James Ndegwa’s NCBA partners with Simba Corporation to finance vehicle purchases in Kenya
The leading financial services company now requires clients to put only five percent of the total vehicle cost down.
Ishioma Emi
Controversial South African mining mogul Mandla Lamba embarks on expansion with Agilitee Africa
Agilitee Africa has recently expanded into Zimbabwe and Eswatini.
Africrypt founders, South African Cajee brothers go missing with $3.6 billion in cryptocurrency
The brothers disappeared shortly after they announced a breach in company operations in April.
Emirati investor Hussain Al-Nowais’ AMEA Power launches West Africa’s largest solar plant in Togo
AMEA Power develops thermal and renewable energy in Africa, the Middle East and Asia.
Kenya Revenue Authority revisits $13-million tax dispute against multimillionaire Rai family
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.
Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
Aliko Dangote Foundation disburses $10.2-million grant to empower women in Nigeria
The disbursement is part of the foundation’s one-off unconditional micro-grant program.
French businessman Stephane Richard’s Orange moves to clinch Burkinabe market share with fiber optic launch
The French multinational has recently opened its doors in Ouagadougou.
Cameroonian banker Jean Paulin Fokam receives state award from president of Guinea
Fokam received the Commander of the National Order of Merit award from Guinean President Alpha Conde.
Detained Tunisian media mogul Nabil Karoui released as case continues
Earlier, Karoui launched a hunger strike to protest his detention.
Indian-Ghanian industrialist Ramchand Udharam Mohinani dies at 87
His family announced that he passed away early morning, June 12.
Nigerian economy could see serious boost from NNPC stake in Dangote Oil Refinery
The country could earn $11 billion per annum from the project.
Strive Masiyiwa leads team to unlock $3 billion in financing for COVID-19 vaccines
The financing will be derived from a partnership between the World Bank and African Export-Import Bank.
Neal Froneman’s Sibanye-Stillwater buys back $603.12 million in shares
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.
Tunisian businessman Hisham Ahmed Al-Rayes’ GFH acquires British International School of Tunis
The move further expands GFH’s presence on the Tunisian market.
Telecom billionaire Mo Ibrahim criticizes wealthy nations for hoarding COVID-19 vaccine
The telecom mogul stressed that global competition for vaccines has left emerging countries in dire straits.