American-Nigerian telecom tycoon Sam Darwish’s IHS Holding to spend $214 million to cut carbon footprint
Darwish owns 3.5 percent of the telecom infrastructure company.
Ethiopian billionaire Mohammed Al-Amoudi gains $130 million in 30 days
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
Kenyan tech tycoon Julius Mwale meets President Julius Bio to discuss interest in Sierra Leone
Mwale is the primary investor in Mwale Medical and Technology City.
South African billionaire Koos Bekker loses $345.5 million in 110 days from stake in Prosus
Naspers is a top cable TV operator and e-commerce investor.
Egyptian billionaire Naguib Sawiris looks to invest $100 million in Morocco’s tech sector
Sawiris recently announced the planned investment move.
Somali tycoon Ismail Ahmed’s Zepz to end 2022 in profit
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.
Egyptian billionaire Nassef Sawiris gains $370 million as net worth rebounds above $6.5 billion
The majority of Sawiris’ fortune stems from his 38.8-percent stake in OCI N.V. and his six-percent stake in Adidas.
35-year-old son of Egyptian billionaire Mohamed Al Fayed plans to launch UAE space business
He is set for an entry into the region through his Swiss-based firm, Earth Space Technical Ecosystem Enterprises.
Led by South African Ackerman family, Pick ‘n Pay posts $19 million in profit in H1 2023
The Ackerman family owns a 25.53-percent stake in Pick ‘n Pay.
Somali tycoon Abdirashid Duale says cost of living crisis has hurt remittances in Africa
Under the leadership of Duale, Dahabshiil has grown into the largest money transfer business in Africa.
Moroccan tycoon Lamia Tazi gains nearly $4.2 million in 155 days
Tazi is the chairperson and CEO of Sothema.
Led by Egypt’s richest family, Orascom adds $670 million in new projects in Q3 2022
Through OS Private Trust Company, the billionaire Sawiris family owns 51.8 percent of the Egypt-based contractor.
Egyptian businesswoman Hend El-Sherbini’s IDH to roll out three new scan centers in 2023
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
Serena Williams’ VC firm backs Nigerian entrepreneur Preston Ideh’s Stears
Ideh said the funds will be used to broaden Stears’ product breadth.
Cement plant owned by Aliko Dangote’s Dangote Cement under ‘lock and key’ as state gov’t plans recovery
The Obajana Cement Factory opened in 2008.
Nigerian entrepreneur Tola Adesanmi’s proptech startup, Spleet, raises $2.6 million to drive expansion
Adesanmi and Dolapo Adebayo founded Spleet after returning to Nigeria from the UK in 2018.