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.
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Ghanaian logistics tycoon Daniel McKorley signs $810,000 sponsorship deal with football club
The deal will see the club pocket up to $270,000 per year for the duration of the contract.
Ugandan tycoon Charles Mbire gains $1.2 million as stake in MTN Uganda surges above $51 million
The share price in the leading telecom company has increased by a single digit in just two days.
Ade Ayeyemi-led Ecobank posts strong earnings as profit soars nearly tenfold above $256 million
Ecobank is the leading independent regional banking group in West and Central Africa.
Kenyan sugar baron Jaswant Rai taken to court by brothers over inheritance
The two brothers object to the will and believe their father could have been coerced into crafting the document.
Ugandan tycoon Charles Mbire’s stake in MTN gets $49.6-million valuation following IPO
The public offering was the largest-ever in the history of Uganda.
Led by South African fashion tycoon Michael Lewis, TFG acquires Quench shopping platform
TFG is a South African retail clothing group, trading under various brands with more than 3,000 stores.
Indian billionaire Sunil Bharti Mittal buys back minority shares in unlisted Nigerian subsidiary
Airtel Nigeria is the most profitable subsidiary of Airtel Africa, a leading telecom and mobile money services provider in Africa.
Led by wealthy Billon family of Ivory Coast, Palmci gains $37.1 million in two months
Palmci SA is an Ivory-Coast-based company cultivating, processing and marketing crude palm oil in West Africa.
Zimbabwean tycoon John Moxon’s Meikles posts $5.08 million in H1 profits, declares first interim dividend
The robust financial result can be linked to a strong performance by its supermarket and retail segment.
Karl Toriola-led MTN Nigeria launches $206-million public offering aimed at local retail investors
MTN Nigeria is one of Africa’s largest telecom services providers, connecting 68 million people across Nigeria.
Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy
Centum is a leading East African investment company with investments in real estate and private-equity assets.
Namibian tycoon Quinton van Rooyen gains $23.8 million in one week as Trustco shares rebound
Trustco is a diversified investment holding majority owned and operated by the Namibian van Rooyen family.
Led by Senegalese businessman Alioune Ndiaye, Sonatel loses $68.4 million in value in November 2021
Sonatel is a leading subregional telecom services provider in Africa and a subsidiary of Orange.
Zimbabwean tycoon Strive Masiyiwa’s Africa Data Centers launches massive facility in Lagos
Africa Data Centers operates as an affiliate of Cassava Technologies, a fiber and telecom solutions group founded by Zimbabwe’s richest man.
South African billionaire Nicky Oppenheimer loses $280 million in single day
Oppenheimer has seen his net worth slump below the $8-billion mark in recent times.