Jasper Hardenberg’s Daystar Power secures $20 million from IFC for expansion in Nigeria
The funding will help the power company expand its Nigeria operations.
Editorial Team
Stake of Botswana tycoon Farouk Ismail in Choppies, Far Property now worth $38.74 million
The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.
Stephen Saad’s stake loses $29.31 million as Aspen shares retreat from two-year high
Shares in Aspen Pharmacare have been on a downward trend recently.
Billionaires.Africa Ranking: The 20 Richest Investors On the Nigerian Stock Exchange (NGX)
The top 20 investors on the Nigerian Stock Exchange have amassed staggering wealth through equity stakes in their own and other companies.
New AngloGold Ashanti CEO Alberto Calderon dispels gold merger rumors
Some was thought Sibanye-Stillwater, Gold Fields and AngloGold Ashanti could merge to create a global gold mining leader.
Abdul Samad Rabiu’s ASRi donates $6 million to build oncology center in Ilorin
The ASRi Oncology and Diagnosis Center will be a standalone facility dedicated to oncology diagnosis.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
James Mwangi’s Equity Group Foundation commits $787,401 to support healthcare workers in Kenya
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
Gary Sharp’s crocodile-skin supplier, Padenga Holdings, eyes listing on Victoria Falls Exchange
The new bourse was established in October 2020 and trades solely in U.S. dollars.
French investor Thierry Deau’s Meridiam signs $179-million hydropower-plant deal with Gabon
Meridiam is a global investment and asset management company founded in 2005.
Egypt’s richest billionaire Nassef Sawiris earns $370 million in 13 days
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
Tycoon philanthropist Tony Elumelu looks to build Nigeria’s first nuclear power plants
The move aligns with the plans of his company, Transcorp, to boost its integrated energy strategy.
Multichoice loses $578.69 million after acquiring additional stake in Adekunle Adeniji’s BetKing
Multichoice Group offered $281.5 million for the stake in BetKing.
South African billionaire Johann Rupert loses $440 million in June
The decline followed a drop in the value of his stakes in Reinet Investment and Remgro Limited.
Jim Ovia’s Zenith Bank retains spot as Nigeria’s top tier-1 capital bank
Zenith topped the list of Nigerian banks in a global ranking published by The Banker Magazine.
Stake of Kenyan advertising mogul Bharat Thakrar in WPP Scangroup loses $342,170 in 61 days
The decline comes on the back of a sell-down in the marketing and communications company’s shares.