Johann Rupert’s Remgro, MSC reach agreement on Mediclinic acquisition terms
Rupert’s investment firm, Remgro, owns 44.6 percent of Mediclinic, South Africa’s largest hospital operator.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods reports more than $90 million in profit in H1 2022
Rabiu and his son own 99.8 percent of the newly established food business.
South Africa’s richest man Johann Rupert gains $1 billion in July as investors react to Richemont’s Q1 results
The majority of Rupert’s fortune stems from his stake in Richemont.
Mauritian Lagesse family-linked firm Alteo acquires further $8.2-million stake in Transmara Sugar
The Mauritian Lagesse family and the Dalais family both control a portion of Alteo Limited through related entities.
Nigerian telecom tycoon Bassim Haidar puts yacht ‘Bash’ on sale for $10 million
The Nigerian-Lebanese telecom tycoon is listing his 208-foot yacht, “Bash,” for sale.
Botswana-based mogul Jonathan Gibson’s Chobe suffers over $3.3 million in losses in 2021
Gibson owns 35.6 percent of the company.
Dar es Salaam-based multimillionaire Hans Macha gains $1.5 million from stake in CRDB Bank
Macha’s interest in Tanzania’s leading banking group is worth more than $5 million.
British-Nigerian entrepreneur Ladi Delano’s Moove partners with Uber to launch India ride-hailing fleet
The move marks Moove’s first global expansion outside of Africa.
Cosmetics billionaire Robyn ‘Rihanna’ Fenty looks to launch haircare line under billion-dollar brand
Recently, Rihanna as seen her net worth fall by $300 million.
Portuguese gov’t accuses Angolan businessman Alvaro Sobrinho of embezzling hundreds of millions of dollars
The businessman was charged with aggravated fraud and the lodging of about $6.12 billion.
Algerian tycoon Issad Rebrab’s Cevital partners with WEG to form electrical machinery company
The JV will produce motors for washing machines manufactured by Cevital and other partners.
Michael Joseph-led Kenya Airways suspends London route ticket sales amid UK travel chaos
The recent development has the potential to significantly impact KQ’s third-quarter financial performance.
Moroccan PM Aziz Akhannouch’s net worth slumps by $300 million
Akhannouch derives the majority of his fortune from Akwa Group.
Egyptian tech tycoon Mostafa Kandil’s Swvl partners with German gov’t to power electric shuttles
Swvl is a global provider of transformative tech-enabled mass transit solutions.
Swvl, tech startup led by Egyptian entrepreneur Mostafa Kandil, moves to acquire Mexico’s Urbvan
Swvl is a global provider of transformative tech-enabled mass transit solutions.
French businessman Jeremy Hodara’s Jumia partners with Realme to drive African smartphone adoption
Jumia is Africa’s leading e-commerce platform.