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.
Editorial Team
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.
Stephane Bancel’s Moderna to invest $500 million to build factory in Africa
The factory will produce about 500 million doses of mRNA vaccines annually on the continent.
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
E-commerce tycoon Sophia Alj’s Chari closes $5-million seed round with $70-million valuation
Chari partners with FMCG companies to distribute their goods to mom and pop shops in less than 24 hours.
Malawian tycoon Thomson Mpinganjira bags nine-year sentence in election bribery case
The judge said the tycoon committed a serious felony and was wrong for trying to use his money to pervert justice.
Christopher Pucillo-linked Avanti Communications looks to boost connectivity in rural Sub-Saharan Africa
Its new managed satellite service provides 2G, 3G and 4G services to remote areas.