South Africa’s Johann Rupert loses $600 million as Richemont sales miss and share price falls.
Omokolade Ajayi
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Omokolade Ajayi
Omokolade Ajayi is a financial reporter at Billionaires.Africa. Previously, he worked as a journalist at Nairametrics. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. He has a degree in economics and is a certificate holder of the CFA Institute’s Investment Foundation Program.
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Nigerian businessman Ufoma Immanuel’s Chappal to purchase TotalEnergies’ oil assets for $860 million
Chappal Energies acquires TotalEnergies’ onshore oil assets in Nigeria for $860 million, significantly expanding its portfolio.
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United Capital Plc reports a 65% profit increase to N7.74 billion ($4.9 million) in H1 2024, driven by higher gross earnings.
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Uncover, led by Sneha Mehta, secures $1.4 million in funding to expand into Ghana, Uganda, and the U.S.
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CEO Adaora Umeoji outlines plans to expand into French-speaking Africa, launch fintech subsidiary ZenPay, and complete a $143.33-million recapitalization.
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Talaat Moustafa tops list, as stake in TMG Holdings explode to $1.28 billion, dethroning steel tycoon as Egypt’s top investor.
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TymeBank, backed by Africa’s first Black billionaire Patrice Motsepe, eyes affluent market
South Africa’s TymeBank, backed by billionaire Patrice Motsepe, is expanding beyond its mass-market focus to target affluent customers.
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Darwish’s IHS Holdings stake drops $9.35 million over 45 days amid 18.36-percent share decline.
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TMG Holding’s new $20.9 billion SouthMED resort on Egypt’s North Coast secured a staggering $4.2 billion in bookings within just 12 days.
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Key Point Elsewedy Electric, a leading cable and electrical equipment manufacturer led by Egyptian businessman Ahmed El-Sewedy, has secured a QAR1 billion …