Tanzania
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.
50 Cent counters Paramount, argues BET is not worth $3 billion
50 Cent said in his Instagram post that BET is not worth $3 billion.
Billionaire Michael Lee-Chin-linked fund faces stunning $7-million loss
Lee-Chin is the founder of Portland Private Equity, the private equity fund company in charge of Portland JSX Limited.
Kanye West’s Yeezy sneakers return for second sale amid high demand
In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.