Sawiris-backed Endeavour to buy Teranga Gold in $1.86-billion deal
The combined company will produce about 1.5 million ounces of gold per year across West Africa.
Editorial Team
South Africa’s World Sports Betting acquires iDiski Media: Group CEO Warren Tannous
The company will leverage iDiski’s wider reach within the South African market.
Ghanaian serial investor Daniel Ofori to pocket $292,000 CalBank dividend
CalBank is a leading commercial bank in Ghana.
Zimbabwean mogul Strive Masiyiwa’s stake in Econet Wireless soars by $61 million
The value of his shares has increased by 183.05 percent since the start of the year.
soleRebels Founder Bethlehem Alemu launches Ethiopian bank with $116.3 million in capital
Selam Mortgage Bank aims to create the largest generation of homeowners in Ethiopian history.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.
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.
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.