Amsons secures Government approval for Bamburi Cement acquisition
The green light from Kenyan authorities, coupled with unconditional approval from the COMESA Competition Commission, clears the regulatory path for Amsons' buyout bid.
Tanzania
Motsepe sees $100-million wealth boost amid $195-million lawsuit in Tanzania
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
Mohammed Dewji to close 2024 with $300-million gain despite headwinds
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
Indian billionaire Gautam Adani acquires stake in Tanzanian container terminal
Indian billionaire Gautam Adani has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.
Aga Khan IV’s AKHS unveils $6-million cancer care center in Tanzania
The Aga Khan Health Services (AKHS) is one of three AKDN agencies with a health focus, alongside the Aga Khan Foundation and the Aga Khan University.
Africa’s youngest billionaire plans $150-million investment to boost MeTL Group’s growth
The ambitious plan involves injecting $50 million into planting hybrid tea for export and an additional $100 million into Rwandese companies across vital sectors.
India’s richest man Gautam Adani ventures into Tanzania with Ticts acquisition
The UAE-incorporated East Africa Gateway was established to spearhead Adani Group’s interests in East Africa and the broader African continent.
Africa’s youngest billionaire backs Indian startup in $1.1-million funding round
Dewji’s commitment to high-growth regions revealed: From $100-million Rwandan ventures to Swirl’s seed funding.
Africa’s youngest billionaire Mohammed Dewji makes $300 million in just 25 days
This rapid increase in Dewji’s wealth is attributed to the revaluation of his stake in MeTL Group, a conglomerate with an extensive portfolio spanning over 150 products.
Tanzanian billionaire Rostam Aziz begins $1.9-billion LPG plant construction in Mombasa
The project, presently underway within the Dongo Kundu Special Economic Zone, signals a significant milestone for Taifa Gas as it expands its operations beyond Tanzania.
Tanzanian multimillionaire Said Bakhresa set to invest $100 million in Malawi
Bakhresa’s planned investment holds immense significance in enhancing Malawi’s self-sufficiency in cooking oil production.
Tanzanian billionaire Rostam Aziz explores energy and mining investment in Zambia
This strategic move further extends Aziz’s business interests across Southern Africa.
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
Tanzania’s richest man Mohammed Dewji secures land in Rwanda
Dewji is the visionary leader behind MeTL Group, a Tanzanian conglomerate with a diverse portfolio of more than 150 products.
Africa’s youngest billionaire to invest $100 million in four Rwandan firms
Dewji, whose net worth stands at $1.5 billion according to Forbes is Tanzania’s wealthiest man and the youngest billionaire on the continent.