Strive Masiyiwa resigns from Econet days after becoming Southern Africa’s richest Black billionaire
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
Billionaires Africa
Egyptian tycoon Mohamed Morshedy’s real estate firm secures $44.4 million in financing from Al Baraka Bank-Egypt
Al Morshedy Mall is a division of Memaar Al Morshedy, an Egyptian real estate developer created in 1983 by Mohamed Morshedy.
Ghanaian tycoon Samuel Jonah’s Helios Towers to acquire Airtel Africa assets in Chad and Gabon
The transaction comes four months after the Jonah-led business paid $51.7 million for 490 tower sites in Madagascar.
Energy magnate Bryant Orjiako’s Seplat splashes $1.58 billion to acquire ExxonMobil’s Nigerian operations
Orjiako said the proposed purchase is a game changer for Seplat Energy.
British businessman Keith Palmer’s AgDevCo secures $90 million to invest in African agribusiness
AgDevCo was founded in 2010 by British businessman Keith Palmer.
South African mogul Adrian Gore loses $41.2 million from stake in Discovery in eight days
Gore, who launched the financial services organization in 1992, controls a 7.48-percent stake in the group.
Egyptian billionaire Naguib Sawiris warns gov’t to stockpile wheat in view of Russia-Ukraine crisis
Wheat prices have risen by more than 5.7 percent since the news of the crisis surfaced this morning.
Nigerian tycoon Onyekachi Izukanne’s TradeDepot acquires Ghanaian Green Lion as part of expansion plans
TradeDepot is a Nigerian e-commerce and embedded finance platform.
Peter Ashade’s United Capital gains $46 million in one week
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.
Moroccan real estate tycoon Alami Lazraq’s Alliances Group posts $147.8 million in revenue in 2021
Lazraq said the group met its goals for 2021 despite the pandemic.
Led by Egyptian Khamis family, Oriental Weavers reports all-time record revenue of $725 million in 2021
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Tunisian Ben Yedder family loses more than $3.7 million in 23 days from stake Ennakl Automobiles
Ennakl is a Tunisian automotive retailer engaged in the retail sale of Volkswagen, Audi, Seat and Porsche vehicles.
Egyptian billionaires Nassef Sawiris, Hassan Allam to set up four supply commodities warehouses
The project will be developed at a cost of $203.7 million.
Mauritian Doger de Speville family gains $4.3 million from stake in Medine
Members of the family include Marie Therese Doger De Speville, Thomas Doger de Spéville, and 82-year-old Pierre Doger de Speville.
Zimbabwe’s Strive Masiyiwa unseats Patrice Motsepe to become Southern Africa’s richest Black billionaire
Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist.
South African-born billionaire Patrick Soon-Shiong loses over $7.3 billion in one year
Soon-Shiong owns 73.2 percent of the biotech business.