Somali tycoon Abdirashid Duale’s Dahabshiil wins UK Global Good Governance award
Duale said the awards highlight the company’s socioeconomic development work.
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Kenyan businessman John Kimani receives $1.2 million in dividends from agro-allied firm, Kakuzi
Kimani owns a 32.3-percent stake in Kenyan agricultural company.
Led by Kenyan banker James Mwangi, Equity Group invests $3.3 million in DRC subsidiary
Its total investment in the country is now $148.4 million.
Billionaire Johann Rupert’s Richemont sees shares dive 14 percent on fears over China slowdown
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Nigeria’s richest woman Folorunsho Alakija completes $145-million office complex
Alakija is the owner of Famfa Oil.
Patrice Motsepe beats out Strive Masiyiwa, reclaims title as Southern Africa’s richest Black businessman
Motsepe’s net worth has risen to $3.1 billion so far this year.
Eight African billionaires make Sunday Times UK Rich List
Among them are Zimbabwean telecom billionaire Strive Masiyiwa and Swazi retail and property mogul Nathan “Natie” Kirsch.
Tanzania’s richest man Mohammed ‘Mo’ Dewji gives commencement speech at Georgetown University
Tanzania’s richest man also received an honorary doctorate in humane letters.
Phuthuma Nhleko’s investment firm looks to sell stake in $3 billion Engen
The sale would generate millions of dollars’ worth of value for Phembani and other entities.
Nigerian aviation mogul Allen Onyema donates $260,000 building to university
Onyema is the founder and chairman of Air Peace.
Led by Egyptian exec Karim Awad, EFG Hermes raises capital by $52.9 million
The capital raise will be funded by the group’s retained earnings and will be distributed over 194.61 million shares.
Nigeria rejects proposed acquisition of ExxonMobil assets by Bryant Orjiako’s Seplat Energy
The government cited overriding national interests as one reason for rejecting the $1.58-billion deal.
Ugandan mogul Patrick Bitature, Vantage Capital at odds over $30-million property loan
Bitature is the founder, chairman and group CEO of Simba Group.
Nigerian startup founder Etop Ikpe’s Autochek acquires Morocco’s Kifal Auto
The former CEO of Cars45, Ikpe founded Autochek in 2020.
Kenyan entrepreneur Peter Njonjo’s Twiga Foods injects $10-million into new farming venture
Njonjo and Grant Brooke founded Twiga Foods in 2013.
Pieter Engelbrecht-led Shoprite creates $559.3-million Black empowerment trust
The trust will directly benefit the group’s South African employees.