Tanzanian multimillionaire brothers Aunali and Sajjad Rajabali’s stake in CRDB bank soars
Its market value has climbed 35 percent in under two months.
African billionaire
Sawiris-backed Endeavour to buy Teranga Gold in $1.86-billion deal
The combined company will produce about 1.5 million ounces of gold per year across West Africa.
John Coumantaros’ Flour Mills to invest $300 million to raise sugar production capacity
It will invest at least $300 million in building a new plant and a 15,000-hectare sugarcane plantation.
Equity Group Managing Director James Mwangi sees stake rise by $8.9 million
The surge follows a rise in the company’s shares on the Nairobi Stock Exchange.
Tom Vernon’s football academy expands to Egypt with new billionaire owner
Egyptian billionaire Mohammed Mansour has invested $120 million for a controlling stake in the organization.
South Africa’s World Sports Betting acquires iDiski Media: Group CEO Warren Tannous
The company will leverage iDiski’s wider reach within the South African market.
Ghanaian serial investor Daniel Ofori to pocket $292,000 CalBank dividend
CalBank is a leading commercial bank in Ghana.
Zimbabwean mogul Strive Masiyiwa’s stake in Econet Wireless soars by $61 million
The value of his shares has increased by 183.05 percent since the start of the year.
Nigerian National Petroleum Corporation looks to acquire minority stake in Dangote refinery
According to the NNPC, discussions have already been initiated.
Tanzanian billionaire Said Bakhresa signs football mega-deal; Azam Media CEO eyes World Cup
The 10-year agreement is set to start next season.
Royal Family of Morocco’s stake in Attijariwafa Bank gains $275 million in 56 days
The bank’s share price has risen by about six percent since April 1.
soleRebels Founder Bethlehem Alemu launches Ethiopian bank with $116.3 million in capital
Selam Mortgage Bank aims to create the largest generation of homeowners in Ethiopian history.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
Africa’s richest man Aliko Dangote pledges to become Tanzania’s economic ambassador
Dangote lauded the business climate created by Tanzanian President Samia Suluhu Hassan.
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.