DRC moves to revoke oil exploration licenses issued to controversial Israeli billionaire Dan Gertler
The licenses allow his companies to manage two oil blocks bordering Uganda to the east.
Editorial Team
Kenyan industrialist Manu Chandaria loses reins of Kaluworks steel and plastics producer
The company defaulted in the repayment of a $40-million debt.
Stake of Ugandan pharma tycoon Emmanuel Katongole in CiplaQCIL rises by $200,000 since April 13
The growth in his stake follows a rise in the shares of CiplaQCIL on the Uganda Stock Exchange.
Botswana real estate tycoon Gulaam Abdoola’s stake in Turnstar declines by $3.67 million
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Moroccan politician Adil Douiri to earn $529,545 in dividends from stake in Mutandis SCA
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
Egyptian billionaire Naguib Sawiris’ Orascom invests $12.7 million in Giza pyramids
Sawiris said Orascom has long been interested in participating in developing the area.
Kenyan businessman Benson Wairegi’s stake in Britam Holding gains $545,000
Wairegi is Kenya’s longest-serving CEO of a listed company.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
Malagasy mogul Hassanein Hiridjee’s Axion embarks on solar plant mega-expansion project
The move will see Axion boost the plant’s capacity to 40 MWp.
Moroccan outsourcing mogul Karim Bernoussi forecasts $600 million in revenue for 2021
The company is one of France’s top-5 customer service outsourcers.
Stake of Mauritian Lagasse family in IBL Limited now worth $130.24 million
The family is known for its role in modernizing industry and commerce in Mauritius.
Equity stake of Mauritian businessman Arnaud Dalais in CIEL Limited gains $4.11 million
The gains in his stake were triggered by a recent surge in the company’s shares.
Naguib Sawiris-linked Endeavour Mining lists on London Stock Exchange
Endeavour Mining is West Africa’s largest gold producer.
Australian billionaire Andrew Forrest moves to develop world’s largest hydropower project in Congo
Forrest has held talks with the DRC to acquire the exclusive rights to develop the Grand Inga Dam.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.