Tunisian businessman Moncef Mzabi gains $7.4 million in 2021 as shares in ARTES surge by 55 percent
An automobile industry leader, ARTES is the official dealer of the Renault and Nissan brands in Tunisia.
Billionaires Africa
Hani Berzi’s Edita Food Industries registers 58-percent growth in profit in 9M 2021
Edita Food Industries is a leader in the Egyptian packaged snack foods market.
Samuel Jonah’s Helios Towers acquires Airtel Africa’s infrastructure company in Madagascar for $51.7 million
Helios Towers is a leading independent telecom infrastructure group in Africa.
Kenyan tycoon Julius Mwale plans to bring in Dangote-connected firm to manage Mumias Sugar
Indian engineering consultancy firm J.P Mukherji & Associates operates in more than 30 countries across four continents.
Kenyan tycoon Baloobhai Patel now owns 49.9-percent stake in Carbacid Investments
Carbacid Investments is an investment holding with interests in carbon dioxide gas production processing and marketing.
Mitch Slape-led Massmart Holdings sustains sales above $3.9 billion, valuation jumps by 10 percent
Massmart Holdings is the second-largest consumer goods distributor in Africa.
U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
Moroccan tycoon Karim Benjelloun gains nearly $3 million in three months as Disway shares surge
Disway is Morocco’s first technology distributor and a leading computer hardware distributor in the Maghreb region.
Vivienne Yeda-led Kenya Power rebounds from losses, profit soars above $13 million in H1 2021
Kenya Power transmits, distributes and retails electricity to customers throughout Kenya.
Ham Serunjogi’s Chipper Cash gets $2-billion valuation with $150-million Series-C round
The cross-border payment platform offers mobile-based, fee-less, peer-to-peer payment services in Africa.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil acquires majority stake worth $26.1 million in Eterna
Founded in 1997, Rainoil is a prominent player in the Nigerian oil industry.
Telecom magnate Strive Masiyiwa’s Liquid partners with Orange to improve connectivity in Africa
Liquid will gain access to Orange’s West African infrastructure, particularly Djoliba.
Jim Ovia’s Zenith Bank records one-percent growth in profit before tax for 9M 2021
Zenith Bank is a large financial services provider in Nigeria and Anglophone West Africa.
Sunil Bharti Mittal’s Airtel Africa signs partnership with UNICEF to accelerate digital learning across Africa
Airtel Africa is a leading telecom and mobile money services provider in Africa, with a presence in 14 countries.
Egypt’s richest man Nassef Sawiris gains $80 million in October, as Adidas shares close in positive territory
The billionaire’s net worth climbed from $6.79 billion at the start of the month to $6.87 billion at its close.
Hazem Hegazy-led Al Baraka Bank Egypt suffers single-digit decline in earnings, net profit falls below $65 million in 9M 2021
Al Baraka Bank Egypt SAE is an Egypt-based commercial bank providing retail, corporate and investment banking solutions.