South African businessman Sisa Ngebulana’s Rebosis declares no dividend for third consecutive year
Rebosis Property Fund is a Black-owned real estate investment trust in South Africa.
Hot News
Tunisian tycoon Moncef Mzabi loses $3.1 million in three months as ARTES stock slumps
ARTES is a Tunisia-based automobile retailer established after the acquisition of Renault Tunisie in 1997.
Led by wealthy Billon family of Ivory Coast, Palmci gains $37.1 million in two months
Palmci SA is an Ivory-Coast-based company cultivating, processing and marketing crude palm oil in West Africa.
Afriquia Gaz, controlled by Moroccan billionaire PM Aziz Akhannouch, reports $567 million in revenue
As of the time of writing, Akhannouch’s net worth is valued at $2 billion, making him one of the richest men in Africa.
Egyptian billionaire Mohamed Mansour partners with GM to study domestic EV production
His Al Mansour Automotive Co is the largest GM dealer in the world and the fifth-largest distributor of Caterpillar Inc.
South African businessman Martin Moshal’s Entree Capital leads Anchor to raise $15 million in seed funding
Martin Moshal has been a serial entrepreneur in the software industry for more than 20 years.
South African technopreneur Philip Joubert’s OfferZen secures $5.1 million in funding
The funding will play a key role in the startup’s plans to deepen its operations in Europe.
Zimbabwean tycoon John Moxon’s Meikles posts $5.08 million in H1 profits, declares first interim dividend
The robust financial result can be linked to a strong performance by its supermarket and retail segment.
Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Karl Toriola-led MTN Nigeria launches $206-million public offering aimed at local retail investors
MTN Nigeria is one of Africa’s largest telecom services providers, connecting 68 million people across Nigeria.
Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy
Centum is a leading East African investment company with investments in real estate and private-equity assets.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank Int’l loses $19.3 million in 36 days
Founded by Burkinabe tycoon Idrissa Nassa, CBI is a leading banking group in Francophone Africa.
Namibian tycoon Quinton van Rooyen gains $23.8 million in one week as Trustco shares rebound
Trustco is a diversified investment holding majority owned and operated by the Namibian van Rooyen family.
South African tycoon Stephen Saad’s Aspen Pharmacare signs J&J deal to sell COVID-19 vaccine in Africa
Aspen Pharmacare is a South African holding founded by pharma tycoon and billionaire businessman Stephen Saad.
Led by Senegalese businessman Alioune Ndiaye, Sonatel loses $68.4 million in value in November 2021
Sonatel is a leading subregional telecom services provider in Africa and a subsidiary of Orange.
Led by Alan Pullinger, FirstRand expects earnings to rise by at least 30 percent in H2 2021
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.