Ugandan gov’t moves to bail tycoon Patrick Bitature by acquiring his $66-million thermal power plant
Bitature sought government assistance after being embroiled in a court battle with a South African lender over a loan repayment.
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Moroccan tycoon Anas Sefrioui to produce limestone calcined clay cement in West Africa
Moroccan businessman Anas Sefrioui is the founder of Casablanca-based property developer Douja Promotion Groupe Addoha (ADH).
South African tycoon Markus Jooste receives 20-year ban from holding directorship in JSE-listed companies
Jooste, 62, is a South African businessman and the former CEO of Steinhoff International.
6 businesses owned by Nas
Nas, the Brooklyn, New York City Hip-hop icon owns a Cigar brand, a venture capital firm, a sneaker line and a footwear retail outlet among other ventures.
5 businesses owned by Ice Cube
Ice Cube, the Los Angeles-born Hip-hop icon is a successful businessman in his own right with numerous businesses in his kitty.
Naivas, owned by Kenya’s Mukuha family, opens 100th branch
The leading retailer, which is majority-owned by the Kenyan Mukuha family, has also announced plans to add two more units by the end of the year.
Tunisian tycoon Habib Essayeh suffers $2-million loss from Euro-Cycles stake
Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
Nigerian billionaire Mike Adenuga pays $210-million spectrum license renewal fee
This development comes in the wake of intense speculation and reports regarding a contentious dispute between Adenuga and the Nigerian government.
Gbenga Agboola’s Flutterwave joins forces with Microsoft to boost financial inclusion in Africa
Agboola, co-founder and CEO of Flutterwave, expressed the company’s excitement in partnering with Microsoft to accelerate financial inclusion in Africa.
Wema Bank stock decline results in $3.7-million loss for Nigerian gambling magnate
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, owns a 28.15-percent stake in Wema Bank.
Swazi billionaire Natie Kirsh sees net worth dip by $170 million, returning to $7.1 billion
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
Tiger Woods and Justin Timberlake partner to launch luxury sports bar in Scotland
This venture is made possible through a partnership with the real-estate company Nexus Luxury Collection.
Nigerian executive Karl Toriola earns $2.6-million salary from MTN Group
A seasoned Nigerian business executive, Karl Toriola, took the helm as the CEO of MTN Nigeria in October 2020
4 companies linked to South African businessman Johan Burger
Beyond his leadership contributions at FirstRand, Burger owns a 0.11-percent minority stake in FirstRand.
Mauritian tycoon Arnaud Lagesse’s IBL to finalize drug firm Harley’s deal this month
IBL Group, under the leadership of Lagesse, stands as a leading conglomerate and one of the largest groups in Mauritius.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.