Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
The startup, Capricorn Digital, has an impressive footprint across Nigerian households.
In doing so, it has created a global Internet transit route that avoids high-risk bottlenecks in the Middle East and Europe.
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Investors have intensified their buying interest in CIEL shares after it posted a triple-digit growth in profit.
Seplat Energy is a leading Nigerian independent energy company.
About 8,300 people in Kenya hold high-net-worth-individual status.
Econet Wireless is an entrepreneurial technology group and the biggest telecom operator in Zimbabwe.
The tech company leverages digital and financial technologies to build shared economies.
Raval's Devki Group has a near monopoly on Kenya's cement market. Clinker is a raw material used in cement production.
The company made the disclosure this morning, Oct. 18, in a statement issued from its office in Nairobi.