South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
Editorial Team
Locals demand safer operations from Bahamas-based businessman James Longshore’s Xtra-Gold
Several communities in Ghana claim the company’s subcontractors fail to keep mining sites safe.
Nigerian entrepreneur Abdul Hassan’s Mono raises millions to power Internet economy
The Nigerian fintech startup Mono has closed a $2-million deal in a seed funding round.
Safaricom, MTN Group bid for licenses in Africa’s second-most populous country, Ethiopia
The bureaucratic bidding process seems to finally be nearing an end.
James Mwangi-led Equity Group partners with KfW on Kenyan scholarship program
The Wings to Fly program is implemented with the Mastercard Foundation and Germany’s KfW.
Kenyan steel tycoon Narendra Raval makes bid to rescue struggling sugar company
Founded in 1971, Mumias Sugar was once the largest sugar manufacturer in Kenya.
Ghana names Joseph Saw Agyepong ‘CEO of the Decade’ in environmental and sanitation sector
The entrepreneur hopes to build a series of waste-to-energy plans across the country.
Johann Rupert’s stake in Remgro gains $81.7 million after news of potential Heineken acquisition
Distell, a leading South African brewer, is partly owned by his investment group.
Group CEO Nganga Njiinu makes U-turn retreat on TransCentury’s Nairobi delisting
TCL has canceled plans to delist from the Nairobi Securities Exchange, where it is planning a rights issue.
Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.
Nigeria’s anti-graft agency confiscates oil tycoon Ernest Azudialu Obiejesi’s home in affluent Ikoyi
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.
Tesla has not sold any of its holdings in Bitcoin: Elon Musk
He made the clarification in a recent tweet.
Equity Group’s expansion in DRC can help spark economic growth: Group CEO James Mwangi
The company has acquired an additional 7.7-percent stake in its subsidiary, Equity Bank Congo.
Ghana’s National Democratic Congress tells government to support mogul Ibrahim Mahama’s Dzata Cement
The NDC is a political party in Ghana founded by the late former President Jerry Rawlings.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners
These mega-rich businessmen have divested their wealth into professional sports teams.