Nigerian billionaire Abdul Samad Rabiu donates $9.72 million hospital to Nigerian Police
Rabiu said the hospital was conceived to provide world-class healthcare services to security operatives.
African Billionaires
Egyptian billionaire Yasseen Mansour’s Palm Hills plans to invest $242 million in 2022
The projected investment for the coming financial year represents a 52-percent increase from last year.
Controlled by Alaouite Royal Family of Morocco, Attijariwafa Bank reports surge in profits in 9M 2021
Attijariwafa Bank is a Moroccan multinational commercial bank and financial services conglomerate based in Rabat, Morocco.
Egyptian tech entrepreneur Ashraf Sabry loses over $10 million in 33 days
With a market capitalization of $1.38 billion, Fawry is one of Africa’s few tech companies worth over $1 billion.
Nigerian billionaire Femi Otedola confirmed officially as largest shareholder in First Bank
Otedola is resting pretty. He could now demand seats on the board, or even his appointment as chairman.
Johann Rupert’s Richemont in talks with Prada and Farfetch to launch online retail platform
Richemont recently disclosed that it is in talks to sell off a majority stake in the loss-making online retailer YNAP.
Zimbabwean billionaire Strive Masiyiwa’s Africa Data Centers secures $254.6 million to expand presence in South Africa
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group.
Zimbabwean businessman John Moxon’s Meikles delays unbundling of tea business
Tanganda Tea Company is Zimbabwe’s largest distributor of bulk tea and packaged tea.
Moroccan businessman Mohammed Abdeljalil-led Marsa Maroc posts $287.7-million revenue in 9M 2021
The group’s quarterly filings revealed that it delivered a resilient financial performance despite the pandemic.
Malagasy tycoon Hassanein Hiridjee’s Axian Group commits to $6-billion Actis energy fund
The investment highlights the group’s commitment to projects bolstering the global transition to renewable energy.
Zimbabwe’s wealthy Rudland family moves to take over Tongaat Hulett sugar producer
An entity controlled by the Rudlands entered into an agreement with Tongaat Hulett, committing to partially underwrite a rights offer.
Mauritian businessman Hector Espitalier-Noel to pocket $300,540 in interim dividends
ENL is a conglomerate managing a diverse portfolio of more than 120 global and homegrown brands.
Kenyan multimillionaire Gideon Muriuki’s Co-operative Bank Group reports $103.54 million in earnings
Co-op Bank Group is one of the largest financial institutions in East Africa.
South African billionaire and Capitec Bank Founder Michiel Le Roux gains $359.61 million in 2021
Le Roux is the founder of Capitec Bank, one of South Africa’s largest retail banks.
Joshua Oigara-led KCB Group posts $224.37 million in profit as earnings in 9M 2021 surge
KCB Group is one of East Africa’s largest commercial banking groups.
Moroccan tycoon Karim Benjelloun’s Disway reports $119.1 million in revenue despite chip shortages
The company reported a growth in revenue as chip shortages rock the global technology industry.