James Mwangi’s Equity Group set to acquire Rwandan bank for $48.2 million
Under the leadership of James Mwangi, who owns a 3.38-percent stake in the company, Equity Group saw a 15 percent increase in profit in 2022
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Prosus N.V., led by South African billionaire Koos Bekker, braces for profit slump
Founded in 1997 under Bekker’s leadership, Prosus has grown into one of the world’s largest technology investors.
Africa’s richest man Aliko Dangote loses $3.2 billion in a day as Nigeria’s currency plunges
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
Nigerian banking titan Herbert Wigwe’s Access Bank stake surpasses $100 million
Over the past 15 days, Wigwe’s 8.95-percent stake in Access Holdings has witnessed a remarkable boost, rising by $23.2 million.
Kenyan tycoon Jimnah Mbaru’s firm claims resounding win in $3.3-million legal battle
Dyer & Blair, owned by Mbaru, has emerged triumphant in a $3.3-million legal battle against former KCB Director John Kung’u Kiarie.
Kenyan liquor tycoon Tabitha Karanja steps down as CEO of Keroche after 25 years
Keroche Breweries has become one of Kenya’s largest producers of alcoholic beverages.
Egyptian billionaire Samih Sawiris plans major tourism investment in Saudi Arabia
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.
South African tycoon Zak Calisto to receive $17.3-million in dividends from Karooooo
Calisto is the founder of Karooooo, a company that provides real-time mobility data analytics solutions for smart transportation.
Nigerian oil tycoon Tein Jack-Rich awarded license to build crude oil export terminal
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
Flutterwave, led by tech billionaire Gbenga Agboola, suffers setback as court freezes 45 bank accounts
Flutterwave is widely recognized as Africa’s most valuable tech startup.
Meet Janice Bryant Howroyd, the first Black woman to own a billion-dollar company
Howroyd has amassed a net worth of $600 million, making her the fourth-richest Black woman in America.
South Africa’s second-richest man Nicky Oppenheimer gains $120 million in 19 days
The recent increase in Oppenheimer’s net worth can be attributed to the performance of his private equity investments.
South African tycoon Sipho Maseko hits roadblock as Telkom rejects latest bid
Last week, Maseko supported by the Public Investment Corporation, presented a bold bid to acquire a 35-percent stake in Telkom.
Nigeria’s richest banker Jim Ovia rakes in $30 million in just one day
Ovia rakes in $30 million in just one day as Zenith’s market cap surges past $1.85 billion.
Tony Elumelu’s wife, Awele, purchases 7.3 million new Transcorp shares
Awele Elumelu’s prominence extends beyond her investments, as she has made significant contributions to the healthcare sector.
South African billionaire Christo Wiese secures green light for lawsuit to reclaim wine estate
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.