Zimbabwean star financier Andrew Chimphondah inks affordable housing deal with BancABC
Chimphondah’s Shelter Afrique focuses exclusively on supporting affordable housing in Africa.
Ishioma Emi
Egyptian billionaire Samih Sawiris first foreigner to receive honorary citizenship in Swiss canton of Uri
Sawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
French tycoon Gilles Gobin acquires Ugandan oil and gas firm Kobil and Delta
RUBiS Energy has now officially launched into the Ugandan market.
Africa’s wealthiest man Aliko Dangote partners with German association to train youths in Nigeria
The billionaire plans to replicate the youth empowerment initiative across Nigeria’s six geopolitical zones.
Tea titan Baba Danpullo’s Nexttel appoints Benoit Yaoussou as first Cameroonian CEO
The appointment follows a heated crisis inside the company.
Nigerian multimillionaire Tony Elumelu dives into insurance business
Heirs Insurance and Heirs Life Assurance are the newest subsidiaries of his holding company.
Entrepreneur Tayo Amusan’s Ketron Investment acquires Shoprite Holdings’ operations in Nigeria
Shoprite Holdings has been reviewing strategic divestment options across the continent.
Ugandan businessman Abid Alam’s Kassanda Sugar Factory slated to launch production on Sept. 1
The factory will have a capacity of 1,500 tonnes per day.
Tanzanian mogul Ketan Patel’s stake in Shanta Gold surges by $3.14 million
Shanta Gold is an East Africa-focused gold producer based in Tanzania.
Egyptian-American tycoon Ahmed Bahjat laid to rest in Egypt
The founder of Egypt’s Bahgat Group passed away after a protracted battle with an unspecified illness.
John Coumantaros’ Flour Mills to invest $300 million to raise sugar production capacity
It will invest at least $300 million in building a new plant and a 15,000-hectare sugarcane plantation.
Tom Vernon’s football academy expands to Egypt with new billionaire owner
Egyptian billionaire Mohammed Mansour has invested $120 million for a controlling stake in the organization.
Nigerian National Petroleum Corporation looks to acquire minority stake in Dangote refinery
According to the NNPC, discussions have already been initiated.
Tanzanian billionaire Said Bakhresa signs football mega-deal; Azam Media CEO eyes World Cup
The 10-year agreement is set to start next season.
Africa’s richest man Aliko Dangote pledges to become Tanzania’s economic ambassador
Dangote lauded the business climate created by Tanzanian President Samia Suluhu Hassan.
Olalekan Olude’s Jobberman partners with Nigerian Youth Service Corps to train 120,000 youth yearly
The youths will be trained in soft skills to enhance their employability.