James Mwangi’s Equity Group to receive $4.1 million for acquisition of Spire Bank
Equity Group is the largest financial services conglomerate in East Africa.
Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares plummet
Koudounaris is a Zimbabwean businessman and serial investor.
Meet Cameroonian entrepreneur who raised $2.7 million in seed funding for his startup in 2022
Waspito is a Douala-based health social networking platform.
Nigerian billionaire heiress Bella Disu builds shopping mall in Lagos
Disu is the daughter of Nigerian billionaire Mike Adenuga.
Botswana billionaire Ramachandran Ottapathu’s Choppies makes move to acquire Kamoso Africa
Choppies Enterprises is a Gaborone-based supermarket chain.
Patrice Motsepe-backed TymeBank targets 28 million customers via partnership with TFG
TymeBank is partly owned by Motsepe’s African Rainbow Capital (ARC) Financial Services Holding.
Billionaire Black family seeks $50 million from wealthy families for diverse content production
The Steward family has a net worth of $5.7 billion.
Egyptian businessman Hisham Talaat Moustafa’s group pledges $167 million toward community development
Hisham Talaat Moustafa holds a 43.16-percent stake in the group.
Jim Ovia gains $61.3 million in 110 days as Zenith Bank shares rise 29 percent on NGX
Ovia owns a 16.2-percent stake in Zenith Bank.
Nicky Oppenheimer’s net worth skyrockets by $200 million in just 21 days
Oppenheimer has seen his net worth soar from $8.03 billion at the start of the year to $8.23 billion.
Cameroonian tycoon Paul Fokam’s Afriland partners with BGFI to co-finance CEMAC region projects
Fokam is one of Africa’s richest men, according to Forbes Afrique.
More than 100 millionaires call for wealth tax to combat inequality
Oxfam revealed earlier this week that three of Nigeria’s richest men are worth more than 83 million Nigerians.
Egyptian businessman Hassan Allam leads cooperation effort to boost investment in Africa
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Herbert Wigwe’s Access Holdings targets 100 million customers in ambitious expansion plan
The group also plans to expand its presence in Europe by opening a new unit in France.
Kenyan multimillionaire Humphrey Kariuki faces legal battle over prime land in Nairobi
Kariuki is a leading Kenyan multimillionaire businessman.
Mauritian Lagesse family-linked firm Transmara Sugar faces $7.8-million farmers claim
IBL Group holds an ownership interest in Transmara Sugar Company.