Nigussie Hailu forfeits bottling company shares after court ruling
Ethiopian businessman Nigussie Hailu has lost his shares in the East African Bottling Share Company.
Ishioma Emi
Herbert Wigwe could earn over $3.02 million from Access Bank dividend
Access Bank Plc CEO Herbert Wigwe could earn over $3.02 million from the bank’s dividend in 2020.
Nigerian oil tycoon Tunde Folawiyo launches creative studio in Lagos State
Nigerian oil tycoon Tunde Folawiyo’s five-year-old entertainment firm has launched a multi-functional creative studio.
$200-million stock deal deepens Sawiris family interest in global gold market
La Mancha Holdings announced the closing of a $159-million subscription to the shares of Endeavour Mining Corporation.
Adrian Gore’s Discovery Limited ready for next phase of COVID-19 vaccination in South Africa
More than 13 million people need to be vaccinated during the second phase of the vaccination roll-out in South Africa.
Embattled Pastor Shepherd Bushiri blames officials for daughter’s death amid extradition case
Multimillionaire Pastor Shepherd Bushiri has announced the unexpected death of his 8-year-old daughter Israella.
From the Guinean mountains to Swiss prison: The story of Israeli diamond mogul Beny Steinmetz.
Steinmetz was recently sentenced to five years in prison and a massive fine.
Kenyan advertising tycoon Bharat Thakrar resigns from WPP Scangroup
Scangroup announced that its founder has resigned.
Swiss court reverses freeze on Angolan tycoon Carlos Manuel de Sao Vicente’s assets
Carlos Manuel de Sao Vicente has a brief window to enjoy his recently released assets while behind bars.
Aliko Dangote fertilizer plant soon to commence operations in Lagos
Africa’s richest man has announced the commencement of operations of his new granulated urea fertilizer plant.
Zenith Bank founder Jim Ovia makes $23.35 million during pandemic
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.
Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.
Death sentence for Congolese whistleblowers sends Israeli mining tycoon back to U.S. sanctions regime
Two whistleblowers have been handed the death sentence after speaking out against a DRC bank.
Fugitive multimillionaire pastor Shepherd Bushiri faces extradition to South Africa
Pastor Shepherd Bushiri could soon be extradited from his home in Malawi.
Strive Masiyiwa’s Liquid Telecom prospers despite COVID-19
Even the toughest crises such as COVID-19 present opportunities.
Sanctioned Israeli tycoon Dan Gertler linked to tens of millions in transactions at DRC bank
PwC notified Afriland First Bank in the Democratic Republic of Congo of a potential sanctions evasion.