Namibian tycoon Quinton van Rooyen-linked Meya Mining receives $150 million to scale up production
Meya Mining is majority-owned by Quinton van Rooyen’s Trustco Resources in partnership with Sierra Leonean company, Germinate SL Limited.
Hot News
Kenyan businessman Andrew Ndegwa gains $1.4 million in three weeks from stake in NCBA Group
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
Led by Mostafa Kandil, Egyptian ride-hailing startup Swvl set to list on U.S exchange
Swvl is a ride-hailing startup that provides a semi-private alternative to public transport.
Malawian businessman Hitesh Anadkat gains $3.9 million in four months as Telekom Networks shares soar
Anadkat, a prominent banker, owns 435,000,000 shares in the Malawi-based telecom company.
Nigerian billionaire Benedict Peters to build 500,000-bpd refineries in Niger Delta
Aiteo Eastern E & P Company Limited is one of Nigeria’s largest indigenous oil exploration companies.
Seven tycoons and multimillionaires in Ghana you’ve probably never heard of
Touted as one of the fastest-growing economies in Africa, Ghana is home to 110 multimillionaires and 2,800 HNWIs.
Kenyan tech entrepreneur Manoj Shanker in pains as Techno Brain loses $60-million Malawi e-passport contract
The development follows a series of public demonstrations against the contract.
South Africa’s richest man Johann Rupert loses $500 million amid investor profit-taking actions
Rupert is one of the top five richest billionaires in Africa with a fortune amounting to over $11.8 billion.
Shoprite CEO Pieter Engelbrecht receives salary package of $1.9 million in 2021
Shoprite Holdings Limited is South Africa’s largest food retailer and the biggest retailer in Africa.
Controlled by Kenya’s richest men, Britam now set to divest 4.2 percent of its Equity Group shares to IFC
Britam Holdings is a diversified financial services provider with a presence in Southern and East Africa.
Karim Awad-led EFG Hermes signs $47.7-million leaseback agreement with MNHD
Madinet Nasr Housing and Development specializes in securities brokerage, asset management and investment banking.
Greek tycoon John Coumantaros loses $12 million in 41 days amid news of Honeywell acquisition
Coumantaros, a Nigeria-based Greek businessman, is the chairman of Flour Mills Group.
Egyptian businessman Khaled Mahmoud gains $3.9 million in 34 days from stake in MM Group
Mahmoud is the chairman of MM Group, an Egypt-based consumer electronics distributor and retailer.
Kenyan tycoon Ashok Doshi, wife sue CBK, Imperial Bank over $8.8-million deposit
Doshi is the owner of Doshi Group, a provider of steel, electrical, water, hardware and telecom solutions.
Egyptian tycoon Safwan Thabet gains $26.7 million as Juhayna Food Industries shares surge
The gain in his stake can be linked to renewed investor buying interest driven by the company’s robust financial performance.
Led by Senegalese businessman Alioune Ndiaye, Sonatel to repay $5.6 million in debts to creditors in January
The payment to creditors represents its biannual interest payment commitments under its Sonatel 6.50-percent 2020-2027 bond.