Johann Rupert’s stake in Remgro gains $81.7 million after news of potential Heineken acquisition
Distell, a leading South African brewer, is partly owned by his investment group.
Editorial Team
Group CEO Nganga Njiinu makes U-turn retreat on TransCentury’s Nairobi delisting
TCL has canceled plans to delist from the Nairobi Securities Exchange, where it is planning a rights issue.
Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.
Nigeria’s anti-graft agency confiscates oil tycoon Ernest Azudialu Obiejesi’s home in affluent Ikoyi
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.
Tesla has not sold any of its holdings in Bitcoin: Elon Musk
He made the clarification in a recent tweet.
Equity Group’s expansion in DRC can help spark economic growth: Group CEO James Mwangi
The company has acquired an additional 7.7-percent stake in its subsidiary, Equity Bank Congo.
Ghana’s National Democratic Congress tells government to support mogul Ibrahim Mahama’s Dzata Cement
The NDC is a political party in Ghana founded by the late former President Jerry Rawlings.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners
These mega-rich businessmen have divested their wealth into professional sports teams.
Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Safaricom free to launch M-Pesa as Ethiopia withdraws state monopoly
Foreign telecom companies will soon be able to launch mobile phone-based financial services.
Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja
The hotel is a partnership between SIFAX Group and Marriott International.
Elon Musk loses $25 billion since guest appearance on Saturday Night Live
The drop comes amid a steep 15-percent decline in Tesla’s shares.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Egyptian billionaire Mohammed Mansour donates £100,000 to COVID-19 memorial fund in Knightsbridge
His donation will support building a multi-faith memorial at St. Paul’s Cathedral.