Koos Bekker’s Naspers, others invest $30 million in car subscription company, Planet42
Planet42 is a car subscription company that buys used cars from dealers and rents to customers via a subscription model.
Chidi Emenike
Cameroonian millionaire Samuel Foyou opens $27.5 million five-star hotel in Douala
The hotel cost $27.5 million to build and is the first five-star hotel in Douala and the second in Cameroon.
U.S.-based firm in talks to merge with Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies
According to Forbes, Masiyiwa is the 16th richest man in Africa, with a net worth of $2.3 billion.
Controversial Kenyan football club owner, Ricardo Badoer accused of fleecing investors of over $140 million
The tycoon was accused of perpetrating the crime through one of his platforms — Aidos Kuneen cryptocurrency.
Led by Saad Bendidi, Moroccan agribusiness Forafric set to list on U.S. exchange
Forafric is a leading Moroccan company sourcing, processing, selling and distributing agricultural commodities.
Led by Adetayo Bamiduro, Nigerian mobility startup Max secures $31 million in Series-B round
The funding secured in the round will help the startup expand its operations across the continent.
Led by South African tycoon Aisha Pandor, SweepSouth buys out Egyptian Filkhedma
SweepSouth is fondly referred to as the Uber of cleaning services.
Nigerian banking executive Remi Babalola resigns weeks after Femi Otedola increases stake in FBN Holdings
Experts believe Otedola could take over the helm as the bank’s chairman, or exercise some level of control over its administration.
Aisha Cassam Timol’s CIM Finance acquires fellow Mauritius-based Tsusho Capital
CFSL is a non-deposit-taking financial services holding listed on the Stock Exchange of Mauritius.
South Africa-born billionaire Patrick Soon-Shiong set to build COVID-19, cancer vaccine center in Botswana
Soon-Shiong became a billionaire after selling APP Pharmaceuticals and Abraxis BioScience for $4.6 billion and $2.8 billion, respectively.
Led by Tokunboh Ishmael, Africa’s first women-focused private equity firm Alitheia IDF raises 100 million
Aitheia IDF identifies, invests in and grows small and medium enterprises led by gender-diverse teams.
South African billionaire Johann Rupert’s Remgro Limited set to list on A2X markets in 2022
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Egyptian real estate tycoon Samih Sawiris steps down as chairman of Orascom Development Holding
He will be exiting the position after almost 30 years at the company’s helm.
Iyin Aboyeji’s Future Africa, others invest $3.2 million in Kenyan startup Wowzi
Wowzi is a Kenyan startup that helps creative agencies push brand messages and extract consumer insights.
Led by Ezz Fayek, Egyptian cash back provider Waffar X raises multimillion-dollar funding round
WaffarX is the first cash-back provider in the Middle East and North Africa.
Led by Karl Toriola, MTN Nigeria’s 5G roll-out bid receives massive boost after spectrum license acquisition
The development comes hours after the telecom giant closed its first public offering of millions of shares held by MTN Group.