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.
Africa’s richest man Aliko Dangote plans 300,000 jobs for Nigerians
Dangote Group is poised to cement its position as the second-largest employer of labor in Nigeria.
Swazi billionaire Natie Kirsh’s net worth gains $740 million in 41 days
Kirsh’s year-to-date wealth loss is $379 million.
African-American billionaire Robert Smith’s Vista Equity mulls acquisition of Coupa Software
Vista Equity Partners is focused on software investments.
U.S. billionaire Bill Gates-backed firm sells stakes worth $8.2 million in Kenya hospitals
Evercare Health Fund is a U.S.-based private equity fund.
South African billionaire Johann Rupert sees net worth rise by $1.76 billion in November
Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
Kenyan tycoon Narendra Raval’s Devki Group opens $240-million steel factory
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Elon Musk’s Starlink to launch satellite Internet service in Tanzania in 2023
Starlink provides global high-speed, low-latency broadband Internet.
Egyptian billionaire Nassef Sawiris gains $360 million in 22 days
Sawiris derives the majority of his fortune from his 38.8-percent stake in OCI N.V. and his six percent stake in Adidas.
South African-born billionaire Patrick Soon-Shiong’s net worth gains $370 million in 51 days
The recent increase reduced his year-to-date wealth loss to $875 million.
Egyptian businessman Hani Berzi’s Edita posts $25.7 million in profit in 9M 2023
Berzi owns a 41.95-percent stake in the leading packaged food maker through Quantum Invest BV.
U.S. billionaire Bill Gates commits $7 billion to support health, agriculture in Africa
The Gates Foundation has distributed more than $80 billion in grants, not including the $7 billion just earmarked for Africa.