U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
African Billionaires
Moroccan tycoon Karim Benjelloun gains nearly $3 million in three months as Disway shares surge
Disway is Morocco’s first technology distributor and a leading computer hardware distributor in the Maghreb region.
Vivienne Yeda-led Kenya Power rebounds from losses, profit soars above $13 million in H1 2021
Kenya Power transmits, distributes and retails electricity to customers throughout Kenya.
Ham Serunjogi’s Chipper Cash gets $2-billion valuation with $150-million Series-C round
The cross-border payment platform offers mobile-based, fee-less, peer-to-peer payment services in Africa.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil acquires majority stake worth $26.1 million in Eterna
Founded in 1997, Rainoil is a prominent player in the Nigerian oil industry.
Telecom magnate Strive Masiyiwa’s Liquid partners with Orange to improve connectivity in Africa
Liquid will gain access to Orange’s West African infrastructure, particularly Djoliba.
Jim Ovia’s Zenith Bank records one-percent growth in profit before tax for 9M 2021
Zenith Bank is a large financial services provider in Nigeria and Anglophone West Africa.
Sunil Bharti Mittal’s Airtel Africa signs partnership with UNICEF to accelerate digital learning across Africa
Airtel Africa is a leading telecom and mobile money services provider in Africa, with a presence in 14 countries.
Egypt’s richest man Nassef Sawiris gains $80 million in October, as Adidas shares close in positive territory
The billionaire’s net worth climbed from $6.79 billion at the start of the month to $6.87 billion at its close.
Hazem Hegazy-led Al Baraka Bank Egypt suffers single-digit decline in earnings, net profit falls below $65 million in 9M 2021
Al Baraka Bank Egypt SAE is an Egypt-based commercial bank providing retail, corporate and investment banking solutions.
Nigerian billionaire Mike Adenuga’s petroleum company posts $3.9 million in profit for 9M 2021
Conoil is a Nigerian petroleum marketing company, operating under the leadership of billionaire Mike Adenuga.
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.
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.