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HOT NEWS
NORTH AFRICA
EAST AFRICA
Kenyan tycoon Baloobhai Patel transfers $1.62-million stake in Sanlam Kenya to Aksaya
This comes shortly after Patel transferred his 4.12-percent stake in Bamburi Cement to Aksaya, his private investment office.
Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali's estate, is the majority shareholder of Sameer Africa.
Kenyan tycoon James Mwangi’s Equity Group loses $8.34-million tax dispute against KRA
Equity Bank Kenya is the Kenyan banking unit of Equity Group Holdings, a financial services groupi.
Kenyattas, Kenya’s leading landowners, rake in $9.8 million in three weeks from NCBA stake
The Kenyatta family owns an impressive 13.2-percent stake in NCBA Group, or 217,497,023 ordinary shares.
Seven assets owned by Kenyan billionaire Humphrey Kariuki
Kariuki is one of the richest men in Kenya with businesses in real estate and hospitality, energy, beverages and infrastructure.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Bank bolsters Ugandan unit with $5.92-million investment
I&M Bank Group is a prominent financial services conglomerate founded by Shah.
WEST & CENTRAL AFRICA
Nigerian billionaire TY Danjuma earns $500,000 dividend from pharma company
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Nigerian ‘tycoon’ Dozy Mmobuosi allegedly running fraudulent company — Hindenburg Research
Mmobuosi is interested in acquiring the English Football League (EFL) club Sheffield United for more than $110 million.
Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu's company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
SOUTHERN AFRICA
RECENT STORIES
Swazi billionaire Natie Kirsh hit hard as year-to-date wealth losses surpass $170 million
Kirsh's stake in Jetro Holdings is worth $4.76 billion, accounting for the majority of his $7.28-billion fortune.
Ahmed El-Sewedy’s ed-tech firm prepares to launch educational institution in Egypt
Under El-Sewedy's leadership, the group’s ed-tech firm aims to establish universities that adopt innovative educational approaches.
Kenyan tycoon Baloobhai Patel transfers $1.62-million stake in Sanlam Kenya to Aksaya
This comes shortly after Patel transferred his 4.12-percent stake in Bamburi Cement to Aksaya, his private investment office.
Nigerian billionaire TY Danjuma earns $500,000 dividend from pharma company
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Egyptian billionaire Yasseen Mansour’s Palm Hills faces profit decline in Q1 2023
Under Mansour's leadership, the firm delivered exceptional financial results at the end of the 2022 fiscal year.
South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto's stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali's estate, is the majority shareholder of Sameer Africa.
Nigerian ‘tycoon’ Dozy Mmobuosi allegedly running fraudulent company — Hindenburg Research
Mmobuosi is interested in acquiring the English Football League (EFL) club Sheffield United for more than $110 million.
Kenyan tycoon James Mwangi’s Equity Group loses $8.34-million tax dispute against KRA
Equity Bank Kenya is the Kenyan banking unit of Equity Group Holdings, a financial services groupi.