African-American billionaire Tyler Perry on prowl for lucrative new offer as BET mega-deal nears end
The writer, producer, director, and actor is best known for his “Madea” film franchise.
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Kenyan government suspends Tanzanian billionaire Rostam Aziz’s plans to build cooking gas plant
The freezing of his statutory licenses could lead to a trade spat between Kenya and Tanzania.
Kenyan banking magnate Jimnah Mbaru loses $2.4 million from investment in Britam
Mbaru still remains one of the Nairobi Securities Exchange’s wealthiest investors.
Angolan billionaire Isabel dos Santos demands pardon after death of father
The dos Santos family also demanded an apology for the treatment of the former leader.
South African mogul Johann Rupert’s net worth soars by $240 million in four days
The increase in Rupert’s net worth follows a surge in Richemont shares from $10 on July 15 to $11 today.
Namibian tycoon Quinton van Rooyen loses $47 million as Trustco shares slump to all-time low
Van Rooyen owns 63.94 percent of the leading Namibian company.
Zimbabwean billionaire Strive Masiyiwa loses $2.9 billion, reducing net worth to $1.5 billion
Zimbabwe’s richest man and one of Africa’s wealthiest men, Masiyiwa has seen his net worth fall to $1.5 billion.
Wealthy Mauritian Lagesse family loses $21 million in 74 days from IBL Group investment
However, the Lagesse family remains one of Mauritius’ wealthiest, most powerful families.
Meet Noluthando Gosa, South African businesswoman who owns $21-million stake in ArcelorMittal
Gosa leads Likamva Resources and Akhona Group.
Tanzanian Rajabali brothers lose $1.3 million after CRDB shares fall from record highs
Aunali and Sajjad Rajabali own a combined 2.6 percent stake in the Dar es Salaam-based CRDB Bank.
Nigerian businessman Tony Elumelu’s UBA opens new branch in Dubai
The opening brings UBA’s global presence to 24 countries and four continents.
Somali tycoon Ismail Ahmed’s Zepz denies delays in $6-billion IPO
Zepz, the parent company of WorldRemit, stated that it has yet to formally announce an IPO timeline.
Mauritian multimillionaire Dominique Galea loses $2.4 million from stake in MUA
Galea remains one of the wealthiest investors on the Stock Exchange of Mauritius.
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
South African-born Kenyan businessman Michael Joseph prolongs term as KQ chairman
Joseph was appointed chairman of KQ in October 2016.
Burundi asks Nigerian billionaire Aliko Dangote to establish cement plant
Dangote owns an 86-percent stake in Dangote Cement Plc, Africa’s largest cement producer.