Heineken moves to acquire Johann Rupert-linked spirit maker, Distell Group, in deal worth $2.52 billion
In addition to acquiring Distell, Heineken will acquire Namibia Breweries and Ohlthaver & List.
African Billionaires
Africa’s wealthiest man Aliko Dangote loses younger brother, Sani Dangote
The death of the Nigerian industrialist has sent shock waves across Africa’s richest economy.
Sanctioned tycoon Kudakwashe Tagwirei joins deal to create financial behemoth in Zimbabwe
The post-merger entity to be created through the acquisition will rival Old Mutual Zimbabwe.
Adegoke Olubusi’s Helium Health acquires Qatar-based doctor booking platform, Meddy Inc.
Founded by Olubuisi and partners in 2016, Helium Health is a leading healthcare technology services provider in Africa.
South African billionaire Johann Rupert’s Richemont advances discussions to offload stake in loss-making YNAP
The development puts to bed rumors of a potential $100-million capital raise to bolster the YNAP’s operations.
Nigerian banking tycoon Tony Elumelu supports 4,949 Africans with $24.75 million in 2021
The entrepreneurs were selected from a pool of more than 400,000 applicants in 54 African countries.
Richest Black man alive Aliko Dangote now worth over $20 billion, net worth up by +$2.4 billion in 2021
So far this year, his personal net worth is up 13.6 percent, an average gain of $7.66 million per day.
Tunisian tycoon Moncef Sellami gains $8.6 million in 2021 as One Tech shares surge by 15 percent
One Tech Group is a global industrial player founded by Sellami in 1978.
Namibia’s Tromp family gains nearly $1 million from stake in Nictus Holdings
Nictus is a diversified investment holding operating the General Motors franchise in Namibia.
Ackerman family to pocket more than $2.9 million in dividends from South Africa’s Pick n Pay
Pick n Pay is South Africa’s second-largest retailer, with more than 2,000 stores in eight African countries.
Ghana’s wealthiest investor Daniel Ofori gains $4.4 million in 2021 from stake in Societe Generale Ghana
Societe Generale Ghana is Ghana’s fourth-largest commercial bank.
Kenyan tycoon Jimnah Mbaru loses more than $1.4 million as Britam Holdings shares retreat
Investors are stepping back from the company as it prepares to publish its financial results for 9M 2021.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l gears up to launch e-currency in Togo
CBI is a leading banking group in Burkina Faso, with active operations across Francophone Africa.
Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.
Led by affluent Moroccan Chaabi family, SNEP reports 14.8-percent increase in revenue
The Moroccan Chaabi family holds a majority 62.92-percent stake in SNE through Ynna Holding.
Vodacom Group acquires stake in South African billionaire Johann Rupert-linked investment holding
CIVH is a holding majority-owned by South African billionaire Johann Rupert’s Remgro Limited.