Nigerian billionaire Aliko Dangote plans new cement plants for expansion
Dangote is set to expand the production capacity of Dangote Cement by constructing a new integrated cement plant in Itori, Ogun State.
Angola’s AG fails to persuade interpol for Isabel dos Santos’ extradition
Dos Santos has faced corruption charges for years, including allegations that she embezzled nearly $1 billion.
7 companies owned by Tanzania’s first billionaire Rostam Aziz
Aziz, made history in 2013 when Forbes recognized him as the first Tanzanian to achieve a billion-dollar fortune.
Egypt’s billionaire El-Sewedy family suffers $50 million loss from El Sewedy Electric stake
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
Pick ‘n Pay troubles drain $120 million from South Africa’s Ackerman family
The Ackerman family holds a significant 25.53-percent stake in the retailer, or 124,677,238 issued shares.
Kenyan tycoon Julius Mwale to build multimillion-dollar city in Congo
Mwale’s company, Mwale Medical and Technology City, is a $2-billion community-owned sustainable metropolis.
7 assets owned by struggling Kenyan tycoon David Langat
Langat is the owner of DL Group, a Kenyan conglomerate with interests in tea farming and exports, trading, real estate and hospitality.
South African tech tycoon Jens Montanana’s stake in Datatec slumps by $8 million in 28 days
Montanana, who founded Datatec in 1986, owns a 14.26-percent stake in the South African-based ICT solutions and services firm.
Hitesh Anadkat, one of Malawi’s richest men, rakes in $70 million, pushing YTD gains above $110 million
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Firm linked to son of America’s second-richest Black man inks million-dollar deal with Nickelodeon
David Steward II, son of America’s second-richest Black man, founded Lion Forge Animation in 2019.
Mike Adenuga’s Conoil stake nears $75 million with $22-million boost
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
7 companies owned by Tanzanian multimillionaire Ghalib Said Mohamed
Tanzanian multimillionaire Ghalib Said Mohamed is the chairman of GSM Group, one of East Africa’s most prosperous conglomerates.
Kenyan businessman John Kimani earns nearly $1.6 million from Kakuzi shares
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.
DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.
Nigerian billionaire Kola Karim donated $65,000 to Conservative Party
Karim, an energy and construction tycoon, joins a list of conservative party donors that include Mohamed Mansour and Amit Lohia.
Nigerian fertilizer tycoon Thomas Etuh donates hospital to Gombe State
Etuh is the owner of TAK Group which owns operates fertilizer blending plants across the country among other interests.