Paystack Co-Founder Shola Akinlade, others invest $3.5 million in Edukoya ed-tech startup
Edukoya plans to use the capital raised to expand its team, technology and learner base.
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South African billionaire Johann Rupert’s Remgro Limited set to list on A2X markets in 2022
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Egyptian real estate tycoon Samih Sawiris steps down as chairman of Orascom Development Holding
He will be exiting the position after almost 30 years at the company’s helm.
South African billionaire Christo Wiese acquires new stake in Shoprite worth $25.8 million
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
Ten of the richest businessmen in Tanzania — most of whom you’ve likely never heard of
According to AfrAsia Bank, the country is home to one billionaire, 80 multimillionaires and more than 2,300 individuals.
John Gachora-led NCBA Group risks $9.7 million in losses in attempt to revive insolvent business
NCBA Group is a leading Nairobi-based financial services conglomerate.
UK-based firm set to acquire stake in Johann Rupert-linked logistics company in $77.9-million deal
Rupert’s Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
Tanzania’s richest man Mohammed Dewji to donate $870,000 to help construct Simba Sports Club stadium
The donation comes after Mo handed an $8.6-million check to Simba SC for a 49-percent equity stake in the club.
South Africa’s five richest men and how they made their money
South Africa is home to the second-highest number of billionaires in Africa.
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
Nigerian serial founder Sim Shagaya’s uLesson secures $15 million in China-led Series-B round
uLesson is a home-tutoring platform founded by Shagaya in 2019.
Led by Mohamed El-Shinnawy, Egyptian entertainment startup Minly acquires Oulo video-gifting platform
Minly is a digital platform that allows celebrities to connect to teeming fans through a new form of personalized experiences.
Egypt’s wealthy Khamis family moves to sell Oriental Weavers China
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.