Startup founder Peter Njonjo’s Twiga Foods raises $50 million to scale food solutions across Africa
The agtech startup has so far raised more than $100 million in debt and equity financing.
African Billionaires
Edwin Kinyua-led East African Portland Cement rebounds in 2021 after significant losses last year
EAPC is a Kenya-based construction company specializing in cement sales and production.
Tunisian tycoon Mehdi Tamarziste loses $4.1 million in six months as UBCI shares slump from record high
UBCI is a commercial bank based in Tunis, Tunisia’s capital. It operates as a subsidiary of BNP Paribas.
South African billionaire Nicky Oppenheimer gains $220 million in October
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
Jens Montanana’s Datatec to pay shareholders $70 million in special dividend after Westcon loan repayment
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.
Nigerian media tycoon and politician Orji Uzor Kalu offers scholarships to med school students
The OUK Foundation is a non-profit that contributes to national development through critical interventions.
Moroccan financial services magnate Said Alj gains $1.85 million in two months as Saham Assurance shares surge
Saham Assurance is a Moroccan insurance group and an operating subsidiary of Sanlam Group.
Aliko Dangote’s cement group reports highest-ever 9M revenue, profit surges above $670 million
It is the largest figure since the leading cement group commenced operations about 40 years ago.
Gambling magnate Kessington Adebutu donates eye center to Nigerian university teaching hospital
The donation to the center in Ogun State was made through his philanthropic foundation.
Aliko Dangote’s salt-processing business reports $5.9 million in profit in 9M 2021
The Nigerian billionaire has received $1.6 million in dividends from the company since the start of 2021.
Kenyan banking tycoon Andrew Ndegwa loses $2.65 million in 60 days as NCBA shares slump
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
Johann Rupert’s Digital Realty joint venture acquires Nigeria’s Medallion Communications
Digital Realty is a U.S.-based real estate investment trust that invests in carrier-neutral data centers.
Tullow Oil names South African businessman Phuthuma Nhleko as chairman-designate
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.