Kenyan tycoon Charles Njonjo, country’s first attorney-general, passes away at 101
Njonjo died at his home early Sunday morning.
Billionaires Africa
South Africa’s richest man Johann Rupert gains $3.88 billion in 2021
Rupert’s net worth got a shot in the arm in 2021 due to sustained buying interest in Richemont and Remgro shares throughout the year.
They will be missed: The African tycoons and billionaires who passed away in 2021
An Eritrean cereals tycoon and an Egyptian billionaire patriarch are among the African mega-rich who passed away in 2021.
Ethiopian billionaire Mohammed Al-Amoudi loses $855 million in 2021
Al-Amoudi, who is the wealthiest man in Ethiopia, has a net worth of $6.71 billion.
Kenyan court freezes Mumias Sugar lease to Uganda-based Sarrai Group after Julius Mwale litigation
Justice Anthony Ndung’u has temporarily suspended the leasing of the ailing sugar miller.
Nigerian industrialist Samuel Bolarinde gains $5.3 million as Vitafoam shares soar by 188 percent
Vitafoam is Nigeria’s leading flexible and rigid polyurethane product manufacturer.
Tanzanian magnate Ketan Patel loses $5.3 million in 2021 as Shanta Gold shares lose half value
Patel, who founded Shanta Gold in 2001, has seen a $5.3-million loss in the value of his stake since January.
Nigerian tycoon Tony Elumelu opens portal for 2022 entrepreneurship program
The portal for this year’s application is active and interested applicants are urged to apply.
Led by Martine Coffi-Studer, Bollore Transport & Logistics Cote d’Ivoire gains over $36 million in 55 days
Bollore Transport & Logistics Cote d’Ivoire is majority-owned by the French Bollore Group.
Prosus N.V., led by South African billionaire Koos Bekker, announces share buy-back worth $118.5 million
Founded in 1997, Prosus N.V. is a global consumer Internet group and one of the largest technology investors in the world.
Nigerian businessman Austin Okere’s CWG launches process to write down retained losses of $5.07 million
CWG has grown into a leading IT services provider in West Africa.
Ghanaian logistics mogul Daniel McKorley floats airline business; set to launch private jet terminal in 2022
McKorley is the founder and CEO of McDan Group of Companies.
Actor Forest Whitaker joins Nigerian tycoon Tunde Folawiyo, others as investor in NBA Africa
Investors include former NBA players Junior Bridgeman, Luol Deng, Grant Hill, Ian Mahinmi, Dikembe Mutombo and Joakim Noah.
Wealthy Ventriglia family of Zambia faces off in yet another legal saga over Zambezi Portland Cement
Zambezi Portland Cement is a leading cement manufacturer in Zambia.
Saltzman family of South Africa gains $151.1 million in three months from stake in Dis-Chem
Ivan Saltzman and his wife Lynette own a joint 45.2-percent stake in Dis-Chem, a major pharmaceutical retailer in Africa.
Burkinabe tycoon Mahamadou Bonkoungou hires Moroccan banker Nabil Tahari to lead IB Bank Togo
Tahari is a renowned banking executive and former Societe Generale Burkina employee.