UPS partners with French businessman Jeremy Hodara’s Jumia Technologies to expand logistics services in Africa
UPS customers will be able to pick up or drop off packages for global shipping at Jumia locations in Africa.
African Billionaires
Led by South African Ackerman family, Pick n Pay reports $6.67 billion in revenue
The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom closes acquisition of Milicom’s operations in Tanzania
The deal fits perfectly with AXIAN Telecom’s ambitious growth plan.
South African businessman Alan Pullinger gains $5.4 million from stake in FirstRand
The $5.46-million surge can be linked to the year-to-date surge in the share price of FirstRand Limited on the Johannesburg Stock Exchange.
Forty-year-old Nigerian-born businessman Tope Awotona becomes billionaire
His $1.4-billion stake in Calendly makes him the world’s eighteenth Black billionaire.
Dubai Future Foundation collaborates with Johann Rupert’s Richemont to create new luxury retail solutions
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
Kenyan tycoon Jimnah Mbaru loses over $1.35 million in 95 days as Britam shares fall 10 percent
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Algeria’s richest man Issad Rebrab moves to shut down French-speaking press company, Liberte
Rebrab is the founder and owner of Cevital, the country’s leading private group.
Nigerian serial founder Sim Shagaya’s Konga signs deal with Airtel to expand digital retail in Nigeria
Konga was founded in 2012 by Shagaya, a 45-year-old Nigerian technopreneur and serial investor.
Swazi billionaire Natie Kirsh is now richer than U.S. billionaires David Sun, John Tu
Kirsh’s net worth has risen by $215 million since the start of the year, from $8.27 billion to $8.49 billion.
South African businessman Johan Burger gains $7.55 million, as FirstRand shares surge by 26 percent
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Egyptian tycoon Hani Berzi’s Edita Food Industries launches first overseas production facility in Morocco
The new facility will be run by Edita’s Moroccan subsidiary, Edita Food Industries Morocco.
Egyptian billionaire Yasseen Mansour’s Palm Hills to reward shareholders with $16.7-million dividend
Mansour will receive a total payout of $835,000 from the dividend distribution.
Family office locations, does Africa have potential?
In recent years, the global wealth sector has seen an upward trend in family offices.
Billionaire Royal Family of Morocco loses $270 million from stake in Attijariwafa Bank
The Alaouite Royal Family owns a 45.3-percent stake in Attijariwafa Bank.
Namibia’s richest investor Quinton van Rooyen loses $24 million from stake in Trustco Group
His net worth increased by $29 million in the first week of 2022.