Led by UK-based entrepreneur, Telecel acquires stake in MTN Guinea, Guinea-Bissau units
Telecel’s acquisition of stakes in MTN Guinea-Bissau and MTN Guinea-Conakry is expected to drive growth and further development in these regions.
Hot News
Egyptian tycoon Hani Berzi loses $207 million amid devaluation and share dip
Despite the recent decline in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Exchange.
MTN led by Zimbabwean exec Ralph Mupita to invest $1.8 billion in data, fintech services in 2024
Under Mupita’s leadership, MTN Group has achieved significant milestones, serving over 289 million customers across 22 countries.
Kenyan tycoon Suresh Bhagwanji Shah gains nearly $7 million from I&M stake
Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
Moroccan real estate mogul Alami Lazraq nets nearly $18 million from ADI stake
This recent increase not only bolsters Lazraq’s net worth but also reaffirms his status as a leading investor on the Casablanca bourse.
Startup led by Nairobi-based entrepreneur secures $3-million investment from CFAO
According to Bhattacharya, CEO of BasiGo, the partnership with CFAO Group marks a significant milestone in the company’s journey.
South African tycoon Laurie Dippenaar loses $17.2 million in FirstRand shares
Despite the notable decline in his stake’s value, Dippenaar remains a top investor on the JSE and one of the most affluent business leaders on the African continent.
WPP Scangroup faces potential job cuts post $30-million lawsuit by Kenyan tycoon Bharat Thakrar
This decision, triggered by the challenges in meeting revenue targets, aims to align the firm with market demands and macroeconomic trends.
South African billionaire Saltzman family’s Dis-Chem stake gains $21 million
The $21.08-million increase in the market value of the Saltzman family’s stake in Dis-Chem solidifies their position as significant investors on the JSE.
South African tycoon Jonathan Jawno’s Transaction Capital sells Australian unit of Nutun
Aligned with its value-maximization strategy, Transaction Capital is also pursuing the separation of its WeBuyCars unit, targeting R1.25 billion ($65 million) in capital.
Ugandan tycoon Charles Mbire’s MTN Uganda reports $127.1 million in profit in 2023
Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
South African banker Sim Tshabalala-led Standard Bank provides $31.6 million in sustainable financing to CNBM
This initiative includes a R500-million ($26.4 million) invoice financing facility and a R100-million ($5.3 million) working capital facility.
Moroccan businessman Anas Sefrioui’s stake in ADH nears $600 million
Over the past three weeks, ADH’s share price has experienced significant growth, pushing the market value of Sefrioui’s stake up by MAD890.33 million ($88.19 million).
Kenyan banker Paul Russo-led KCB seeks $200-million loan for Kenyan subsidiary
KCB Bank Kenya’s loan book has surged in recent years, outpacing its deposit base.
South African billionaire Nicky Oppenheimer’s net worth climbs to $10.7 billion
With a current net worth of $10.7 billion, Oppenheimer ranks 223rd on the global wealth list.
Moroccan tycoon Lamia Tazi stake in Sothema rebounds above $60 million
Tazi’s recent financial gains are tied to the surge in Sothema’s stock on the Casablanca bourse.