Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.
African Billionaires
Multimillionaire banker Hitesh Anadkat earns $1.3 million as Letshego shares hit high
The gains came off the back of a resurgence in investor interest in the Botswana-based microfinance holding.
Mohammed Mounir led-Banque Populaire prepares to convert dividends into new shares
The group is a leading financial services company in Morocco with overseas offices.
Adil Douiri’s Mutandis posts $77.4-million mid-year revenue as Morocco’s beverage consumption rebounds
Compared with last year, the group’s revenues improved by one percent.
Egypt awards Maghagha wastewater treatment plant project to Hassan Allam Construction
The plant is part of the government’s strategy to improve sanitation services in rural areas.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Property tycoon Peter Kamya loses appeal to recover prime properties from Equity Bank Uganda
Kamya is an architect and the proprietor of Simbamanyo Estate.
Johann Rupert’s net worth surges by $590 million in 14 days Richemont’s sales rise
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
Kenyan investment banker Jimnah Mbaru gains $2.3 million in 94 days as Britam shares surge to 14-month high
The gains came off the back of a double-digit increase in Britam Holding’s shares.
Babs Ogundeyi’s Kuda Bank raises $55-million Series B, now valued at $500 million
Kuda Bank is a London-based, Nigeria-operating fintech company.
Javier Ferran-led Diageo increases stake in Tanzanian alcohol subsidiary, EABL
East African Breweries Limited has increased its stake in its Tanzanian subsidiary to 85 percent.
Ugandan tycoon Emmanuel Katongole’s stake in CiplaQCIL is worth $2.87 million
CiplaQCIL is a pharmaceutical company based in Luzira, a suburb of Kampala, the capital city of Uganda.
Neal Froneman’s Sibanye-Stillwater increases stake in global battery sector with Eramet SA deal
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.
Aliko Dangote’s cement company posts $476.3-million mid-year profit as sales surge
The profit represents a 51.9-percent growth when compared with last year’s figures.
Egyptian real estate tycoon Talaat Moustafa earns $99.2 million as TMG shares make sharp rebound
Moustafa founded the Egypt-based real estate holding in 1974.
Tanzanian billionaire Mo Dewji pays $8.6 million for 49-percent stake in Simba SC
Simba SC is a leading football club in East Africa and one of the two biggest clubs in Tanzania.