Abdul Samad Rabiu’s BUA Group signs MoU to build plaster of Paris production plant
BUA Group will construct the 2,000-tonne-per-day plant with the Turkish MMM Erba Makina.
Ishioma Emi
Nigerian pharma tycoon Stella Chinyelu Okoli to manufacture active pharmaceutical ingredients
Her company Emzor is a leading pan-African manufacturer and distributor of medical supplies.
Nigerian polyurethane tycoon Samuel Bolarinde sees his wealth surge by $12.1 million this year
Since January, the share price of Bolarinde’s Vitafoam Nigeria has been on the rise.
Real estate mogul Mustapha Njie partners with Sierra Leone to create affordable housing
His company TAF Africa Global Limited has signed a memorandum of understanding with the government.
Naguib Sawiris-led Orascom Financial Holding trims stake in Beltone to 59.22 percent
OFH sold 9 million shares at $0.15 per share, totaling $1.34 million.
NNPC to feed Dangote Oil Refinery daily with nearly half its crude oil supply
The refinery will have a capacity of 650,000 barrels per day.
Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto
The ASRi is the philanthropic arm of BUA Group.
Egypt awards Toshka irrigation project deal to Hassan Allam Construction
Hassan Allam Construction will help the government lay 265 kilometers of irrigation networks.
Yasseen Mansour’s Palm Hills Development declares revenue growth in H1 2021
PHD recorded a growth in primary and secondary home and commercial unit sales.
Yahui Zhou’s OPay emerges as Africa’s latest unicorn with $2-billion valuation
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.
Gideon Muriuki’s Co-op Bank extends JV with South Sudan by three years
The move will renew the parties’ co-ownership of the bank’s subsidiary in Juba.
Gabriel Theron-led cannabis firm Cilo Cybin plans listing on Johannesburg Stock Exchange
The company plans to produce marijuana for sale to consumers globally.
Ernest Ndukwe-led MTN Nigeria wants to invest $1.46 billion to expand network infrastructure in country
MTN Nigeria is a subsidiary of the South African multinational telecom giant MTN Group.
Somali multimillionaire businessman Ismail Ahmed seeks funding at $5-billion valuation
WorldRemit is a cross-border digital payments platform that provides money transfer services.
Junaid Wahedna launches Islamic fintech platform Wahed in South Africa
Wahed is an online ethical investment platform and the world’s first global robo-advisor.
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.