Wealthy Ben Yedder family of Tunisia gains over $3.6 million from stake in Ennakl Automobiles
Ennakl is a Tunisian automobile retailer engaged in the sale of cars under the Volkswagen, Audi, Seat and Porsche brands.
African Billionaires
Led by Adetayo Bamiduro, Nigerian mobility startup Max secures $31 million in Series-B round
The funding secured in the round will help the startup expand its operations across the continent.
Carbacid Investments looks to acquire Kenyan tycoon Ngugi Kiuna’s BOC Kenya
Due to legal and regulatory roadblocks, the finalization of the deal has now dragged on for more than one year.
Patrice Motsepe’s African Rainbow Minerals acquires Bokoni platinum mine for $220 million
Bokoni, which was founded in 1969, was previously called Lebowa Platinum.
Burkinabe tycoon Idrissa Nassa’s Coris Bank funds Kouroussa Gold mine in Guinea with $100 million
Nassa said the financing deal is a step further in its plan to help strengthen Africa’s mining industry.
Mauritian businessman Tim Taylor gains $1.8 million in 20 days from stake in CIM
Tim Taylor holds a substantial 9.27-percent stake in the Mauritian non-banking financial institution.
Led by South African tycoon Aisha Pandor, SweepSouth buys out Egyptian Filkhedma
SweepSouth is fondly referred to as the Uber of cleaning services.
Swazi billionaire Natie Kirsh gains $1.7 billion since start of year
One of Africa’s richest men, Nathan Kirsh holds the majority of his investments through his family-owned Kirsh Group.
Nigerian banking executive Remi Babalola resigns weeks after Femi Otedola increases stake in FBN Holdings
Experts believe Otedola could take over the helm as the bank’s chairman, or exercise some level of control over its administration.
Nigerian media mogul Nduka Obaigbena fights ban on running company in UK
A London judge has granted him permission to appeal the decision banning him from trading in the UK.
Egyptian billionaire Naguib Sawiris set to sell his majority stake in ‘struggling’ Euronews
The deal is expected to close in Q1 2022.
Pharma tycoon Stephen Saad gains $38 million as Aspen moves to produce COVID-19 vaccines
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Egyptian tycoon Hani Berzi gains $21.7 million as Edita shares hit five-month high
Berzi owns a 41.95-percent stake in Edita Food Industries, a leader in the Egyptian packaged snack foods market.
Ecobank, Proparco seize Mumias Sugar after tycoon Julius Mwale reveals plans to hire Dangote-connected firm
Mumias Sugar was once the largest sugar manufacturer in Kenya.
Mauritian businessman Arnaud Dalais loses $2.66 million in 34 days as CIEL Limited shares fall
CIEL is a Mauritian conglomerate with active operations and investments in over 10 emerging and developing economies.
South African billionaire Patrice Motsepe gains $224 million in three weeks as ARM shares soar
ARM is a leading South African diversified minerals company.