French billionaire Vincent Bollore considers selling African assets
According to the French newspaper Le Monde, Morgan Stanley has been engaged to search for potential buyers.
Hot News
Botswana real estate mogul Gulaam Abdoola loses $5 million in nearly 10 months as Turnstar shares decline by double digits
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.
Tanzanian multimillionaire Rajabali brothers gain $1.6 million from stake in CRDB Bank in 2021
The gains come off the back of a double-digit increase in the bank’s shares on the Dar es Salaam Stock Exchange.
Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
Mozambican business magnate Salimo Abdula’s son kidnapped in South Africa, media report
According to Mozambican and Portuguese news reports, Jair Abdula was kidnapped on Thursday night in the city of Benoni.
Peter Ashade-led United Capital posts $14.53 million in profit in 9M 2021, assets surge by 72 percent
United Capital is a financial and investment services company based in Lagos, Nigeria.
Zak Calisto’s Karooooo posts $15.71 million in profit in H1 2022, 12-percent lower than previous year’s figures
Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.
Vuyo Ntoi-led AIIM secures $370 million in capital to boost access to clean energy
The capital raise exceeded the investment manager’s initial $301-million target by 20 percent.
Olugbenga Agboola’s Flutterwave in talks with investors to triple valuation to $3 billion
The company’s Series-C round in March brought its valuation to over $1 billion.
Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO
Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.
Shares in telecom tycoon Sam Darwish’s IHS Towers plunge 18 percent after recent IPO on NYSE
The listing still managed to raise $378 million to fund the company’s growth plans.
South Africa’s wealthiest man Johann Rupert gains $510 million in 14 days after $270-million loss in September
Rupert’s net worth since the start of October has risen from $9.07 billion to $9.58 billion.
Nigerian tycoon Temitope Lawani sees stake in Vivo Energy increase by $4.75 million in 2021
Vivo Energy is a British downstream petroleum company headquartered in London.
Gold production update from Blanket Mine boosts stock of Steve Curtis’ Caledonia Mining Corporation
The uptick in the company’s stock rode on the news of gold production from the Blanket Mine in Zimbabwe.
Neobank tycoon Uzoma Dozie’s Sparkle closes $3.1-million seed round to scale Nigeria operations
This follows the closing of a friends and family pre-seed round of $2 million within the past year.
Iain Williamson-led Old Mutual plans strategic acquisition in West Africa to deepen operations
Old Mutual is a pan-African investment, savings, insurance and banking group.