth in Africa’s tech sector has been stratospheric in recent times.
Ethiopian billionaire Mohammed Al-Amoudi falls from world’s 367th to 406th richest man
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
Nigerian lawyer Tola Onayemi’s Norebase raises $1 million in pre-seed funding
Onayemi founded Norebase in 2019.
Moroccan billionaire Alami Lazraq gains $42.2 million from stake in Casablanca-based home builder
Lazraq is one of Morocco’s wealthiest businesspeople.
South African billionaire Nicky Oppenheimer to pocket $2.37 million in IDH dividends
His net worth has risen by more than $675 million since the year began.
Tanzanian billionaire Rostam Aziz, AXIAN Group to invest $430.2 million in MIC Tanzania
Aziz had a net worth of $900 million in 2015.
South African billionaire Stephen Saad’s Aspen could cut COVID-19 vaccine capacity
Saad controls a 12.5-percent stake in the leading drug company.
Egyptian mogul Ahmed Ezz gains $35.3 million in 19 days from stake in steelmaker
Ezz is one of the wealthiest men in Egypt.
Zimbabwean mogul Paddy Zhanda gains over $1.5 million from Masimba in 71 days
Masimba Holdings is a well-established Zimbabwean group.
South African businessman Justin Coetzee’s GoMetro raises $1 million in seed extension round
GoMetro was founded in 2012 as South Africa’s first real-time public transportation information system.
Led by Ghanaian tycoon, Samuel Jonah, Helios Towers posts $127.5 million in revenue in Q1 2022
Its revenue rose by 23 percent to $127.5 million.
Mauritian Doger de Speville family loses $1.25 million in 78 days
The family controls a 12.8-percent stake in Medine Limited, worth almost $20 million.
Ivorian banker Niamkey Isidore Tanoe launches financial holding, Majoris Financial Group
The move comes weeks afterTanoe was replaced as CEO of Atlantique Finance.
South African mogul Jens Montanana’s Datatec acquires Northern Sky Research
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.