Nigerian banking tycoon Herbert Wigwe’s Access Holdings receives CBN approval to launch payment subsidiary
Wigwe owns 4.26 percent of the pan-African conglomerate.
Billionaires Africa
Namibian tycoon Koos Brandt’s Capricorn Group posts $64 million in profit in 2022
Capricorn Group is a financial services conglomerate based in Namibia, Botswana, and Zambia.
French financier Proparco acquires shares in Mauritian magnate Dominique Galea-led insurer, MUA Ltd.
Proparco will become the regional insurance group’s largest investor.
Egyptian tycoon Ahmed El Sewedy’s electric company signs $21.5-million contract with EIPICO
The contract for the construction of EIPICO Factory 3 was signed through Rowad Modern Engineering.
South African tech tycoon Zak Calisto’s stake in Karooooo slumps by $106 million
Calisto founded Karooooo, a global mobility software as a service (SaaS) platform, in 2001.
Billionaire Robert Smith’s Vista Equity offers $4.22 billion to acquire Florida cybersecurity firm, KnowBe4
Vista Equity Partners has formed a special committee to oversee the acquisition.
Tanzanian billionaire Rostam Aziz acquires majority stake in Dar es Salaam-based aviation firm
Aziz’s arrival could increase competition in the industry.
Elon Musk’s SpaceX in talks with officials to launch satellite Internet in Zambia
SpaceX founder Elon Musk said he is excited about the opportunity.
Led by Egyptian magnate Abdallah Sallam, MNHD to execute $77.2 million construction works in Cairo
Sallam controls a five-percent stake in MNHD.
Led by wealthy Ivorian Billon family, Palmci’s market cap slumps by $58.9 million in 138 days
Jean-Louis Billon has been instrumental in the growth of Palmci.
Nigerian tycoon Herbert Wigwe to pocket $700,000 in interim dividends from Access Holdings
Access Holdings is Nigeria’s largest financial services group in terms of assets.
Africa’s second-richest man Johann Rupert loses $690 million in seven days
Despite his year-to-date wealth loss, Rupert remains not only one of Africa’s richest men, but also one of the world’s richest billionaires.
Mauritian businessman Pierre Guy Noel gains over $1 million in seven weeks
Noel owns 0.55 percent of Mauritius’ largest banking group, MCB Group Limited.
Senegalese-born TikToker Khaby Lame could earn as much as $10 million this year
Lame has become a global influencer in recent years.
Babs Ogundeyi-led Kuda Bank records over $14 million in losses in 2021
The loss has sparked a discussion about how well modern fintech firms are actually doing in Nigeria.
Kanye West’s Yeezy brand terminates deal with U.S. retailer Gap
Gap earlier made headlines for selling Yeezy products in its Times Square store.