Pharma tycoon Stephen Saad gains $38 million as Aspen moves to produce COVID-19 vaccines
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Ashish J. Thakkar’s Mara Phones signs export deal with Angolan firm
Mara Phones is a subsidiary of Mara Group and operates in Rwanda and South Africa.
South African tycoon Stephen Brookes loses $74.2 million in month as Balwin Properties shares slump by 18 percent
Brookes, who founded the company in 1996, is the largest shareholder with a 36.08-percent stake.
Ghanaian cement tycoon Ibrahim Mahama signs partnership deal with Renault
Mahama, the founder of Dzata Cement, will set up an assembly plant in Ghana under the French vehicle manufacturer.
Millionaires beginning to leave UK, new report reveals
UHNWIs are starting to leave the UK as a consequence of Brexit and resulting regulations.
Led by Egyptian executive Assem Ragab, Credit Agricole Egypt raises capital by $238.3 million
Credit Agricole Egypt SAE is engaged in corporate, retail and investment banking services in the Middle East and North Africa.
South African billionaire Christo Wiese acquires new stake in Shoprite worth $25.8 million
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
UK-based firm set to acquire stake in Johann Rupert-linked logistics company in $77.9-million deal
Rupert’s Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
Meet the South African woman who has created the world’s first ocean water distilled gin
Jess Henrich is the founder of Amari Ocean Gin, which is inspired by the icy Atlantic Ocean.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
U.S. sanctions Angolan businesswoman Isabel dos Santos for involvement in corruption
U.S. Secretary of State Antony Blinken said the sanction was imposed for significant corruption.
Ivorian technopreneur Idriss Monthe’s CinetPay receives $2.4 million in funding from 4DX Ventures, Flutterwave
CinetPay, a digital finance platform with operations across Francophone Africa, has seen impressive growth since its founding in 2016.
Patrice Motsepe-linked Tyme Bank receives $70 million in investment from Tencent and CDC
TymeBank, one of the world’s fastest-growing digital banks, has acquired 4 million customers in 32 months.
Egyptian tycoon Ahmed El Sewedy’s Elsewedy Electric to build $40-million electrical factory in Tanzania
Elsewedy Electric is an Egypt-based multinational electrical company founded by the Elsewedy family in 1938.
Ade Ayeyemi-led Ecobank posts strong earnings as profit soars nearly tenfold above $256 million
Ecobank is the leading independent regional banking group in West and Central Africa.