Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
African Billionaires
Nigerian banker Herbert Wigwe gains $6.5 million as Access Bank shares surge
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
Ernest Ndukwe-led MTN Nigeria wants to invest $1.46 billion to expand network infrastructure in country
MTN Nigeria is a subsidiary of the South African multinational telecom giant MTN Group.
Somali multimillionaire businessman Ismail Ahmed seeks funding at $5-billion valuation
WorldRemit is a cross-border digital payments platform that provides money transfer services.
Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Zimbabwean senior executive Ralph Mupita earns $2-million compensation from MTN in 2020
Mupita became president and CEO in September 2020.
Patrick Tumbo-led Sanlam Kenya records $2.66-million loss in first half of 2021
COVID-19-induced disruptions its exposed insurance assets and investments to emerging risks.
Junaid Wahedna launches Islamic fintech platform Wahed in South Africa
Wahed is an online ethical investment platform and the world’s first global robo-advisor.
Businessman Piet Mouton gains $125 million in 32 days as Capitec shares surge to all-time high
Capitec is South Africa’s largest lender by number of customers.
Nigerian tycoon Oba Otudeko’s flour milling business accrues 94-percent gain in two weeks
Honeywell Flour Mills is an integrated flour milling company.
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.
Joshua Oigara-led Kenya Commercial Bank Group posts $139.7-million mid-year profits
Earnings surged by more than 100 percent in the first six months of 2021.
Nigerian tycoon Theophilus Danjuma acquires additional 60-percent controlling stake in BOC Gases
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.
Karim Awad-led EFG Hermes posts $48.09-million mid-year profits thanks to robust performance
EFG Hermes Holding is an Egyptian financial services company.
Nigerian court restrains AMCON from further actions against tycoon Jimoh Ibrahim
Ibrahim is the group managing director of NICON Insurance and Nigeria Re.
South African CEO Mark Blair takes home $1.26 million, sees bump in earnings from Mr Price Group
Mr Price Group is a listed retail company in South Africa.