Controversial Kenyan tycoon Jimi Wanjigi set to run for presidency
Kenya’s next presidential election is scheduled for Aug. 9, 2022.
Chidi Emenike
Nigerian tycoon Julius Rone signs $2-billion deal to launch first floating LNG project
The project is expected to be fully completed in 2026.
South Africa’s five richest men and how they made their money
South Africa is home to the second-highest number of billionaires in Africa.
James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa
Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
Mauritian financial powerhouse AfrAsia Bank appoints Malachy McAllister as new CEO
McAllister is a veteran banker with an enviable track record of strategic leadership and cognate experience that spans more than three decades.
More trouble for Algerian tycoon Ali Haddad as court unravels fresh case of fraud
The long-time ally of the late former Algerian President Abdelaziz Bouteflika appeared before a court in Fellaoucene yesterday.
Nigerian billionaire Abdul Samad Rabiu unveils food company BUA Foods, set to list on NGX
BUA Sugar Refinery Limited, BUA Oil Mills Limited, IRS Flour, IRS Pasta and BUA Rice Limited have merged to form BUA foods.
U.S.-based investment firm divests $10.75 million in shares in Al-Moataz Adel Mahmoud Al-Alfi’s led EKH
EKH is an Egyptian investment company with a diversified portfolio of investments.
Led by Mohamed El-Shinnawy, Egyptian entertainment startup Minly acquires Oulo video-gifting platform
Minly is a digital platform that allows celebrities to connect to teeming fans through a new form of personalized experiences.
Nigerian billionaire Femi Otedola loses $2.9 million in four days as First Bank shares fall
FBN Holdings is one of the largest financial services organizations in Africa.
Ghanaian logistics tycoon Daniel McKorley signs $810,000 sponsorship deal with football club
The deal will see the club pocket up to $270,000 per year for the duration of the contract.