Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
African Billionaires
Mauritian businessman Guillaume Dalais to earn $158,600 in interim dividend from CIEL Limited
The dividend will be paid from the group’s full-year profits of $10.45 million for the period ending June 30.
Ghanaian businesswoman Roberta Annan launches $115.8-million fund to invest in African fashion enterprises
Annan is the founder of the African Fashion Foundation Annan Capital Partners.
Kenyan billionaire David Langat and family dragged to court over $152,000 travel debt
The plaintiff claims that they flew around the country and abroad for a year and now refuse to pay the bill.
Nigerian billionaire Benedict Peters’ Aiteo Group sues Shell over sale of OML-29 operating license
Aiteo Group has sued Shell for more than $2.5 billion over the ownership status of the OML-29 block.
African Judo Union President: ‘Businesses must support sport. It has the power to change the world.’
MP and AJU President Siteny Thierry Randrianasolo-Niaiko is one of Madagascar’s most dynamic public figures.
Obafoluke Otudeko wins twice on Nigerian Exchange as stake in First Bank gains $3.2 million in 10 days
The multimillion-dollar gain in Otudeko’s stake can be linked to price movements in the lender’s shares.
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
Sam Darwish’s IHS Towers makes moves to erect and lease telecom towers in Egypt
IHS Towers is a Nigeria-based telecommunication infrastructure company, operating internationally.
South African businessman Hendrik Jordaan’s 1K1V acquires $13.5-million stake in DigiCo
DiGiCo is an investment holding providing integrated technology services to the telecom sector.
Google CEO Sundar Pichai announces plans to invest $50 million in African startups
He made the announcement while speaking at a virtual event on Oct. 7.
Ugandan multimillionaire Charles Mbire in high spirits as MTN IPO looms
MTN Uganda has been operating in Uganda since 1998 when it acquired a 20-year license.
Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport
French officials arrested him at Le Bourget Airport in Paris carrying a large amount of undeclared cash.
Nigerian Export Promotion Council teams up with Tony Elumelu to support local entrepreneurs
Their joint initiative will aim to support small and medium enterprises in the non-oil sector in Nigeria.
Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
Former Steinhoff International CEO Markus Jooste gains $7.4 million in three months
Steinhoff is a South African-German-Dutch global retail holding dual-listed in Germany and South Africa.