Burkinabe construction tycoon Mahamadou Bonkoungou’s IB Holding acquires state-owned BTCI
Mahamadou Bonkoungou is the owner of EBOMAF S.A., one of the largest construction companies in Francophone Africa.
Hot News
Controversial Kenyan tycoon Jimi Wanjigi set to run for presidency
Kenya’s next presidential election is scheduled for Aug. 9, 2022.
Nigerian tycoon Julius Rone signs $2-billion deal to launch first floating LNG project
The project is expected to be fully completed in 2026.
Ten of the richest businessmen in Tanzania — most of whom you’ve likely never heard of
According to AfrAsia Bank, the country is home to one billionaire, 80 multimillionaires and more than 2,300 individuals.
John Gachora-led NCBA Group risks $9.7 million in losses in attempt to revive insolvent business
NCBA Group is a leading Nairobi-based financial services conglomerate.
UK-based firm set to acquire stake in Johann Rupert-linked logistics company in $77.9-million deal
Rupert’s Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
Tanzania’s richest man Mohammed Dewji to donate $870,000 to help construct Simba Sports Club stadium
The donation comes after Mo handed an $8.6-million check to Simba SC for a 49-percent equity stake in the club.
South Africa’s five richest men and how they made their money
South Africa is home to the second-highest number of billionaires in Africa.
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
United States sanctions firms owned by South Sudanese tycoon Benjamin Bol Mel
Bol Mel once served as the chairman of the South Sudan Chamber of Commerce, Industry, and Agriculture.
James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
Anthony Masunga-led Botswana Telecommunications Corporation expects bump in half-year pre-tax profits
Through its operations, BTC offers fixed, mobile and broadband services to consumers, enterprises and other licensed service providers.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
Africa’s wealthiest man Aliko Dangote loses over $1 billion in single day as investors book profit
Yet his $19.1-billion net worth makes him the richest Black man alive and the 100th wealthiest man in the world.