Uganda’s richest man Sudhir Ruparelia regains control of Crane Bank
Ruparelia had a net worth of $1.1 billion in 2012.
African Billionaires
Nigerian MMA fighter Israel Adesanya earns $1.54 million in first fight under lucrative contract with UFC
Adesanya remains undefeated in the UFC middleweight division.
South Africa’s richest man Johann Rupert gains $400 million in 18 days
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.
Jailed Angolan tycoon Carlos Sao Vicente’s $900-million embezzlement trial begins in Luanda
Vicente was once a prominent figure in Angola’s oil industry.
WPP Scangroup appoints Patricia Ithau to replace fallen Kenyan mogul Bharat Thakrar as CEO
Her appointment comes a year after Thakrar stepped down as CEO.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom launches $420-million bond
Hiridjee said the transaction’s success reflects AXIAN Telecom’s resilient business model.
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
Patrice Motsepe, Johann Rupert-linked SEACOM to acquire Africell Uganda assets
The move by SEACOM represents a significant step forward in its five-year strategic expansion plans.
Nigeria’s second-richest man Abdul Samad Rabiu loses more than $180 million in 28 days
BUA Foods is a consolidated food business controlled by Rabiu, who owns 99.8 percent of the business.
Egyptian tycoon Ahmed El Sewedy’s electric company posts $224.5 million in profit in 2021
El Sewedy said the group finished the year with strong performance across all of its operating segments.
Led by Kenya-based entrepreneur Jit Bhattacharya, BasiGo receives $4.3 million in seed funding from investors
BasiGo aims to make East Africa a global leader in clean, affordable electric bus transit.
UAE’s largest bank offers to acquire majority stake in Karim Awad-led EFG Hermes
The proposed transaction is FAB’s second major transaction in Egypt.
Led by Ukrainian entrepreneur Anton Volianskyi, Jiji acquires Ghana’s leading online marketplace, Tonaton
Volianskyi founded Jiji in Lagos in 2014, and it has since grown to become one of the continent’s leading online marketplace.
Moroccan tech tycoon Karim Benjelloun’s Disway sees over $193 million in revenue in 2021
Disway’s market cap is $150.3 million, while Benjelloun’s 7.36-percent stake is worth $11.1 million.
Mauritian tycoon Hector Espitalier-Noel’s New Mauritius Hotels posts $12.5 million in profit
The pioneer and leader of the Mauritian tourism industry posted impressive results for Q2 2022.
Is collaborative giving the future of impact on the continent?
One of the critical strategies that large donors in Africa use is collaboration.