NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.
Ishioma Emi
South African billionaire Koos Bekker loses $111.1 million as Naspers’ shares decline
The drop occurred after its Dutch subsidiary Prosus announced plans to acquire Naspers shares.
BNP Paribas charged on suspicion of laundering millions for late Gabonese President Omar Bongo Ondimba
Radio France International reported the development as part of a long-running investigation.
Aliko Dangote to earn $570 million this week from stake in Dangote Cement
The chairman and single majority shareholder, Dangote founded the cement company in 1981.
Nigerian president, Plateau State governor mourn death of NASCO’s Ahmed Idris Nasreddin
Nasreddin was the Eritrean founder of the Jos-based NASCO Group.
U.S. firm accuses Ghanian tycoon and party founder Papa Kwesi Nduom of laundering $63 million
There is little publicly available information about the company that brought forward the case.
Egyptian billionaire Nassef Sawiris’ net worth rises by $820 million in May
The surge is largely due to gains in his shares in Adidas and OCI N.V.
Kenyan Court of Appeal dismisses board of Benson Ndeta’s Savannah Cement
The move comes after protracted legal battles over the insider purchase of a share in the company.
Ali Abdallah Hettam’s Djibouti-based lender acquires 100 percent of Kenya’s Uwezo Microfinance Bank
The Central Bank of Kenya announced the acquisition.
Huawei teams up with Safaricom to offer innovative solutions for restaurants
The Scan & Order solution will help digitize menus and ordering systems.
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
The prize will go to projects that have a high potential for impact.
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
The multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.
Aliko Dangote expresses interest in Sudan’s agricultural sector
His interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.
High Court annuls long-contested will of Tanzanian media mogul Reginald Mengi
The Tanzanian High Court has rejected the will of the late billionaire businessman.
James Mwangi’s Equity Group partners with University of Nairobi to fight climate change
Its foundation will plant about 7,000 trees to mitigate the adverse effects of climate change.
Strive Masiyiwa criticizes Serum Institute of India for interrupting COVAX Initiative
The Zimbabwean billionaire is upset with the institute’s plans to extend its pause on COVID-19 vaccine exports.