Egyptian billionaire Naguib Sawiris considers sale of Italy’s largest Internet services group
Sources say the Sawiris-led group is considering selling a minority stake or even a controlling stake.
Nigerian logistics tycoon Taiwo Afolabi’s Sifax Group plans strategic move into energy sector
Founded in 1988, Sifax Group is one of Nigeria’s leading conglomerates.
Tanzania’s richest man Mohammed Dewji plans $4-billion grain production investment
Dewji, 47, is the owner of MeTL Group, a Tanzania-based conglomerate founded by his father in the 1970s.
South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
Botswana retail tycoon Ramachandran Ottapathu loses over $4.4 million since start of 2022
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
South Africa’s second-richest man Nicky Oppenheimer’s net worth rises by $400 million this year
Oppenheimer maintains private equity investments in Africa, Asia, the United States, and Europe.
Kenyan beer tycoon Ngugi Kiuna ups stake in gas manufacturer, BOC Kenya
The acquisition solidifies Kiuna’s position in BOC Kenya as one of the company’s leading shareholders.
Ethiopia’s richest man Mohammed Al-Amoudi loses nearly $1 billion this year
Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.
Wealthy South African Mouton family loses $40 million in less than 10 weeks as PSG shares fall
The South African Mouton family owns 24.5 percent of the company.
Moroccan real estate billionaire Alami Lazraq loses $25 million in 55 days
Lazraq owns 51.7 percent of Casablanca-based property developer Alliances Developpement Immobilier SA.
Billionaire Issad Rebrab retires as CEO of Algeria’s largest private group, Cevital
On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.
‘We won’t reopen Keroche,’ KRA replies to Kenyan liquor tycoon Tabitha Karanja
The Kenya Revenue Authority (KRA) said it is demanding full accountability from Karanja.
Tanzanian billionaire Mohammed Dewji looks to raise $1 billion to expand empire
Dewji, Tanzania’s richest man, is the CEO of MeTL Group, one of East Africa’s largest business groups.
James Mwangi’s Equity Group funds Kigali Financial Towers with $100-million investment
Rwandan President Paul Kagame participated in the groundbreaking ceremony of the project.
Aliko Dangote receives $704.1 million in Dangote Cement dividends
Dangote owns an 86-percent stake in Dangote Cement, Africa’s largest cement producer.