Burkinabe tycoon Idrissa Nassa’s Coris Bank advances as finalist in Cape Verde bank acquisition
Under the leadership of Nassa, Coris Bank has emerged as a formidable force in the financial services industry.
South African banker Alan Pullinger loses $2.7 million from FirstRand stake
Alan Pullinger remains one of South Africa’s most affluent executives and one of the wealthiest investors on the Johannesburg Stock Exchange.
Naivas, owned by Kenya’s Mukuha family, faces penalty for data breach violation
Naivas, a retail giant established in 1990 by the late Kenyan tycoon Peter Mukuha Kago, has long held a dominant presence in Kenya.
Byron Allen offers $10 billion to acquire Disney’s ABC network and cable channels
After pursuing a majority stake in BET Media Group, Allen’s recent bid represents a major development in the rapidly evolving media landscape.
South African exec Tsholofelo Molefe earns $1.1-million salary from MTN Group in 2022
Under Molefe’s astute leadership as group CFO, MTN Group has experienced a remarkable surge in profitability and revenue.
Nigerian energy tycoon Wale Tinubu gains $40 million from Oando stake
Tinubu, a towering figure in the Nigerian energy industry, who owns 66.67 percent of Ocean and Oil Development Partners (OODP), has an indirect stake in Oando.
Bank led by Kenyan tycoon James Mwangi partners with MasterCard to expand cross-border payments
Under the visionary leadership of Mwangi, Equity Group has emerged as a dominant force in East and Central Africa.
Nigerian business mogul Ernest Azudialu-Obiejesi orders $76-million luxury jet
Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
South African furniture tycoon Eric Ellerine loses $1.2 million from stake in Sabvest Capital
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
Hotel building owned by Nigerian oil magnate Gabriel Ogbechie collapses
The hotel, valued at several millions of dollars, is located directly across from Delta Mall Asaba.
Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
Tunisian tycoon Moncef Sellami gains $10 million as OneTech shares soar
OneTech’s remarkable growth over the years owes much to the vision of its founder, who established the firm in 1978.
Kenyan billionaire heiress’ husband, Andrew Musangi, approved as CBK chair nominee
Musangi is the founder of Mukite Musangi & Company Advocates (MMC), a prominent Kenyan legal firm.
South African billionaire Adrian Gore’s Discovery expects earnings to surge by 35 percent
Discovery Limited is a Sandton-based insurance conglomerate led by South African businessman Adrian Gore.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm soars by $68 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64-percent stake in the Moroccan property developer.
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