Drew Durbin’s Wave becomes Africa’s latest tech unicorn after $200-million Series-A funding round
The investment is the largest-ever Series-A funding round raised by an Africa-based startup.
Ishioma Emi
Oscar Pierre’s Glovo announces $60-million Africa expansion plan
The company has already invested €25 million in its existing African operations.
Ghanian mining tycoon Daniel McKorley offers women-led businesses interest-free loans
The loans were presented to more than 1,000 women-led businesses in the Greater Accra Region.
Demola Sogunle-led Stanbic reports 50-percent decline in mid-year profits for 2021
The holding revealed that its mid-year profit in 2021 slumped by 50 percent to $54.7 million.
Mining tycoon Patrice Motsepe’s ARM records 136-percent growth in headline earnings for 2021
The group announced that it will pay a final dividend of $1.40 per share, resulting in a total annual dividend of $2.10 per share.
Ten female moguls redefining the role of women on the African media scene
In the 1980s-1990s, only a handful of women were visible on Africa’s media scene. Now things have changed.
Controversial billionaire Kudakwashe Tagwirei takes backseat in new $2.5-billion plan in Zimbabwe
Zimbabwe will partner local and international bankers to create its largest financial services company.
State-controlled HDB signs partnership deal with Elsewedy Electronics to build third technical academy
The academies offer a secondary-level technical education in electrical skills meeting international standards.
Politician Moulay Hafid Elalamy signs amended deal with Stellantis Group on Morocco’s behalf
The newly amended agreement was signed on Sept. 3 in Casablanca, Morocco’s capital.
South African pharma tycoon Stephen Saad seeks license for J&J COVID-19 vaccine
His company, Aspen Pharmacare, is a multinational South African holding.
Halted J&J vaccine shipment from South Africa to Europe will be returned: Zimbabwean tycoon Strive Masiyiwa
The batch of COVID-19 vaccines was produced by Aspen Pharmaceuticals and shipped from South Africa.
Retail tycoon Mark Lamberti’s Massmart moves to withdraw 14 Game stores from East and West Africa
The withdrawal comes as part of a strategic move to focus on its primary market.
Aviation tycoon Allen Onyema signs sponsorship deal with Nigerian Football Federation
The deal makes his Air Peace the official airline carrier of the country’s national football teams.
10 female mining tycoons in South Africa worth knowing
South Africa’s mining sector is a notable driver of the economy, employing a significant portion of its workforce.
Peter Steekamp’s Harmony Gold unveils gold extension projects worth $537 million
Harmony Gold is South Africa’s most extensive gold mining company. It also operates in Papua New Guinea.
Africa’s wealthiest man Aliko Dangote loses $232 million in 24 hours as Dangote Cement shares plunge on NGX
Dangote Cement is a subsidiary of Dangote Industries Limited, Africa’s most diversified manufacturing conglomerate.