Ade Adeyemi-led Ecobank Group gets $113.2-million loan from EIB to support SMEs in Africa
Ecobank is the leading independent regional banking group in West and Central Africa.
African Billionaires
Jeremy Awori-led Absa Kenya sees earning quadruple as profits surge above $73 million
Absa Bank Kenya, formerly Barclays Bank Kenya Limited, is a leading financial services provider in Kenya.
Kenyan startup founder Ken Njoroge’s Cellutant links up with ImaliPay to ease payments for gig workers
ImaliPay is a financial platform for digital workers co-founded by two Cellutant alumni.
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.
Gideon Muriuki’s Co-operative Bank of Kenya secures $56.4-million EU loan to support SMEs
The facility will be used to provide capital and long-term local currency loans to businesses hit by COVID-19.
Investors could have ‘cashed in big’ by buying shares in South African mogul Johann Rupert’s Richemont
A $10,000 investment in Richemont on Dec. 31 2020 is worth $18,372 today.
Ghanaian executive Ebenezer Asante’s stake in MTN Ghana now worth $1.56 million
MTN Ghana is the largest telecom operator in Ghana, with a total subscriber base of 25.2 million.
Nigerian private equity titan Temitope Lawani to pocket $39.1 million in $2.3-billion Vitol acquisition deal
Vivo Energy is a British downstream petroleum company.
Tunisian tycoon Habib Essayeh gains $8.4 million in 2021 as shares in Euro Cycles surge by 32-percent
Euro-Cycles is a Tunisian automotive company specializing in the production of bicycles.
Moroccan real estate tycoon Alami Lazraq’s Alliances Group posts $37.2 million in revenue in Q3 2021
Alliances Group is Morocco’s largest home and hotel builder.
Honeywell Flour Mill gains $12.57 million as Greek tycoon John Coumantaros makes acquisition move
Honeywell Flour Mills is a leading flour and pasta product manufacturer in Nigeria.
Botswana retail moguls Farouk Ismail, Ramachandran Ottapathu increase stake in Choppies
Choppies is a Botswana-based investment holding operating in the retail sector in Southern Africa.
Egyptian steel magnate Ahmed Ezz loses $81 million in four weeks as Ezz Steel shares slump
Ezz Steel is the largest independent steel producer in the Middle East and North Africa.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $268.1 million in net profit in 9M 2021
Bank of Africa is a multinational pan-African banking conglomerate with operations in 18 African countries.
Egyptian tycoon Hani Berzi’s Edita Food Industries moves to acquire Egyptian Belgian Company
Edita Food Industries is a leader in the growing Egyptian packaged snack foods market.
Nigerian banker Jim Ovia gains $17.93 million in two months as stake in Zenith Bank surges
Ovia is the founder of Zenith Bank, a Lagos-based banking group and Nigeria’s most profitable financial services company.