Court vacancies hamper Kenyan tycoon Baloobhai Patel’s $10.6-million acquisition deal via Carbacid Investments
Patel owns a 49.9-percent stake in Carbacid.
Billionaires Africa
Nigerian tycoon Jim Ovia gains $24.5 million in 40 days from stake in Zenith Bank
Ovia’s stake in Zenith Bank is now valued at more than $312 million.
Egypt’s richest man Nassef Sawiris gains $260 million in four days
Sawiris’ stake in Adidas, the largest sportswear company in Europe, accounts for the bulk of his $6.69-billion fortune.
Cameroonian entrepreneur Eunice Ajim launches $10-million fund to support African tech startups
Ajim Capital plans to write checks between $25,000 to $150,000 for at least 60 tech startups in Africa.
Cameroonian banker Alain Nkontchou spends $2.35 million to acquire shares in Ecobank Group
Nkontchou spent a total cash consideration of $2.35 million to increase his stake from 0.26 percent to 0.98 percent.
Tunisian tycoon Mehdi Tamarziste’s UBCI grants $52.5-million loan to Enda Tamweel
UBCI is a leading Tunisian commercial bank and an operating subsidiary of BNP Paribas.
Warner Music Group acquires majority stake in Yoel Kenan’s Africori
Africori helps create global opportunities for African artists.
Nigerian tech entrepreneur Emmanuel Okeleji’s SeamlessHR raises $10 million to drive pan-African expansion
SeamlessHR is a Nigerian HR tech startup founded in 2018 to provide technology solutions to manage HR data and workflow.
Moroccan businesswoman Lamia Tazi gains $1.53 million in 22 days from pharma company, Sothema
Sothema is the leading healthcare company in Morocco, and one of the leading pharma companies in Africa and the Middle East.
Nigerian entrepreneur Tonye Irims’ WiSolar plans to raise $2.9 million in Q1 2022
WiSolar is a South African clean energy solutions startup founded by South Africa-based Nigerian businessman Tonye Irims in 2016.
South African businessman Andre Du Plessis retires as CFO of Capitec Bank
Du Plessis co-founded Capitec Bank with South African billionaire Michiel Le Roux and leading businessmen Jannie Mouton and Riaan Stassen in 2001.
Kenyan banker James Mwangi loses $3.7 million in seven days from stake in Equity Group
Mwangi, the CEO and managing director of Equity Group, owns a 3.38-percent stake in the bank.
Aliko Dangote’s cement company launches move to buy back shares worth more than $112.7 million
Dangote Cement will buy up to 170,003,074 fully paid-up ordinary shares.
South African businessman Jonathan Jawno gains $15.8 million as shares in Transaction Capital surge
Transaction Capital is a South Africa-based financial services group that specializes in asset-backed lending.
Malian entrepreneur Moulaye Taboure’s Afrikrea secures $6.2 million in funding round led by Jack Ma-linked firm
Afrikrea is an e-commerce startup founded in 2016 as a marketplace for Africa-based and -inspired fashion, clothing, accessories, arts, and crafts.
Swazi billionaire Natie Kirsh loses $260 million in one week
Kirsh saw his net worth surge to a record $8.35 billion on Jan. 4, $1.89-billion higher than one year ago.