Jailed Angolan tycoon Carlos Sao Vicente continues fight for freedom
Vicente was once a prominent figure in Angola’s oil industry.
Hot News
Zimbabwean fast food mogul Zinona Koudounaris gains $1.75 million on first trading day in 2022
Axia Corp is a Zimbabwe-based specialty retail and distribution business.
Mauritian real estate mogul Arnaud Mayer’s Evaco Group suffers $5.1-million loss in 2021
Evaco Group was founded by Mauritian businessman Arnaud Mayer in 2001 as a real estate development company.
Tanzanian med-tech tycoon Dilan Ellegala’s AfiyaSasa Africa to sell controlling stake to U.S.-based Xcelerate Inc.
AfiyaSasa Africa is a virtual health company founded by Tanzanian world-renowned spinal surgery specialist Dilan Ellegala.
Nassef Sawiris’ Orascom Construction to build $20-million Heart Care Center in Rwanda
The complex will include a research wing, clinics, operation theaters, pharmacies, an administrative block, laboratories and accommodation.
Kenyan tech entrepreneurs Bendon Murgor, Eliutherius Juma’s Paylend raises $2 million in seed funding
Paylend provides credit access to small enterprises.
Christo Wiese’s Invicta moves to acquire UK-based spare parts distributor, KMP Holdings, in $17-million deal
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.
Egyptian tycoon Ahmed El Sewedy-linked Egytech Cables signs $28.1-million contract with Kuwaiti company
Egytech Cables is a 99.98-percent-owned subsidiary of the Elsewedy family-controlled Elsewedy Electric.
James Mwangi’s Equity Bank secures $165-million credit facility from IFC days after buy-in
The credit facility is a seven-year Tier 2, Basel II-compliant subordinated loan.
Moroccan PM Aziz Akhannouch gains $179.5 million from stake in Afriquia Gaz in 2021
Afriquia Gaz SA is a Morocco-based group engaged in refining and marketing liquefied petroleum gas.
Kenyan tycoon Charles Njonjo, country’s first attorney-general, passes away at 101
Njonjo died at his home early Sunday morning.
South Africa’s richest man Johann Rupert gains $3.88 billion in 2021
Rupert’s net worth got a shot in the arm in 2021 due to sustained buying interest in Richemont and Remgro shares throughout the year.
They will be missed: The African tycoons and billionaires who passed away in 2021
An Eritrean cereals tycoon and an Egyptian billionaire patriarch are among the African mega-rich who passed away in 2021.
Ethiopian billionaire Mohammed Al-Amoudi loses $855 million in 2021
Al-Amoudi, who is the wealthiest man in Ethiopia, has a net worth of $6.71 billion.
Kenyan court freezes Mumias Sugar lease to Uganda-based Sarrai Group after Julius Mwale litigation
Justice Anthony Ndung’u has temporarily suspended the leasing of the ailing sugar miller.
Nigerian industrialist Samuel Bolarinde gains $5.3 million as Vitafoam shares soar by 188 percent
Vitafoam is Nigeria’s leading flexible and rigid polyurethane product manufacturer.