South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
Hot News
South African billionaire Stephen Saad receives $1.6-million salary package from Aspen
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Nigerian magnate Austin Avuru’s Seplat Energy rebounds from loss as revenue surges above $460 million
Seplat Energy is a leader on the Nigerian equity market and in the country’s energy sector.
Johann Rupert’s Digital Realty joint venture acquires Nigeria’s Medallion Communications
Digital Realty is a U.S.-based real estate investment trust that invests in carrier-neutral data centers.
Tullow Oil names South African businessman Phuthuma Nhleko as chairman-designate
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.
BEAC withdraws tea tycoon Baba Ahmadou Danpullo’s Nexttel mobile money service license
Danpullo is the founder of Baba Ahmadou Group, a Cameroonian conglomerate that owns the Ndawara Tea Estate.
South Africa’s richest man Johann Rupert is now worth more than $10 billion
His present net worth makes him the second richest man in Africa behind Nigerian billionaire Aliko Dangote.
Nigeria’s oldest bank confirms finance mogul Tunde Hassan-Odukale as largest shareholder
Hassan-Odukale is the managing director and CEO of Leadway Assurance Company.
Moroccan mogul Abdeslam Ahizoune’s telecom firm posts lower earnings despite single-digit growth in customer base
Formerly Maroc Telecom, Itissalat Al-Maghrib is the main telecommunications company in Morocco.
Botswana businessman Gulaam Abdoola’s Turnstar Holdings reports $5.23 million in profits in H1 2022
Turnstar Holdings is a property loan stock group headquartered in Gaborone, the capital city of Botswana.
Here’s why EMEA Finance named Kenyan banking executive Gideon Muriuki Africa’s best banking CEO
The banker was presented the award at the 2021 EMEA Finance African Banking Awards.
Algeria’s richest man Issad Rebrab calls on government to encourage investments and introduce reforms
Rebrab is the head of the Algerian billionaire Rabrab family and the world’s second-richest Arab after Nassef Sawiris.
Led by influential Mauritian Lagesse family, LUX Island Resorts suffers $7.51-million loss in Q1 2022
During the quarter, the group’s revenue surged by 107 percent.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $160.6 million in profit for 9M 2021
BUA Cement is a Nigerian cement manufacturer with an installed capacity of 8 million tonnes per annum.
Egyptian billionaire Nassef Sawiris’ Fertiglobe completes Abu Dhabi listing, market cap soars above $6.8 billion
The company operates as the world’s largest urea and ammonia seaborne exporter.
James Mwangi-led Equity Group to invest $1.5 billion in Africa-focused businesses in Kenya, South Africa
The group is embarking on the deal to expand its operational footprint beyond its current markets.