Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
African Billionaires
Influential Egyptian Mahmoud family gains $67.79 million from joint stake in MM Group in 77 days
The gains came off the back of a rise in the company’s share price.
With Maria Ramos at helm, AngloGold moves to buy out Canadian bullion miner Corvus Gold
The move will increase AngloGold’s precious metal reserves and build low-cost production.
Tunisian tycoon Moncef Sellami loses $3.49 million as OneTech shares retreat from nine-month high
OneTech is a Tunisia-based industrial player operating in the automotive, energy and industrial sectors.
Court threatens controversial Nigerian politician Stella Oduah in alleged $46.28-million fraud case
Oduah was brought to court by Nigeria’s Economic and Financial Crimes Commission.
Stake of South African senior executive Josua Malherbe in Remgro gains $1.51 million
Remgro is an investment holding founded by the South African Rupert family in the 1940s.
Stake of Egypt’s Elsewedy family in Elsewedy Electric falls by $162.21 million since early 2021
Elsewedy Electric is an Egypt-based joint-stock company established by the Elsewedy family in 1938.
Mauritian mogul Hector Espitalier-Noel to earn $1.24 million in dividends from stake in ENL Limited
ENL Limited is a holding company of ENL Group, a broad-based enterprise managing over 120 brands.
Philanthropist and banker Tony Elumelu launches Aura hospitality app on Nigerian market
The launch took place in Abuja on July 8 with national dignitaries in attendance.
Namibian tycoon Quinton van Rooyen sees $166.45-million loss as Trustco shares lose half their value
The $167.92-million loss can be linked to a sell-off in the shares of the investment holding.
Stake of banking tycoon James Ndegwa in NCBA Group gains $626,418 in 10 days
The gains occurred on the back of a rise in the company’s share price.
Israeli mining mogul Dan Gertler loses prized oil blocks in Democratic Republic of Congo
The DRC Hydrocarbons Ministry made the announcement.
Nigerian billionaire Abdul Samad Rabiu has given $29 million so far in 2021. Here’s how.
Rabiu is the sixth wealthiest man in Africa and the founder of BUA Group.
Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
Late Kenyan tycoon Chris Kirubi’s son-in-law appointed to Centum Real Estate board
Andrew Musangi is an experienced lawyer and husband to Mary-Ann Musang, Kirubi’s oldest daughter.
Zimbabwean telecom mogul Strive Masiyiwa partners with Facebook to build African fiber bridge
The partnership will improve Internet access for more than 30 million people in Central Africa.