Lagos-based Greek tycoon John Coumantaros’ stake in Flour Mills nears $100 million
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
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Nigerian billionaire Femi Otedola's wealth rises $200 million in 12 days despite naira's ongoing decline
This brings his fortune to $1.6 billion, cementing his position as one of Africa’s richest and most influential businessmen.
Access Holdings receives approval to establish Namibian banking unit
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
NNPC ends exclusive deal with Dangote’s refinery, opens portal for direct fuel supply
Nigeria’s state-owned oil company ends exclusive agreement with Dangote’s refinery, opens fuel market to competition.
Nigerian entrepreneur Cosmas Maduka's Coscharis unveils $4-billion green energy initiative
The ambitious project signifies a pivotal move toward sustainability in Nigeria’s energy landscape.
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Orascom Construction partners with Modon for Egypt’s Ras El Hekma mega project
Orascom Construction, a global engineering leader, expands its footprint with the Ras El Hekma mega project.
Mondi to acquire Schumacher packaging assets in $682 million deal, expanding European presence
The addition of Schumacher’s assets will increase Mondi’s capacity to produce fiber-based products, offering more sustainable alternatives to plastic packaging.
Royal Bank of Canada increases stake in South African retailer Clicks
Royal Bank of Canada increases stake in Bertina Engelbrecht-led Clicks Group, solidifying position as major shareholder.
Adenia partners enters Egypt, strengthening African presence
This marks the firm’s eight location across the continent and underscores its commitment to responsible investing and sustainable development in Africa.