Mauritian tycoon Arnaud Lagesse’s IBL eyes new deal in East Africa
IBL is a renowned, multifaceted Mauritian conglomerate.
Controlled by Kenya’s richest families, NCBA Group lends Mauritian firm $10.7 million
NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
Ethiopia’s richest man Mohammed Al-Amoudi gains $420 million in 11 weeks
Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
360 UHNWIs lose billionaire status in 2022, Switzerland’s biggest bank says
According to the group, there were 2,668 dollar billionaires in 2022, 87 fewer than a year earlier.
Meet Mike Heyink, South African entrepreneur who raised $23 million for his startup this year
Heyink worked as a private equity analyst at Metier before co-founding Yellow in 2018 with Maya Stewart.
July Ndlovu-led Thungela expects full-year earnings to surpass $800 million in 2022
Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
African-American mogul Ye’s Yeezy brand owes $600,000 in unpaid state taxes
Four of his bank accounts have allegedly been frozen on a $75-million hold.
South African billionaire Christo Wiese-linked Shoprite to open 275 new stores
Wiese owns 11.58 percent of the leading retail group.
Moroccan pharma mogul Lamia Tazi’s Sothema acquires stake in European startup
The French startup Ziwig is revolutionizing medical diagnostics.
Egyptian billionaire Naguib Sawiris’ Orascom recovers sharply as profit soars above $10 million
Orascom Investment Holding maintains investments in the telecom, media, and technology sectors.
Widow of late Tanzanian billionaire Reginald Mengi suffers legal setback in inheritance row
Tanzanian billionaire Reginald Mengi died on May 2, 2019, in Dubai, UAE.
Issad Rebrab’s Cevital opens multimillion-dollar electric motors factory in Algeria
The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
Global police agency Interpol confirms red notice for Angolan billionaire Isabel dos Santos
According to Forbes magazine, dos Santos was once Africa’s richest woman.
South African mogul Neal Froneman-led Sibanye to spend $616 million on Finland lithium project
Froneman holds a 0.074-percent stake in Sibanye-Stillwater.
Tyler Perry signs deal with Amazon Studios to make four new movies
At the time of writing, Perry’s net worth was estimated to be $1 billion.
South African exec Gus Attridge loses $10 million in 13 days from stake in Aspen Pharmacare
Attridge owns a 4.26-percent stake in the company.