Kenyan businessman Andrew Ndegwa gains $3.6 million from stake in NCBA Group
Ndegwa owns 4.3 percent of NCBA Group.
Hot News
Led by Egypt’s richest family, Orascom adds $670 million in new projects in Q3 2022
Through OS Private Trust Company, the billionaire Sawiris family owns 51.8 percent of the Egypt-based contractor.
Chipper Cash Founder Ham Serunjogi to donate Starlink in Uganda
At just 36 percent, Africa’s Internet penetration compares poorly with the 62.5-percent global average.
Mauritian tycoon Arnaud Lagesse-led IBL considers buying stake in Reunion Island-based retail operator
IBL Group is a leading Mauritian conglomerate and one of the island’s largest firms.
Billionaire Femi Otedola’s Geregu Power posts lower earnings amid power sector disruption
Geregu Power Plc is 80-percent owned by Otedola.
Avalara shareholders approve $8.4-billion deal with Robert Smith’s Vista Equity
Vista Equity Partners is a leading global investment firm led by America’s richest Black person, Robert Smith.
Nigerian gov’t orders immediate reopening of Dangote’s Obajana cement plant
Obajana Cement Company is majority owned and operated by billionaire Aliko Dangote’s cement company, Dangote Cement Plc.
Prosus N.V., led by South African billionaire Koos Bekker, to sell Russian internet marketplace Avito for $2.4 billion
Bekker’s 0.84-percent stake in Prosus is worth $588 million.
Egyptian entrepreneur Ahmed Sabbah’s Telda secures $20 million from investors
Sabbah ranks among Africa’s top tech founders.
Billionaire Abdul Samad Rabiu to build $2.3-million amphitheater building in Nigerian university
Rabiu is the chairman of BUA Group.
London-based Egyptian tycoon Mohamed Al Fayed’s net worth slumps by $200 million
Al Fayed amassed the majority of his fortune from the sale of his shares in Harrod’s.
South African businessman Andre Du Plessis gains $12.8 million in two weeks
Du Plessis co-founded Capitec Bank in 2001.
South African mogul Zak Calisto’s Karooooo reports nearly $17.1 million in profit in H1 2023
Karooooo is a leading provider of smart transportation management and analytics.
Nigerian billionaire Femi Otedola’s Geregu Power sheds $62 million in 24 hours
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.
Egyptian businesswoman Hend El-Sherbini’s IDH to roll out three new scan centers in 2023
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
Moroccan tycoon Hassane Amor has now lost $25.7 million from stake in Microdata
As the company’s founder and chairman, he owns 56.17 percent of the Casablanca-based IT services business.