Christo Wiese-linked retailer Steinhoff to list mattress firm on New York Stock Exchange
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Chidi Emenike
Led by Co-Founder Simeon Ononobi, Nigerian startup ThankUCash raises $5.3 million
ThankUCash is a multi-merchant loyalty and cashback platform.
Joshua Oigara-led KCB Bank commits $7.1 million to support MSMEs in Kenya
KCB Bank operates as a subsidiary of KCB Group, one of the largest commercial banking groups in East Africa.
Zimbabwean tycoon Kudakwashe Tagwirei loses lucrative e-passport deal
CBZ Bank had earlier bagged a deal that would see it pocket $20 for every e-passport application in Zimbabwe.
Nigerian tech entrepreneurs Chukwudi Enyi, Moses Nmor’s Bfree raises $1.7 million in pre-seed funding
Bfree deploys strategic solutions to increase repayment rate on loans through the use of tech tools and data from credit institutions to predict customers’ risk profiles.
Wealthy Rai family of Kenya set to launch $44-million sugar plant
The Naitiri Sugar plant owned by the wealthy Rai family of Kenya is set to commence operations before the end of Q1 2022.
Ghanaian tech entrepreneur Gregory Rockson’s mPharma secures $35 million in Series-D funding
mPharma manages inventory for mom-and-pop pharmacies across Africa.
Despite ongoing litigation by Kenyan tycoon Julius Mwale, Sarrai Group resumes work at Mumias Sugar
Sarrai Group recently won a multibillion-shilling tender to control Mumias Sugar, but the win has been challenged in court.
Led by Sultan Ahmed bin Sulayem, DP World to build $1.1-billion deep-water port in Senegal
Founded in September 2005, DP World is a state-owned port operator based in Dubai.
Canadian software company Volaris acquires majority stake in Sbu Shabalala’s Adapt IT
Volaris acquired a 63.87-percent stake in Adapt IT.
Nassef Sawiris’ Orascom Construction to build $20-million Heart Care Center in Rwanda
The complex will include a research wing, clinics, operation theaters, pharmacies, an administrative block, laboratories and accommodation.
Christo Wiese’s Invicta moves to acquire UK-based spare parts distributor, KMP Holdings, in $17-million deal
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.
James Mwangi’s Equity Bank secures $165-million credit facility from IFC days after buy-in
The credit facility is a seven-year Tier 2, Basel II-compliant subordinated loan.
Kenyan court freezes Mumias Sugar lease to Uganda-based Sarrai Group after Julius Mwale litigation
Justice Anthony Ndung’u has temporarily suspended the leasing of the ailing sugar miller.
Nigerian tycoon Tony Elumelu opens portal for 2022 entrepreneurship program
The portal for this year’s application is active and interested applicants are urged to apply.
Prosus N.V., led by South African billionaire Koos Bekker, announces share buy-back worth $118.5 million
Founded in 1997, Prosus N.V. is a global consumer Internet group and one of the largest technology investors in the world.