Tanzanian billionaire Said Bakhresa signs football mega-deal; Azam Media CEO eyes World Cup
The 10-year agreement is set to start next season.
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Royal Family of Morocco’s stake in Attijariwafa Bank gains $275 million in 56 days
The bank’s share price has risen by about six percent since April 1.
soleRebels Founder Bethlehem Alemu launches Ethiopian bank with $116.3 million in capital
Selam Mortgage Bank aims to create the largest generation of homeowners in Ethiopian history.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
Africa’s richest man Aliko Dangote pledges to become Tanzania’s economic ambassador
Dangote lauded the business climate created by Tanzanian President Samia Suluhu Hassan.
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.
South African billionaire Michiel Le Roux’s stake in Capitec Bank soars as shares surge on local bourse
The star banker’s ownership stake has surged by about $250 million since April 13.
Olalekan Olude’s Jobberman partners with Nigerian Youth Service Corps to train 120,000 youth yearly
The youths will be trained in soft skills to enhance their employability.
South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.
South African billionaire Koos Bekker loses $111.1 million as Naspers’ shares decline
The drop occurred after its Dutch subsidiary Prosus announced plans to acquire Naspers shares.
Nigerian gambling magnate Kessington Adebutu, daughter pocket $1.22 million in Wema Bank dividends
Adebutu is expected to earn $1.05 million, while his daughter is on course to earn $169,965.
Kirsan Ilyumzhinov: The charismatic Buddhist tycoon speaks on Africa
The Russian businessman, politician and chess chief says Africa is the “future of human civilization.”
Moi family of Kenya to pocket $380,000 Standard Chartered Bank dividend
The family of the late Kenyan President Daniel arap Moi will pocket $380,000 in dividends from Standard Chartered Bank.
U.S. firm accuses Ghanian tycoon and party founder Papa Kwesi Nduom of laundering $63 million
There is little publicly available information about the company that brought forward the case.