South African cable behemoth offers $281.5 million for stake in Adekunle Adeniji’s BetKing
The offer came after Multichoice’s board granted approval to increase its stake in the sports betting company.
African billionaire
Paga could reach $1-billion valuation within ‘next year or two’: CEO Tayo Oviosu
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
Shares of Kenyan investment banker Jimnah Mbaru in Britam gain $1 million
The gains are the result of an upward trend in the group’s shares on the Nairobi Stock Exchange.
Tycoon Joseph Siaw Agyepong’s Zoomlion Ghana unveils 126 waste management trucks in Ghana
The trucks will be used to cart waste to landfills and waste management facilities.
Guy Roger Ngatcha-led Panafrican Energy Services Group secures major oil deal in Cote d’Ivoire
Earlier, the company made history as Tanzania’s first natural gas producer.
Egyptian steel tycoon Ahmed Ezz acquires additional 33.4-percent stake in Ezz Steel
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.
Tunisian businessman Hisham Ahmed Al-Rayes’ GFH acquires British International School of Tunis
The move further expands GFH’s presence on the Tunisian market.
Hyundai South Africa CEO Niall Lynch’s stake in Motus Holdings gains $29.3 million
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.
CEO Alan Pullinger’s stake in FirstRand gains $650,000 amid high investor expectations
The bank’s earnings are expected to rise by at least 35 percent in the year through June.
Mombasa-based Babla family sees stake in KCB surge by $3.7 million in 128 days
The uptick in market value follows a rise in the company’s share price on the Nairobi Stock Exchange.
Telecom billionaire Mo Ibrahim criticizes wealthy nations for hoarding COVID-19 vaccine
The telecom mogul stressed that global competition for vaccines has left emerging countries in dire straits.
Gambian real estate mogul Mustapha Njie looks to create 25 million jobs in Africa
Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.
Zimbabwean star financier Andrew Chimphondah inks affordable housing deal with BancABC
Chimphondah’s Shelter Afrique focuses exclusively on supporting affordable housing in Africa.
Egyptian billionaire Samih Sawiris first foreigner to receive honorary citizenship in Swiss canton of Uri
Sawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
Africa’s wealthiest man Aliko Dangote gains $300 million as shares in Dangote Cement rise
The share price increased from $0.51 (N212.00) on June 1 to $0.54 (N221.50) at close of market today.
Egyptian auto mogul Raouf Ghabbour’s shares in GB Auto decline by $21 million
The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.