Led by Canadian executive Mike Henry, BHP Group moves to invest $100 million in Tanzanian nickel project
BHP Group will invest $40 million to accelerate the development of the Kabanga deposit.
Hot News
Alexander Forbes appoints South African executive Ann Leepile as investments division CEO
Leepile’s appointment as CEO of Alexander Forbes Investments will be effective as of Feb. 1.
Joshua Oigara-led KCB Bank commits $7.1 million to support MSMEs in Kenya
KCB Bank operates as a subsidiary of KCB Group, one of the largest commercial banking groups in East Africa.
Sarrai Group sets aside $9.7 million to start operations in Mumias Sugar, despite court case from Julius Mwale
Sarrai Group, an Uganda-based conglomerate, is led by Kenyan businessman Sarbi Singh Rai, who is the group chairman.
South African tycoon Noluthando Gosa gains $6.7 million from stake in ArcelorMittal South Africa
Gosa is a leading business executive and CEO of Akhona Group, a 100-percent Black privately held investment holding.
Tunisian businessman Habib Essayeh gains $2.1 million as shares in Euro-Cycles surge
Habib Essayeh, Euro-Cycles’ CEO, holds a beneficial 33.6-percent stake in the company.
Egyptian billionaire Yasseen Mansour’s stake in property developer Palm Hills worth over $18 million
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
Zimbabwean tycoon Kudakwashe Tagwirei loses lucrative e-passport deal
CBZ Bank had earlier bagged a deal that would see it pocket $20 for every e-passport application in Zimbabwe.
Namibian tycoon Quinton van Rooyen gains $29 million in first week of 2022
The gains will provide a cushion of sorts to the $190-million loss in his net worth in 2021.
Nigerian tech entrepreneurs Chukwudi Enyi, Moses Nmor’s Bfree raises $1.7 million in pre-seed funding
Bfree deploys strategic solutions to increase repayment rate on loans through the use of tech tools and data from credit institutions to predict customers’ risk profiles.
Nigerian banker Herbert Wigwe gains $2.3 million in two weeks
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
Wealthy Rai family of Kenya set to launch $44-million sugar plant
The Naitiri Sugar plant owned by the wealthy Rai family of Kenya is set to commence operations before the end of Q1 2022.
South African tycoon Piet Mouton gains $32.7 million from Capitec Bank first week of 2022
Capitec is one of South Africa’s largest lenders by number of customers.
Egyptian businessman Wael Olama’s e-commerce fashion startup Gahez raises $2 million in pre-seed funding
The $2-million round funding was led by Disruptech Ventures, a $25-million VC fund.
John Kimani-linked Kakuzi expects earnings to fall by 25 percent in 2021
Kenyan media mogul John Kimani who holds a governance role in Kakuzi, is the firm’s largest shareholder with a 32.3-percent stake.