Kenyan businessman John Kimani-linked Kakuzi creates 188 new jobs in 2022
Kakuzi Plc is an agricultural cultivation and manufacturing firm.
South African billionaire Saltzman family gains $42 million in 25 days
The Saltzman family owns a beneficial 45.2-percent stake in Dis-Chem Pharmacies.
Hend El-Sherbini’s IDH hit by profit decline, sees earnings dip below $18 million
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
Gold magnate Ketan Patel gains $1.17 million from stake in Tanzania-based miner
Patel presently holds a 4.22-percent stake in the Tanzania-based mining company.
Safwan Thabet’s Juhayna smashes expectations with $20-million profit
Juhayna Food Industries is majority-owned by renowned Egyptian businessman Safwan Thabet.
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
John Moxon’s stake yields $18.4 million in 14 weeks, cementing his status as one of Zimbabwe’s top investors
Moxon owns a 10.8-percent stake in Meikles Limited.
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
Moroccan businesswoman Lamia Tazi’s Sothema records over $27 million in profit in 2022
Tazi owns a significant 8.4-percent stake in Sothema.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Moroccan billionaire Aziz Akhannouch suffers $400-million net worth drop in first quarter of 2023
The decline in Akhannouch’s net worth can be linked to his shares in Afriquia Gaz SA.
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Zimbabwean billionaire Strive Masiyiwa’s Liquid opens cybersecurity center in Zambia
Liquid C2 operates as a subsidiary of Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent Technologies.
Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
Led by Mauritian mogul Arnaud Lagesse, IBL Group acquires stake in Equator Energy
Lagesse is CEO of IBL Group, one of the largest conglomerates in Mauritius.