Paystack Co-Founder Ezra Olubi, others inject $1.7 million into Brass Banking startup
The Nigerian digital banking startup seeks to address the underserved banking needs of local entrepreneurs.
Editorial Team
Billionaire industrialist Aliko Dangote set to deliver MKO Abiola National Stadium Abuja to Nigeria in November
Unforeseen glitches extended the project handover deadline, which was originally scheduled for March.
Here Are 10 of The Wealthiest Tycoons in Kenya Who You Most Likely Don’t Know
Kenya is part of an elite group of five African countries accounting for over half the continent’s private wealth held by individuals.
Stephen Brookes’ Balwin Properties posts $8.1 million in mid-year profit as apartment sales recover in South Africa
The South Africa-based property developer delivered double-digit growth in earnings.
South African billionaire Oppenheimer family sets out to mine Asian economy
Their family office, Oppenheimer Generations, has opened an office in Singapore.
Businessman Hassan Allam bags another irrigation project from Egyptian authorities
This comes a month after Egypt awarded Allam’s company a $220-million infrastructural deal.
Businessman Mohamed Frikha’s Syphax Airlines partners with Tui Russia to transport 50,000 tourists to Tunisia in 2022
Syphax Airline is a privately-held charter airline founded in 2011 by Tunisian businessman Mohamed Frikha.
Zimbabwean billionaire Strive Masiyiwa’s Cassava Smartech posts $2.73-million loss in 2021
The tech company leverages digital and financial technologies to build shared economies.
Competition Authority of Kenya warns government against steel tycoon Narendra Raval’s clinker import proposal
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
Olugbenga Agboola’s Flutterwave in talks with investors to triple valuation to $3 billion
The company’s Series-C round in March brought its valuation to over $1 billion.
Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO
Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.
Gold production update from Blanket Mine boosts stock of Steve Curtis’ Caledonia Mining Corporation
The uptick in the company’s stock rode on the news of gold production from the Blanket Mine in Zimbabwe.
Sultan Ahmed bin Sulayem’s DP World invests $1.72 billion in upgrading African seaports
Together with the British CDC Group, DP World will modernize seaports in Egypt, Senegal and Somaliland.
Airtel Africa appoints Ethiopian businesswoman Tsega Gebreyes non-executive director
Gebreyes has played seminal roles in the founding of companies with operations in Africa and abroad.
Abdulhamid Hassan’s fintech startup Mono raises $15-million Series-A round
The startup helps African businesses access high-quality financial data and direct bank payments.
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