Real estate mogul Hisham Talaat Moustafa set to build $31.82-billion housing project in Egypt
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.
Editorial Team
Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
Tanzanian multimillionaire Rajabali brothers to pocket $635,024 CRDB Bank dividend
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
Moroccan billionaire Anas Sefrioui’s stake in Douja Promotion Groupe Addoha gains $61.2 million in 35 days
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.
Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400
The increase in the value of his shares took place over 23 days.
South African billionaire Stephen Saad’s stake in Aspen Pharmacare gains $168.9 million
Aspen is a global multinational pharmaceutical company.
British billionaire Fred Done beats out Mary Slack-Oppenheimer to acquire Betting World in South Africa
Done’s Betfred now has a controlling stake in struggling company.
Energy magnate Adonis Pouroulis acquires Mauritius-based Africa Energy Management Platform
Pouroulis is the CEO of Chariot Oil & Gas.
Turkish security services admit to abducting member of influential Gulen family in Kenya
Salahuddin Gulen has turned up in Turkey after his abduction in May.
Fallen Kenyan mogul Bharat Thakrar sees stakes in WPP Scangroup rise $111,000 in 5 days
Bargain hunters recently drove up the company’s share price.
Zimbabwe issues ultimatum to billionaire Alexander Machkevitch’s ERG
Eurasian Resources Group (ERG) is on the verge of losing its concessions in the country.
Group Vice President Ebenezer Asante sees stake in MTN Ghana decline by $320,000
The losses were due to a decline in the MTN Ghana share price.
Steel tycoon Narendra Raval injects millions into ARM Cement’s fertilizer unit
The multimillionaire has invested $16.7 million in upgrading the unit.
Nigerian tycoon Obafoluke Otudeko, son to earn $1.02 million in Honeywell dividends
Otudeko founded the integrated flour milling company in 1985.
Chipper Cash founders Ham Serunjogi, Maijid Moujaled raise $100 million in Series C round
The fintech startup facilitates cross-border payments across Africa.
South African mining tycoon Neal Froneman criticizes government’s attitude toward sector
The Sibanye-Stillwater CEO took issue with South Africa’s sluggish stance on attaining carbon neutrality.