Rolaco boosts interest in Egyptian tycoon Khaled Mahmoud’s group with 1.46 million shares
MM Group has successfully expanded its distribution network to cover more than 40,000 points of sale in Egypt.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan reaches $1-billion valuation in funding round
Under Nakhla, the fintech startup made strides in expanding its portfolio in 2022 with the strategic acquisition of Talabeyah.
Dangote named leading figure of the year by Vanguard
Dangote, who is the richest man in Africa, was honored for his leadership and contributions to the development of the Nigerian economy.
Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Beyonce’s net worth more than doubles to over $450 million in eight years
Beyonce’s success extends far beyond her music empire.
Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Kenyan banker James Mwangi’s Equity Group receives approval to acquire Spire Bank
Mwangi owns 3.38 percent of the financial services group.
U.S. billionaire Jeff Bezos’ cloud business AWS launches new Local Zones location in Lagos
AWS is a subsidiary of Amazon.com, Inc.
Egyptian billionaire Yasseen Mansour’s Palm Hills set to cut capital by $4 million
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Nigerian entrepreneur and energy tycoon Michael J. Prest ventures into renewable energy
Prest is the founder of Petrodel and Bank of Nevis International.
Orascom, led by Sawiris family, to pay out $21.6 million to shareholders
Orascom Construction is a Cairo-based multinational engineering and construction firm.
Egyptian tycoon Safwan Thabet and son freed after two years of detention
Thabet is a well-known Egyptian businessman who founded and previously led Juhayna Food Industries.
Algerian mogul Abderrahmane Benhamadi’s Condor sells Alver to French giant Castel Group
The sale is a strategic move to refocus the company on its core operations.
Beyonce to pocket $24 million from private performance at Dubai’s Atlantis The Royal
Beyonce is one of the richest Black women in the world.
South African mogul Zak Calisto’s Karooooo posts $26 million in earnings in 9M 2023
Calisto founded Karooooo in 2001.
Dr. Dre sells Calabasas mansion for $6 million
The home boasts six bedrooms and seven baths.