Fintech tycoon Dare Okoudjou’s MFS Africa acquires leading Nigerian fintech startup
The startup, Capricorn Digital, has an impressive footprint across Nigerian households.
African Billionaires
Namibian tycoon Koos Brandt to pocket $2.48 million in dividends from Capricorn Group
Capricorn Group is a financial services group with an operational footprint in Botswana and Zambia.
South African billionaire Oppenheimer family sets out to mine Asian economy
Their family office, Oppenheimer Generations, has opened an office in Singapore.
Strive Masiyiwa’s Liquid launches Asian-U.S. global Internet transit route through African coasts
In doing so, it has created a global Internet transit route that avoids high-risk bottlenecks in the Middle East and Europe.
Johann Rupert’s luxury goods producer Richemont in talks to offload loss-making YNAP
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Mauritian tycoon Arnaud Dalais gains $3.86 million in 20 days as CIEL Limited share price rises
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
Businessman Hassan Allam bags another irrigation project from Egyptian authorities
This comes a month after Egypt awarded Allam’s company a $220-million infrastructural deal.
Businessman Mohamed Frikha’s Syphax Airlines partners with Tui Russia to transport 50,000 tourists to Tunisia in 2022
Syphax Airline is a privately-held charter airline founded in 2011 by Tunisian businessman Mohamed Frikha.
Nigerian energy magnate Austin Avuru loses $5.9 million in 49 days as Seplat Energy shares take dive
Seplat Energy is a leading Nigerian independent energy company.
Here are 10 of the wealthiest tycoons in Kenya who you most likely don’t know
About 8,300 people in Kenya hold high-net-worth-individual status.
Strive Masiyiwa’s Econet Zimbabwe records increase in carbon emissions as power cut looms
Econet Wireless is an entrepreneurial technology group and the biggest telecom operator in Zimbabwe.
Zimbabwean billionaire Strive Masiyiwa’s Cassava Smartech posts $2.73-million loss in 2021
The tech company leverages digital and financial technologies to build shared economies.
Competition Authority of Kenya warns government against steel tycoon Narendra Raval’s clinker import proposal
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
Egyptian steel tycoon Ahmed Ezz gains $71 million in 21 days as Ezz Steel shares see double-digit surge
The steelmaker’s share price has surged due to investor cherry-picking activities on the Egyptian Stock Exchange.
Tunisian auto mogul Habib Essayeh gains $7.12 million in five months from stake in Euro-Cycles
Euro-Cycles is a Tunisian automotive company specializing in the production of bicycles for export.
Haresh Soni’s Nairobi Business Ventures acquires Delta Automobile, Delta Cement as part of $27-million deal
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.