Egyptian billionaire Yasseen Mansour’s stake in property developer Palm Hills worth over $18 million
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
African Billionaires
Zimbabwean tycoon Kudakwashe Tagwirei loses lucrative e-passport deal
CBZ Bank had earlier bagged a deal that would see it pocket $20 for every e-passport application in Zimbabwe.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
Nigerian tech entrepreneurs Chukwudi Enyi, Moses Nmor’s Bfree raises $1.7 million in pre-seed funding
Bfree deploys strategic solutions to increase repayment rate on loans through the use of tech tools and data from credit institutions to predict customers’ risk profiles.
Nigerian banker Herbert Wigwe gains $2.3 million in two weeks
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
Wealthy Rai family of Kenya set to launch $44-million sugar plant
The Naitiri Sugar plant owned by the wealthy Rai family of Kenya is set to commence operations before the end of Q1 2022.
South African tycoon Piet Mouton gains $32.7 million from Capitec Bank first week of 2022
Capitec is one of South Africa’s largest lenders by number of customers.
Egyptian businessman Wael Olama’s e-commerce fashion startup Gahez raises $2 million in pre-seed funding
The $2-million round funding was led by Disruptech Ventures, a $25-million VC fund.
John Kimani-linked Kakuzi expects earnings to fall by 25 percent in 2021
Kenyan media mogul John Kimani who holds a governance role in Kakuzi, is the firm’s largest shareholder with a 32.3-percent stake.
Indian tycoon Sunil Bharti Mittal’s Airtel Africa reaches all-time high as capitalization soars above $9.5 billion
Airtel Africa is a leading telecom and mobile money services provider with a presence in 14 countries in Africa.
South African executive Alan Pullinger acquires additional stake in FirstRand worth $1.84 million in 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
Ghanaian tech entrepreneur Gregory Rockson’s mPharma secures $35 million in Series-D funding
mPharma manages inventory for mom-and-pop pharmacies across Africa.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
Egyptian construction mogul Hassam Allam bags contract to build country’s first vertical-lift bridge
Found in 1936, Hassam Allam Holding is one of the largest privately owned corporations in Egypt, the Middle East and North Africa.
Zimbabwe’s richest man Strive Masyiwa gains $10.3 million in first five days of 2022
The gains come off of a surge in the market value of his stake in Cassava Smartech.