Nigerian billionaire Abdul Samad Rabiu gains $313.2 million in 50 days from stake in BUA Foods
Rabiu and his son own 99.8 percent of BUA Foods.
Hot News
Kenyan exec Rohan Patel has lost $1.2 million in five months on Nairobi Stock Exchange
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
Led by Egyptian magnate Abdallah Sallam, MNHD expects to award contracts worth $154 million this year
Sallam owns five-percent of the real estate company.
Kenyan media mogul John Kimani-linked Kakuzi to ship second avocado consignment to China
Kimani owns 32.3 percent of Kakuzi.
Igho Sanomi of Taleveras Group receives philanthropy award in New York
Sanomi is a co-founder of the Dickens Sanomi Foundation.
Aliko Dangote reemerges as world’s 74th richest billionaire
Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.
Aga Khan IV-backed Jubilee completes sale of majority stake in Mauritian insurance subsidiary to Allianz
Aga Khan IV, Shah Karim al-Husayni, owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
Kenyan court freezes Ronald Karauri’s SportPesa license amid ownership tussle
The SportPesa brand was relaunched by Milestone Games.
Nigerian mogul Tony Elumelu signs $20-million deal to support African entrepreneurs
Elumelu has played a key role in assisting young entrepreneurs.
South African billionaire Nicky Oppenheimer’s net worth slumps by $380 million so far in September
Oppenheimer still remains one of the continent’s wealthiest businessmen.
Nigerian banking tycoon Herbert Wigwe’s Access Holdings receives CBN approval to launch payment subsidiary
Wigwe owns 4.26 percent of the pan-African conglomerate.
Namibian tycoon Koos Brandt’s Capricorn Group posts $64 million in profit in 2022
Capricorn Group is a financial services conglomerate based in Namibia, Botswana, and Zambia.
French financier Proparco acquires shares in Mauritian magnate Dominique Galea-led insurer, MUA Ltd.
Proparco will become the regional insurance group’s largest investor.
Egyptian tycoon Ahmed El Sewedy’s electric company signs $21.5-million contract with EIPICO
The contract for the construction of EIPICO Factory 3 was signed through Rowad Modern Engineering.
South African tech tycoon Zak Calisto’s stake in Karooooo slumps by $106 million
Calisto founded Karooooo, a global mobility software as a service (SaaS) platform, in 2001.
Billionaire Robert Smith’s Vista Equity offers $4.22 billion to acquire Florida cybersecurity firm, KnowBe4
Vista Equity Partners has formed a special committee to oversee the acquisition.