Paga could reach $1-billion valuation within ‘next year or two’: CEO Tayo Oviosu
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
Editorial Team
Tycoon Joseph Siaw Agyepong’s Zoomlion Ghana unveils 126 waste management trucks in Ghana
The trucks will be used to cart waste to landfills and waste management facilities.
Guy Roger Ngatcha-led Panafrican Energy Services Group secures major oil deal in Cote d’Ivoire
Earlier, the company made history as Tanzania’s first natural gas producer.
Egyptian steel tycoon Ahmed Ezz acquires additional 33.4-percent stake in Ezz Steel
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.
Hyundai South Africa CEO Niall Lynch’s stake in Motus Holdings gains $29.3 million
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.
Gambian real estate mogul Mustapha Njie looks to create 25 million jobs in Africa
Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.
Egyptian auto mogul Raouf Ghabbour’s shares in GB Auto decline by $21 million
The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.
Real estate mogul Hisham Talaat Moustafa set to build $31.82-billion housing project in Egypt
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.
Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
Tanzanian multimillionaire Rajabali brothers to pocket $635,024 CRDB Bank dividend
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
Moroccan billionaire Anas Sefrioui’s stake in Douja Promotion Groupe Addoha gains $61.2 million in 35 days
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.
Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400
The increase in the value of his shares took place over 23 days.
South African billionaire Stephen Saad’s stake in Aspen Pharmacare gains $168.9 million
Aspen is a global multinational pharmaceutical company.
British billionaire Fred Done beats out Mary Slack-Oppenheimer to acquire Betting World in South Africa
Done’s Betfred now has a controlling stake in struggling company.
Energy magnate Adonis Pouroulis acquires Mauritius-based Africa Energy Management Platform
Pouroulis is the CEO of Chariot Oil & Gas.
Turkish security services admit to abducting member of influential Gulen family in Kenya
Salahuddin Gulen has turned up in Turkey after his abduction in May.