Tanzanian billionaire Rostam Aziz to build $140-million solar project in Zanzibar
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Tennis legend and investor Serena Williams joins Consello as senior advisor
Williams is the third retired star athlete to join the Consello Group, following the steps of former NFL star Tom Brady and Pau Gasol.
Dis-Chem Founder Ivan Saltzman to step down as CEO in June 2023
Dis-Chem’s founder and long-time steps down; CFO Rui Morais to become CEO in July.
Ghanaian mining tycoon Ibrahim Mahama signs $230-million equipment financing deal
Mahama, 52, is one of Ghana’s richest men and the founder of Engineers & Planners.
Led by wealthy Khamis family of Egypt, Oriental Weavers’ profit surges 74 percent y-o-y in Q1 2023
Egyptian businesswoman Yasmine Mohamed Khamis and other Khamis family members own a 56.58-percent controlling interest in Oriental Weavers.
Malagasy tycoon Hassanein Hiridjee looks to acquire MTN assets
Hiridjee and his Axian Group have executed a few telecom deals in Africa in the last few years.
Tony Elumelu’s wife, Awele, acquires $14-million stake in Transcorp
Awele Elumelu acquired a 5.076-percent stake in Transcorp, making her one of the largest shareholders in the conglomerate.
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
MTN Nigeria CEO Karl Toriola’s daughter acquires shares in company
While Damilola joins the ranks of the group’s minority shareholders, her father, Toriola holds a stake of 0.0201 percent in MTN Nigeria.
David Steward’s net worth jumps by $400 million due to recent revaluation of his tech firm
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.
Ken Sharpe’s WestProp underwhelms on first day of trading on VFEX
Despite the lackluster debut, Sharpe remains optimistic about the company’s future.
Hisham Talaat Moustafa’s TMG sees significant contraction in Q1 2023 sales
With a 43.16-percent stake in TMG Holding, Moustafa is one of the richest investors on the Egyptian Exchange.
Naguib Sawiris’ Orascom Investment, BluEV join forces to revolutionize global transport industry
Sawiris emphasized that the partnership provides a viable solution to transform the transport sector in Egypt and the region.
Abdirashid Duale’s Dahabshiil expresses concern over conflict in Sudan
The Duale-led group is concerned about the situation in Sudan and how it might affect its clients and customers.
Ten companies owned by Aliko Dangote that you’ve never heard of
Dangote owns several valuable, privately-held, unquoted companies that add hundreds of millions of dollars to his wealth.