Kenyan investor David Owino’s Ascent Capital raises more than $100 million in funding round; IFC joins in
The Nairobi-based private equity fund manager announced the news this week.
Ishioma Emi
Ugandan textile mogul Karim Hirji faces off with stepkids in British property war
His stepchildren claim they were fraudulently left out of their mother’s will.
Access Bank’s acquisition of BancABC Mozambique step to pan-African scale: Group CEO
Access Bank Group also recently acquired Grobank South Africa.
Aliko Dangote’s cement company moves to close cement supply gap in Nigeria
Dangote Cement has restated its commitment to bridge the supply gap and help reduce prices.
Morocco’s King Mohammed VI extends philanthropic activities in Ghana
His foundation has donated provisions to a polyclinic in Nima in Greater Accra.
Ghanaian waste mogul Joseph Siaw Agyepong partners with U.S. firm to build hi-tech waste-to-energy plants
They plan to construct the first plant in a new industrial enclave in the Greater Accra Region.
Kenyan court spares Ronald Karauri’s SportPesa from state asset seizure
SportPesa and its owners will not face asset seizures, bank account freezes, or travel bans.
Kenyan government eyes former Nairobi Governor Evans Kidero’s luxury real estate in capital
A trail of cash allegedly stolen from City Hall seems to lead back to the governor.
Nairobi-based mobile payments platform Cellulant passes baton to Acting CEO Akshay Grover
Kenyan entrepreneur and company founder Ken Njoroge previously headed the company.
Zimbabwean lobbying group appoints diamond mogul Martin Boka consulting adviser
Boka is the son of one of the country’s most prolific black empowerment advocates.
Ghanian tycoon Ibrahim Mahama’s new cement factory set to make waves on local market
It has thus far been dominated by foreign players.
Top Kenyan officials called before court to account for missing member of wealthy Gulen family
The court has summoned three top officials to account for Selahaddin Gulen’s disappearance.
Aliko Dangote roped into controversial Onne seaport story with Hadiza Bala
Some have implied that Africa’s richest man played a role in the scandal.
Akwa Ibom becomes first regional government to benefit from ASRi social development program
The Abdul Samad Rabiu Initiative has made its inaugural donation to help improve social development in Africa.
Africa’s wealthiest man Aliko Dangote loses $200 million in Dangote Cement stock slide
The billionaire’s net worth peaked at $18.4 billion earlier this year in January.
United Bank for Africa did not fund OML-17 acquisition: Nigerian mogul Tony Elumelu
The businessman and philanthropist addressed the subject during an interview with Arise TV.