Indian tycoon Sunil Bharti Mittal’s Airtel Africa becomes ‘most-capitalized’ on NGX
Airtel Africa is a leading provider of telecom and mobile money services in East, Central and West Africa.
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Egyptian billionaire Naguib Sawiris’ Orascom Investment sells stake in TWA in $35-million deal
TWA is a JV between Orascom, Orastar and Omar Abdul Mone’m Yousuf Al Zawawi of the Sultanate of Oman.
Sam Darwish’s IHS Towers to acquire tower assets in Brazil in $315-million deal
IHS Towers is a leading telecom infrastructure firm founded by U.S. tycoon Sam Darwish.
Nigerian billionaire Aliko Dangote retains position as Africa’s richest man for eleventh year in row
Forbes ranked Dangote as Africa’s richest man in its 2022 African billionaires list.
Temitope Lawani’s Helios Investment Partners announces first fund for ESG investments in Africa
Rand Merchant Bank and Standard Chartered Bank arranged and coordinated the ESG-linked capital call facility.
Africa’s richest man Aliko Dangote’s refinery to kickstart operations in Q3 2022
The plant will begin full production possibly by the end of 2022, or the beginning of 2023.
Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa
The leading businessman purchased the 28-hectare farm for between $5.5 million and $7.9 million.
Mauritian businessman Pierre Guy Noel’s stake in MCB Group is now worth $9.7 million
MCB Group is a financial services holding headquartered in Port Louis, the capital city of Mauritius.
Moncef Sellami’s OneTech Holdings reports $313.9 million in revenue in 2021
Sellami founded the industrial behemoth in 1978.
Egyptian tycoon Ashraf Sabry’s Fawry plans U.S. listing, additional $50.9-million capital raise
Fawry is one of Africa’s few tech unicorns.
Led by Tunisia’s Ben Yedder family, Ennakl Automobiles reports over $186.6 million in revenue in 2021
Ennakl Automobiles is a Tunisian vehicle retailer majority-owned by the wealthy Ben Yedder family.
Tunisian tycoon Abdelwaheb Ben Ayed’s Poulina Group reports $1.1 billion in revenue in 2021
Poulina Group is a Tunisian conglomerate with interests in real estate, public works and infrastructure, wood and home appliances.
Senegalese tech entrepreneur Bamba Lo’s PAPS secures $4.5 million in funding to expand operations
Lo, a Senegalese digital entrepreneur, launched PAPS in 2016 to provide end-to-end logistics solutions for firms.
Moroccan real estate magnate Alami Lazraq gains more than $6.1 million in 20 days
Lazraq owns 51.7 percent of the Moroccan home builder, Alliances Developpement Immobiliere.
Africa’s second-richest man Johann Rupert gains $400 million as investors react to Richemont’s sales
The Swiss luxury goods firm reported revenues of $6.42 billion in the three months between October and December 2021.
Zak Calisto’s Karooooo posts $24.9 million as profit in 9M 2022, 3.9-percent lower than last year’s figures
Karooooo is a major international provider of smart transportation management and analytics.