Mauritian tycoon Hector Espitalier-Noel’s New Mauritius Hotels posts $12.5 million in profit
The pioneer and leader of the Mauritian tourism industry posted impressive results for Q2 2022.
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Africa’s richest man Aliko Dangote gains more than $950 million so far this year
The surge in his net worth represents the largest wealth gain by an African billionaire since January.
Swazi billionaire Natie Kirsh’s net worth increases by $320 million in two weeks
Kirsh is the 313th wealthiest man in the world and the fourth-richest man in Africa.
Tanzanian Rajabali brothers gain $2.1 million as CRDB Bank shares skyrocket by double digits
The multimillionaire brothers, Aunali and Sajjad Rajabali, own a 2.6-percent stake in the Dar es Salaam-based lender.
Distribution tycoon Khaled Mahmoud’s MTI looks set to begin selling Apple products in Egypt
The automotive and consumer electronics distributor announced that it has reached an agreement with Apple Trading Egypt.
South African tycoon Stephen Saad’s Aspen partners with Siemens to boost vaccine production for Africa
The collaboration will enable Africa’s largest drugmaker to increase its production capacity to meet the rising vaccine demand in Africa.
Led by Nigerian banker Segun Agbaje, GTCO acquires Investment One Funds Management
The transaction was completed eight months after the group transitioned into a holding structure.
Led by Mauritian Lagesse family, LUX Island Resorts posts $9.7 million in profits in Q2 2022
Lux Resorts is a leading luxury hotel operator with properties and operations in Mauritius, the Maldives, China, France and Vietnam.
Meet Osinachi Ukomadu, an African tech entrepreneur revolutionizing logistics
Heroshe allows Nigerians to buy products from any trusted U.S. online store.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth slumps by $268 million since start of 2022
With a fortune of $6.45 billion, Al-Amoudi is one of Africa’s richest men and the wealthiest man in Ethiopia.
Egyptian tycoon Hisham Talaat Moustafa pledges $635,000 to Egypt’s national team
The multimillionaire made the pledge during a phone call with the country’s minister of youth and sports.
Led by Nigerian investor Iyinoluwa Aboyeji, Future Africa’s assets reach $30 million
According to Aboyeji, financial services remains its top sector, accounting for 55.7 percent of the fund’s investments.
Egyptian tycoon Hassan Allam-linked construction firm secures wastewater treatment plant contract
Hassan Allam Holding is Egypt’s largest privately held engineering, construction and infrastructure company.
Zimbabwe’s richest man, billionaire Strive Masiyiwa gains over $49 million from stake in EcoCash Holdings
Masiyiwa owns 30.26 percent of EcoCash Holdings, or 783,882,701 ordinary shares, through Econet Global Limited.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa reports $514 million in profit in 9M 2021
In comparison to the previous year’s figures, the telecom company’s profit increased by 97.3 percent.
South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.