Wealthy Ventriglia family of Zambia faces off in yet another legal saga over Zambezi Portland Cement
Zambezi Portland Cement is a leading cement manufacturer in Zambia.
Chidi Emenike
Kenyan tycoon Julius Mwale threatens court action after losing hold over Mumias Sugar
After losing their bid to revive Mumias Sugar, Mwale and Gale are challenging the tender process.
Egyptian billionaire Nassef Sawiris-led Orascom approves acquisition of three companies
Founded in 1950 by late Egyptian tycoon Onsi Sawiris, Orascom Construction is an Egypt-based engineering and construction giant.
Namibian tycoon Quinton van Rooyen-linked Meya Mining receives $150 million to scale up production
Meya Mining is majority-owned by Quinton van Rooyen’s Trustco Resources in partnership with Sierra Leonean company, Germinate SL Limited.
Led by Mostafa Kandil, Egyptian ride-hailing startup Swvl set to list on U.S exchange
Swvl is a ride-hailing startup that provides a semi-private alternative to public transport.
Seven tycoons and multimillionaires in Ghana you’ve probably never heard of
Touted as one of the fastest-growing economies in Africa, Ghana is home to 110 multimillionaires and 2,800 HNWIs.
Kenyan tech entrepreneur Manoj Shanker in pains as Techno Brain loses $60-million Malawi e-passport contract
The development follows a series of public demonstrations against the contract.
Controlled by Kenya’s richest men, Britam now set to divest 4.2 percent of its Equity Group shares to IFC
Britam Holdings is a diversified financial services provider with a presence in Southern and East Africa.
Kenyan tycoon Ashok Doshi, wife sue CBK, Imperial Bank over $8.8-million deposit
Doshi is the owner of Doshi Group, a provider of steel, electrical, water, hardware and telecom solutions.
Led by Osayi Izedonmwen, Nigerian ed-tech startup Teesas secures $1.6-million pre-seed funding
Teesas connects outstanding tutors and learners to facilitate an effective learning experience via technology.
Nigerian multimillionaire Mohammed Indimi donates complex to local university
Indimi is the chairman and founder of Oriental Energy Resources, a privately held Nigerian oil exploration and production company.
Egyptian billionaire Nassef Sawiris close to sealing $321 million MLS soccer deal
Sawiris and Wes Edens are looking to set up an MLS outfit in Las Vegas.
Nigerian billionaires Dangote, Rabiu, others get $73 million in sugar subsidies
The subsidies program targets operators acting under Nigeria’s sugar backward intervention program.
Ten African startups that raised more than $100 million this year
This year remains unprecedented in the annals of African tech startups. It was a record-breaking year in terms of funding.
South African billionaire Michiel Le Roux hedges $157.2 million in Capitec shares over market worries
Le Roux is the founder of Capitec Bank and the fifth richest man in South Africa.
Tech tycoon Leo Stan Ekeh donates $121,700 to support Nigerian Computer Society
Ekeh is the founder of Zinox Technologies and the owner of the Nigerian e-commerce giant, Konga.com.