Nigerian multi-award-winning artist Davido donates more than $300,000 to orphanages across Nigeria
While Davido’s philanthropic efforts are commendable, his music career continues to soar to new heights.
South African tycoon Zak Calisto’s Karooooo posts impressive $9-million profit in Q1
Under Calisto’s leadership, Karooooo Limited has become a leading provider of intelligent transportation management and analytics.
SpaceX, led by world’s richest man Elon Musk, launches satellite Internet service in Kenya
Starlink officially launched in Africa in 2022, with Musk claiming that the satellite Internet service provider will operate anywhere on Earth where it is legally permitted.
Egypt Kuwait Holding, led by Egyptian businessman Sherif El-Zayat, launches $45 million factory
Sherif El-Zayat, the managing director of Egypt Kuwait Holding, revealed that the sulfuric acid factory is projected to achieve an annual production capacity of 165,000 tonnes.
Aga Khan IV’s stake in Nairobi-based media group NMG skyrockets by $2.8 million
The bump in the market value of Aga Khan IV’s stake in NMG reflects investors’ growing confidence and interest in the Kenyan equity market.
GIPLC disburses funds raised at Igho Sanomi charity event for sick children
Sanomi, a prominent Nigerian business leader, is recognized not only for his success but also for his philanthropy.
Kenyan tycoon Ngugi Kiuna bolsters stake in BOC Kenya to counter takeover attempt
According to the report, Kiuna purchased an additional 93,826 shares in BOC Kenya, amounting to a value of Ksh7.2 million ($63,400).
Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
Firm linked to Chris Kirubi’s heirs settles $2.4-million tax charge following Uganda’s tax law amendment
Centum RE is a prominent property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Mauritian businesswoman Stephanie Ha Chow’s ABC Banking Corp stake is worth $5.1 million
Ha Chow holds a 14.59-percent stake in ABC Banking Corp., making her the second-largest shareholder in the Port Louis-based financial services provider.
South African tycoon Stephen Brookes suffers $2.6-million loss from Balwin Properties stake
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, owns a 36.08-percent stake in the company.
Herbert Wigwe’s Access Holdings to acquire Standard Chartered’s Sub-Saharan Africa business
Wigwe owns a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares in the lender.
Kenya’s Merali family faces $6 million blow in 2023 from Sasini Tea stake
With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
Lebanese Prime Minister Najib Mikati’s stake in Africa’s largest telecom company is worth $900 million
Mikati, a three-time prime minister of Lebanon, co-founded the Beirut-based investment firm M1 Group in 2007.
Nigerian banker Aigboje Aig-Imoukhuede to donate $5 million to healthcare initiatives
Aig-Imoukhuede is the former CEO of Access Bank.
Burkina Faso’s richest man Mahamadou Bonkoungou launches Airline
Mahamadou Bonkoungou, Burkina Faso’s richest man, is the founder of the EBOMAF Group