Afreximbank’s FEDA acquires minority stake in Femi Otedola’s Geregu Power
Afreximbank’s Fund for Export Development in Africa will acquire a minority stake in Geregu Power.
Angola Supreme Court orders seizure of $1 billion in assets belonging to Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
Meet Ugandan-based entrepreneur who secured $30 million in funding for his startup this year
Prior to founding Asaak, Sattar worked as a data scientist at LendingHome.
Coris Bank, headed by Burkinabe businessman Idrissa Nassa, opens new branch in Togo
Coris Bank is a leading force in the financial services industry.
Nairobi-based tech tycoon Kamal Budhabatti launches ride-hailing service in Ghana
During the launch, Budhabatti highlighted the company’s commitment to customer safety.
Meet Cameroonian entrepreneur who launched $10-million fund to support African tech startups
Eunice Ajim is a Cameroonian-American tech entrepreneur and serial investor.
Egyptian billionaire Naguib Sawiris eyes new investments in Pakistani markets
Sawiris is one of the richest billionaires in Africa and the second-richest man in Egypt.
Ugandan magnate Patrick Bitature seeks gov’t bailout through power plant sale
Bitature is the group CEO of Simba Group.
Kenyan banking magnate Gideon Muriuki gains $1.4 million in six months
Muriuki derives the majority of his wealth from his two-percent stake in Co-operative Bank Group.
Nigerian VC Kola Aina exceeds fundraising goal, leads firm to close fund at $46 million
Aina is a key player in the African venture capital space.
Ghanaian entrepreneur Gregory Rockson’s mPharma to expand footprint with $43-million investment
mPharma manages pharmaceutical inventories for African mom-and-pop pharmacies.
Egyptian entrepreneur Gohar Said’s Suplyd closes $1.6-million funding round
Suplyd was founded to address the challenges faced by HORECA industry in MENA.
Led by South African tycoon Shameel Joosub, Vodacom completes Vodafone Egypt acquisition
Joosub said the deal represents an important milestone for Vodacom Group.
Nigerian energy magnate Igho Sanomi receives maiden Golden Heart Award from GIPLC
Sanomi is known for his humanitarian efforts.
Kenyan mogul Baloobhai Patel to restructure holdings in NSE-listed companies
The successful businessman also has stakes in Williamson Tea Kenya, Diamond Trust Bank Group, and Safaricom.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia signs MoU to develop green hydrogen plant
Kafafi, who was named one of Egypt’s top 50 influential women in 2016, made significant contributions to TAQA’s growth.