Botswana tycoon Ramachandran Ottapathu’s Choppies expects 174-percent surge in H2 earnings
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
Hot News
Wealthy Egyptian Sawiris family assists Mostafa El Beltagy-led Nawy in raising $5 million in funding
Nawy’s innovative solutions and services have assisted over 60,000 people in finding houses.
Family offices — a new investment vehicle for Africa’s wealthy
Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families.
Zimbabwean tycoon Zinona Koudounaris gains $14.5 million since start of 2022
Koudounaris, a multimillionaire serial investor and one of Zimbabwe’s richest men, owns a 20.9-percent stake in Axia Corp.
Ghana’s richest stock market investor Daniel Ofori’s stake in Societe Generale Ghana is worth over $9 million
Ofori owns 6.8 percent of the Accra-based bank.
Uganda’s richest man Sudhir Ruparelia regains control of Crane Bank
Ruparelia had a net worth of $1.1 billion in 2012.
Nigerian MMA fighter Israel Adesanya earns $1.54 million in first fight under lucrative contract with UFC
Adesanya remains undefeated in the UFC middleweight division.
South Africa’s richest man Johann Rupert gains $400 million in 18 days
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.
Jailed Angolan tycoon Carlos Sao Vicente’s $900-million embezzlement trial begins in Luanda
Vicente was once a prominent figure in Angola’s oil industry.
WPP Scangroup appoints Patricia Ithau to replace fallen Kenyan mogul Bharat Thakrar as CEO
Her appointment comes a year after Thakrar stepped down as CEO.
Malagasy businessman Hassanein Hiridjee’s AXIAN Telecom launches $420-million bond
Hiridjee said the transaction’s success reflects AXIAN Telecom’s resilient business model.
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
Patrice Motsepe, Johann Rupert-linked SEACOM to acquire Africell Uganda assets
The move by SEACOM represents a significant step forward in its five-year strategic expansion plans.
Nigeria’s second-richest man Abdul Samad Rabiu loses more than $180 million in 28 days
BUA Foods is a consolidated food business controlled by Rabiu, who owns 99.8 percent of the business.
Egyptian tycoon Ahmed El Sewedy’s electric company posts $224.5 million in profit in 2021
El Sewedy said the group finished the year with strong performance across all of its operating segments.
Led by Kenya-based entrepreneur Jit Bhattacharya, BasiGo receives $4.3 million in seed funding from investors
BasiGo aims to make East Africa a global leader in clean, affordable electric bus transit.