3+ day, 1+ hour ago   (691+ words) Bridge Bank lists in Abidjan on Sept. 24 after Yerim Sow's holding company sold a fifth of the Ivorian lender in an oversubscribed offer. Bridge Bank Group Côte d'Ivoire will begin trading on West Africa's regional stock exchange on Sept. 24, completing…...

3+ day, 2+ hour ago   (714+ words) Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre. Two African billionaire businesses have joined Vodafone to build Egypt's first sovereign artificial intelligence data centre, in a project the…...

3+ day, 18+ hour ago   (603+ words) Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting. South African billionaire Johann Rupert has appointed his son Anton…...

3+ day, 12+ hour ago   (333+ words) In one of Africa's smallest economies, Muhammed Jah turned $16,000 — a student stipend and an uncle's loan — into The Gambia's largest conglomerate: its first internet provider, first 3G network, a bank and its first data centre. A national champion built from almost…...

4+ day, 11+ hour ago   (616+ words) Moulay Hafid Elalamy has closed the €355 million derivative he used to build a stake in Teleperformance, and holds about 12.5% of the CAC 40 group. Moulay Hafid Elalamy has closed the derivative contract he used to build his position in Teleperformance and…...

4+ day, 23+ hour ago   (392+ words) Paul Obambi grew up barefoot in Brazzaville's Poto-poto neighborhood, bought a removals company in 1990, sold it and built Sapro Group into Congo's most diversified private empire across 11 countries. The most commercially ambitious project of Obambi's career, and the one that…...

5+ day, 16+ hour ago   (1000+ words) Samuel Dossou-Aworet, Fola Adeola and Ladi Jadesimi hold Aradel stakes worth $556 million, $250 million and $239 million between them. Five individuals hold 24.25 percent of Aradel Holdings between them, a position worth about $1.1 billion at the current share price. Aradel closed at 1,450 naira,…...

5+ day, 20+ hour ago   (1727+ words) Lebashe holds 8.5 million Capitec shares worth R39.6 billion, pledged to two banks as security for the loans that bought them. Lebashe Investment Group told a South African court in 2022 that it held approximately 8.5 million shares in Capitec Bank Holdings, the Johannesburg-listed…...

5+ day, 20+ hour ago   (684+ words) Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each. Aliko Dangote signed the offering documents for his refinery's initial public offering at the Eko Hotel in Lagos on Monday,…...

5+ day, 21+ hour ago   (1154+ words) FirstHoldCo and Dangote Cement join the FTSE Frontier 50, a far more selective index than the broader series 10 Nigerian firms entered. Companies controlled by Forbes-ranked Nigerian billionaires Femi Otedola and Aliko Dangote have been admitted to the FTSE Frontier 50 Index, a…...