Ham Serunjogi’s Chipper Cash gets $2-billion valuation with $150-million Series-C round
The cross-border payment platform offers mobile-based, fee-less, peer-to-peer payment services in Africa.
Ishioma Emi
Jim Ovia’s Zenith Bank records one-percent growth in profit before tax for 9M 2021
Zenith Bank is a large financial services provider in Nigeria and Anglophone West Africa.
Sunil Bharti Mittal’s Airtel Africa signs partnership with UNICEF to accelerate digital learning across Africa
Airtel Africa is a leading telecom and mobile money services provider in Africa, with a presence in 14 countries.
Startup founder Peter Njonjo’s Twiga Foods raises $50 million to scale food solutions across Africa
The agtech startup has so far raised more than $100 million in debt and equity financing.
Nigerian media tycoon and politician Orji Uzor Kalu offers scholarships to med school students
The OUK Foundation is a non-profit that contributes to national development through critical interventions.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
Tullow Oil names South African businessman Phuthuma Nhleko as chairman-designate
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.
BEAC withdraws tea tycoon Baba Ahmadou Danpullo’s Nexttel mobile money service license
Danpullo is the founder of Baba Ahmadou Group, a Cameroonian conglomerate that owns the Ndawara Tea Estate.
Here’s why EMEA Finance named Kenyan banking executive Gideon Muriuki Africa’s best banking CEO
The banker was presented the award at the 2021 EMEA Finance African Banking Awards.
Algeria’s richest man Issad Rebrab calls on government to encourage investments and introduce reforms
Rebrab is the head of the Algerian billionaire Rabrab family and the world’s second-richest Arab after Nassef Sawiris.
James Mwangi-led Equity Group to invest $1.5 billion in Africa-focused businesses in Kenya, South Africa
The group is embarking on the deal to expand its operational footprint beyond its current markets.
Nigerian startup founder Etop Ikpe’s Autocheck secures $13.1-million seed round
The company has successfully raised $16.5 million in the past 11 months.
Tax evasion case resumes against Kenyan tycoon Humphrey Kariuki
The prosecutors plan to cite evidence demonstrating the tax fraud scheme used by the defendant.
Wife of banking tycoon Aigboje Aig-Imoukhuede takes seat as executive vice chair of his philanthropic organization
The Aig-Imoukhuede Foundation is a philanthropic organization committed to improving the lives of Africans.
Pharma tycoon Stephen Saad’s Aspen sells six product lines to Swiss pharmaceutical company
Aspen is a multinational holding for pharmaceutical interests and the largest drug company in Africa.
Here’s how U.S. Congressman Jeff Fortenberry got pulled into a corruption case linked to Nigerian-Lebanese tycoon Gilbert Chagoury
He is accused of lying to authorities during an investigation into Chagoury’s illegal campaign contributions.