DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.
Tanzania
Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Ethiopia’s richest man Mohammed Al-Amoudi makes shocking comeback on Bloomberg’s 500 richest list
The recent upswing in Al-Amoudi’s wealth follows a temporary exit from the Bloomberg Billionaires Index.
10 assets owned by South Africa’s richest woman, Mary Slack
Slack, the granddaughter of Ernest Oppenheimer and elder sister of Nicky Oppenheimer, owns interests in dozens of ompanies.
Tanzanian billionaire Rostam Aziz apologizes to Judiciary over careless remarks
Aziz issued an apology to Tanzania’s judiciary on Monday after making remarks on June 26 that raised doubts about the independence of the country’s judiciary.
The 10 richest Tanzanians on the Dar es Salaam Stock Exchange
Billionaires.Africa presents its ranking of the 10 richest investors on the Dar es Salaam Stock Exchange in 2023.
Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Tanzanian billionaire Mohammed Dewji wins Industrialist of the Year Award
Dewji was named “Industrialist of the Year” at the All Africa Business Leaders Awards annual gala in South Africa on Friday.
Tanzanian gold magnate Ketan Patel loses $2.3-million on paper as Shanta Gold shares plunge
As the founder of the Tanzania-based mining company, Patel currently holds a 4.22-percent stake in Shanta Gold.
Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
Tanzanian multimillionaire Said Bakhresa lists Zanzibar mansion for $12 million
Bakhresa is the founder of Tanzanian conglomerate, Bakhresa Group.
Tanzanian tycoon Michael Shirima dies at 80
Shirima was the founder of Precision Air, the largest privately held commercial airline in East Africa.
Tanzanian billionaire Rostam Azizi’s mining firm acquires 50-percent stake in Williamson Diamonds
Azizi, chairman of Taifa Mining, lauded the deal as a significant milestone for the company.
Bank linked to Tanzanian billionaire brothers eyes expansion into three African countries
The Rajabali brothers, considered two of Tanzania’s richest individuals, own a combined 2.6-percent stake in CRDB Bank.
Meet Joseph Rutakangwa, Tanzanian entrepreneur revolutionizing market intelligence in Africa
Rutakangwa’s entrepreneurial journey and the success of Rwazi highlight the transformative power of technology.
Bank linked to Tanzanian billionaire brothers enters insurance market with new subsidiary
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.