Bernard Antwi Boasiako
EntrepreneursLatest News

Ghanaian businessman Bernard Boasiako faces fresh charges over $1.2 million Exim Bank fraud

Ghanaian businessman Bernard Boasiako faces fresh charges over alleged GHC14 million ($2.6 million) Exim Bank fraud and GHC30 million ($2.6…

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesHot News

How Ethiopian billionaire Mohammed Al-Amoudi’s failed refinery left Morocco with a $7 billion bill

The refinery’s collapse unfolded alongside a dramatic period in Al-Amoudi’s personal life.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy tycoon Wale Tinubu
EnergyBusinessHot News

Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap threatens its 2030 development goals

The Oando Group CEO argues that energy must remain central to the discussion because reliable power underpins much of the…

Omokolade Ajayi Omokolade Ajayi
Africa’s richest person Aliko Dangote
BillionairesHot News

Aliko Dangote targets 2028 IPO for $3B fertiliser business

The business currently operates a fertiliser plant in Ibeju-Lekki, Lagos, with annual urea capacity of about 3 million tonnes.

Omokolade Ajayi Omokolade Ajayi
Access Holdings
BankingLatest News

Access Holdings’ banking arm redeems $500 million 5-year Eurobond at maturity

Access Bank redeems its $500 million Eurobond at maturity, fully repaying the five-year debt from its foreign-currency liquidity resources.

Feyisayo Ajayi Feyisayo Ajayi
Pool at Long Beach Resort, part of Sun Limited’s hotel portfolio.
CompaniesHot NewsLuxury

Mauritian resort giant Sun Limited posts $33 million profit, ups payout 33%

Profit after tax from continuing operations rose 14.8 percent to MUR1.52 billion ($32.9 million) from MUR1.33 billion a year earlier.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesHot News

Africa’s first Black billionaire Patrice Motsepe loses $200 million in 3 weeks

The decline follows a rebound that lifted Motsepe’s fortune to $3.7 billion in late August, where it remained through the…

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, South African billionaire & Remgro chair
CompaniesLatest News

Reinet, chaired by Johann Rupert, exceeds $75 million in share buybacks

Reinet Investments, chaired by Johann Rupert, surpasses $75 million in cumulative share buybacks after acquiring 2.78 million shares since August.

Feyisayo Ajayi Feyisayo Ajayi
Albaraka Bank
BankingLatest News

Al Baraka Bank Egypt moves to acquire 273.7 million A.T. Lease shares in share-swap deal

Al Baraka Bank Egypt targets 273.7 million A.T. Lease shares through a share-swap deal, strengthening its position in Egypt's leasing…

Feyisayo Ajayi Feyisayo Ajayi
Senegalese football star Sadio Mané
InvestmentsHot NewsSports

Senegalese football star Sadio Mané invests $20 million in hometown mango project

The project will sort and export fresh mangoes while producing mango pulp, dried fruit and mango butter for local and…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
EnergyHot News

Aliko Dangote plans $3.5 billion pipeline linking Namibia, Botswana, and South Africa

Dangote said the Southern African route is part of a wider pipeline program that could eventually give the group almost…

Omokolade Ajayi Omokolade Ajayi
Kenyan banker James Mwangi
MarketsLatest News

Kenyan banker James Mwangi’s Equity Group stake tops $100 million after rally

Kenya’s richest banker James Mwangi sees his Equity Group stake top $100 million as a 54 percent stock surge drives…

Omokolade Ajayi Omokolade Ajayi
South African billionaire Ivan Glasenberg
BillionairesBusinessLatest News

Glencore’s $2 billion lawsuit costs South African billionaire Ivan Glasenberg $1.3 billion

The decline reflects the weaker value of his Glencore stake, which has fallen below $10 billion to $9.09 billion as…

Omokolade Ajayi Omokolade Ajayi
Harmony Gold
MiningHot News

Harmony Gold launches $500 million convertible bond offering to optimise funding

Harmony Gold launches a $500 million convertible bond offering to lower funding costs, diversify capital sources and optimise its balance…

Feyisayo Ajayi Feyisayo Ajayi
InvestmentsLatest News

Egyptian fintech founder Islam Shawky’s Paymob raises $35 million to expand across MENA

Egyptian fintech Paymob raises $35 million in pre-Series C funding to expand payments infrastructure across Middle East and North Africa.

Feyisayo Ajayi Feyisayo Ajayi
Devland
Companies

10 businesses linked to Gathoo brothers, South African millionaires behind Devland

Gathoo Brothers, Mahomed and Shiraz Gathoo built a diversified South African business network spanning grocery retail, wholesale, property and trading.

Feyisayo Ajayi Feyisayo Ajayi
PLP Properties
InvestmentsHot News

Feghali, Nassar families’ PLP Properties secures $10 million for Accra hotel

PLP Properties secures $10 million from IFC to develop a 170-room Hampton by Hilton hotel near Accra’s international airport.

Feyisayo Ajayi Feyisayo Ajayi
GoTyme Bank digital banking products including debit card, mobile app, and ATMs in South Africa
BankingHot News

Patrice Motsepe’s GoTyme Bank expands Shari’ah financing across South Africa

GoTyme Bank expands Shari’ah-compliant funding to South African businesses, offering an alternative to conventional interest-based financing.

Feyisayo Ajayi Feyisayo Ajayi
Enko Capital
InvestmentsHot News

Enko Capital attracts CDC Benin investment for Francophone West Africa SME fund

Enko Capital secures CDC Benin investment for its Francophone West Africa SME fund, strengthening institutional backing for regional businesses.

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns
SportsHot News

Patrice Motsepe’s Mamelodi Sundowns defeat Al Ahli to lift African-Asian-Pacific Cup

Mamelodi Sundowns defeated Al Ahli 2-1 to win the African-Asian-Pacific Cup and advance in FIFA’s Intercontinental Cup.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s 20 most valuable companies in September 2024

At a Glance South Africa dominates Africa’s top companies list, reflecting its economic and industrial strength on the continent. Naspers Limited leads as Africa’s most valuable company with a $36.2 billion market cap, showcasing global tech prowess. Of 20 top companies, 17 are South African, while Morocco, with a 3.4% GDP growth, highlights its rising economic influence. A glance at…

Vodacom executive share awards
BusinessHot News

Vodacom CEO Aziz Joosub, top brass unlock over $5 million in share awards

Vodacom awarded over $5.01 million in share incentives to CEO Aziz Joosub and top executives under a three-year JSE-linked vesting scheme plan today.

Chirundu border between Zimbabwe and Zambia.
BusinessMining

Zimbabwe lands funding to transform a major gateway for commodity trade

Zimbabwe advances a $66.8 million upgrade of the Chirundu border with Zambia, targeting delays on a key Copperbelt trade route.

Oluwatosin Alao Oluwatosin Alao
Nissan Tekton SUV
BusinessMarkets

Nissan unveils Tekton SUV in South Africa after Rosslyn plant sale

Nissan Tekton South Africa enters a new import era after Nissan exits local production, as the SUV launches from R339,999 ($20,940).

Timilehin Adejumobi Timilehin Adejumobi
Banque Misr
BankingBusiness

Egypt’s NBE set to acquire Banque Misr’s UAE banking operations

NBE Banque Misr acquisition gets UAE preliminary approval as Egypt combines its banks’ UAE operations amid US pressure.

Timilehin Adejumobi Timilehin Adejumobi
Bernard Antwi Boasiako
EntrepreneursLatest News

Ghanaian businessman Bernard Boasiako faces fresh charges over $1.2 million Exim Bank fraud

Ghanaian businessman Bernard Boasiako faces fresh charges over alleged GHC14 million ($2.6 million) Exim Bank fraud and GHC30 million ($2.6 million) state financial loss.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesHot News

How Ethiopian billionaire Mohammed Al-Amoudi’s failed refinery left Morocco with a $7 billion bill

The collapse of Mohammed Al-Amoudi’s Samir refinery left Morocco facing a $7.1 billion economic toll, unpaid debts, and years of bitter legal battles.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy tycoon Wale Tinubu
EnergyBusinessHot News

Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap threatens its 2030 development goals

Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap could threaten its 2030 goals as the continent seeks reliable power and investment.

Omokolade Ajayi Omokolade Ajayi
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