South African billionaire Johann Rupert-linked SEACOM partners with BT Group
Seacom is privately funded and 75 percent African-owned.
Billionaires Africa
Malagasy tycoon Hassanein Hiridjee says Africa needs to invest in clean energy transition
Hiridjee is one of Madagascar’s wealthiest and most powerful business leaders.
South African tech tycoon Zak Calisto gains $166 million in four weeks
Calisto is one of Africa’s richest tech entrepreneurs.
Abu Dhabi-based Chimera acquires controlling stake in financial services provider linked to Egypt’s richest family
It is unclear how much of the 59.22 percent stake held by Orascom Financial Holding, a firm led by the billionaire Sawiris family, was acquired during the transaction.
Ardova dismisses winding-up order, as Femi Otedola’s Zenon serves majority shareholder petition over $6-million debt
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
Nigerian billionaire Abdul Samad Rabiu and son receive $151.6 million in dividends from food business
Just three weeks ago, the Nigerian billionaire received a massive $208-million dividend from BUA Cement.
Africa’s richest man Aliko Dangote loses $863 million in single day
Dangote’s net worth has dropped from nearly $20 billion to just $19 billion in the past 24 hours.
South African billionaire Patrice Motsepe’s net worth slumps by $400 million as rand tumbles
Despite his declining net worth, Motsepe remains one of South Africa’s richest men.
Business as usual as St. Kitts and Nevis choose a new prime minister and a majority government
The Fairway Group expects a smooth and seamless transition under the new government.
Namibian tycoon Quinton van Rooyen’s Trustco wins round in court against JSE
Shares in the group rose 35.56 percent as a result.
Ugandan tycoon Charles Mbire to pocket $1.15-million interim dividend from MTN Uganda
Mbire owns a significant 3.98-percent stake in the Ugandan telecom outfit.
Billionaire Robert Smith’s Vista to acquire Avalara business software for $8.4 billion
Smith directs Vista’s investment strategy.
Led by Kenyan founder Owen Sakawa, AI-powered startup Elloe acquires Flo by Saada
Elloe was founded in 2021 by Sakawa, Abhijay Rao, and Aaron Madolora.
Nigerian president approves acquisition of ExxonMobil assets by oil tycoon Bryant Orjiako’s Seplat Energy
Seplat Energy is an independent oil and gas company.
Controlled by Kenyan tycoons, Britam Holdings hints at sale of HF Group stake
Britam has classified its 48.2-percent stake in HF Group as held for sale.
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.