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.
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.