South African property tycoon Sisa Ngebulana to build new housing development in sleepy coastal town
Ngebulana’s Billion Group plans to build a mixed-use affordable housing complex in the East Coast Crossways area in Kwelerha.
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Tayo Amusan’s Ketron Investment receives $8.4 million from Nigeria’s Bank of Industry
Ketron is a wholly-owned subsidiary of Persianas Limited.
James Mwangi’s Equity Group funds Kigali Financial Towers with $100-million investment
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Cameroonian businessman Paul Fokam’s Afriland faces financial accusations in DRC
Minority and majority shareholders of the bank’s DRC subsidiary are having it out.
Moroccan tycoon Adil Douiri loses $2.6 million in 19 weeks as shares in Mutandis slump
Douri owns a 6.88-percent stake in the Moroccan consumer goods firm.
South African mogul Adrian Gore’s Discovery Bank hits 1 million customers two years after launch
Discovery Bank is a subsidiary of Discovery Group, a South African financial services conglomerate.
Aliko Dangote receives $704.1 million in Dangote Cement dividends
Dangote owns an 86-percent stake in Dangote Cement, Africa’s largest cement producer.
Kenyan tycoon Tabitha Karanja says Keroche’s revenue has fallen below $1 million due to shutdown
Karanja complained that it is unbearable to witness the loss of over 400 jobs.
Egyptian businesswoman Hend El-Sherbini loses $15 million in 10 weeks from IDH
IDH is one of the Middle East and Africa’s leading consumer healthcare groups.
Karim Awad-led EFG Hermes acquires Egyptian B2B marketplace Fatura
The acquisition comes after the Egyptian startup closed a $3-million pre-Series-A funding round last year.
African-American comedy mogul Kevin Hart to open plant-based restaurants in LA
The first Hart House will open this summer in Hollywood.
South African tycoon Johan Burger loses $5.8 million on investment in FirstRand
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
University linked to Kenya’s Moi family seeks approval for $298-million private hospital
The Moi family is reputed to be Kenya’s second-largest landowners after the Kenyatta family.
Nigerian businessman Tony Elumelu says Africa’s development depends on private sector
Elumelu is the chairman of Heirs Holding.
Billionaire Issad Rebrab extends lead as Algeria’s richest man
Rebrab is the seventh-richest man in Africa, with a net worth of $5.1 billion.