Telecom tycoon Sam Darwish’s IHS Towers begins IPO on NYSE
The company and its shareholders will split the 22.5 million ordinary shares to be listed in the IPO.
Ishioma Emi
South African mining magnate Quinton van der Burgh speaks on life, business and the future of fiat money
Van der Burgh is a serial entrepreneur, philanthropist and one of the wealthiest people in South Africa.
Venture capitalist Kola Aina appointed chairman of Lagos Angel Network
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
Telecom billionaire Strive Masiyiwa launches fifth mega-data center in South Africa
His company, Liquid Intelligent Technologies, aims to build at least 10 data centers in Africa’s largest cities.
Technopreneur Jeremy Johnson’s Andela attains unicorn status with new $200-million Series-E round
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
Nigerian politician Abubakar Sani Bello secures $86.64 million from IsDB to develop infrastructure projects
The funds will be used for constructing and upgrading the Minna-Bida Road in Niger State, Nigeria.
Nasir el-Rufai blames Nigerian government for Aliko Dangote reneging on dairy cattle project: ICIR
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.
Ivorian tycoon Jean Kacou Diagou buys four insurance firms from billionaire Patrice Motsepe
The deal is still subject to the validation of the supervisory authorities.
Nigerian-American telecom tycoon Sam Darwish moves to list IHS Towers on NYSE
IHS called off an initial plan to list on the U.S. exchange in 2018.
LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Malawian tycoon Ramesh Savjani earns $3.4 million in 96 days as Malawi’s best performing stock surges
The multimillion-dollar profit from his stake can be attributed to a surge in the share price of Illovo Sugar Malawi.
Nigerian billionaire Aliko Dangote says Nigeria could save $700 million annually from sugar master plan
Dangote said: “If the national sugar master plan is followed … the country will be better for it.”
Ten female dollar millionaires worth knowing in Ghana
Women are fighting the general trend in Ghana, with some now ranking among its biggest dollar millionaires.
The 10 most distinguished African women on the international arena
For centuries, people of color — primarily Black Africans — have been marginalized on the world stage.
U.S. retail tycoon Rob Walton commits $100 million to Johannesburg’s African Parks
Rob is the first son of Helen and Sam Walton, founders of Walmart Inc., America’s largest retailer.