Egyptian billionaire Nassef Sawiris recovers from deficits as net worth exceeds $6.6 billion
With a total net worth of over $6.6 billion, Sawiris remains the richest man in Egypt and the 389th richest man in the world.
Billionaires Africa
Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
Strive Masiyiwa’s Liquid Intelligent acquires fiber pair on Google’s Equiano subsea cable
Liquid Intelligent Technologies is a pan-African technology group.
Kenyan businessman Joshua Oigara’s KCB Group receives approval to merge Rwandan units
The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
South African entrepreneur Lexi Monzeglio’s Lexi’s Healthy Eatery completes deal to sell stake to Famous Brands
Monzeglio founded Lexi’s Healthy Eatery in 2018.
Kenyan tycoon John Kimani gains $2.2 million from Kenya-based agro-allied company
With stakes worth more than $20 million in Kakuzi, Kimani is one of the richest investors on the Nairobi Stock Exchange.
U.S. resort firm, Vail, acquires majority stake in Swiss resort firm linked to Egyptian billionaire Samih Sawiris
Switzerland-based mountain resort company, ASA is majority-owned by Samih Sawiris.
South African financial services group, Absa Group, appoints Arrie Rautenbach as CEO
Rautenbach has been with Absa since 1997.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts all-time record profit in 2021
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Moroccan businesswoman Lamia Tazi loses $7.1 million from stake in pharmaceutical company, Sothema
Sothema has grown into a leading pharmaceutical company in Africa and the Middle East.
Egyptian founder Mostafa Kandil’s Swvl partners with Moove to deliver EVs in MENAP region
The agreement comes nearly two weeks after Moove raised $105 million from institutional investors.
Local contractors accuse Nigerian billionaire Mike Adenuga’s Conoil of failing to pay debts
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
Herbert Wigwe’s Access Bank completes transformation into Access Holdings
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Cameroonian entrepreneur Jean Lobe Lobe’s health startup Waspito raises $2.7-million seed funding round
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem.
The lionesses leading the pride
Here is a snippet of some of the modern-day queens who have pioneered male-dominated industries.