Nigerian tycoon Theophilus Danjuma acquires additional 60-percent controlling stake in BOC Gases
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.
Ishioma Emi
Nigerian court restrains AMCON from further actions against tycoon Jimoh Ibrahim
Ibrahim is the group managing director of NICON Insurance and Nigeria Re.
Phuthuma Nhleko exits MTN International Advisory Board
Nhleko served as a member of the IAB since its inception in 2019.
Malawian tycoon Hitesh Anadkat lost $2.18 million from Telekom Networks Malawi this year
Telekom Networks Malawi is the oldest telecom company in Malawi.
Thandi Orleyn-led Implats expects 2021 financial year to close on strong note as HEPS grows
The platinum miner expects basic and headline earnings per share to grow by more than 20 percent.
Self-made millionaire, politician Hakainde Hichilema declared winner in Zambian presidential election
Hichilema has been declared the president-elect, with only one constituency left to be counted.
New report reveals exclusive deal between Zimbabwe and U.S.-sanctioned businessman Kudakwashe Tagwirei
Tagwirei is a controversial businessman who was sanctioned by the United States in August 2020.
Meet the 17 Black billionaires in the world in 2021
There are 2,755 billionaires in the world today. Only 17 are Black.
Nigerian oil tycoon Emeka Offor donates medicine worth $24.36 million to local health facilities
Health facilities across Nigeria will benefit from the donation from the Sir Emeka Offor Foundation.
July Ndlovu’s Thungela Resources declares solid interim dividend
The news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Nombasa Tsengwa-led Exxaro Resources anticipates 111-percent rise in interim HEPS
The rise in the company’s earnings is attributed to increased equity-accounted income from Sishen Iron Ore.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Media mogul Samuel Kamau Macharia partially loses control of estate to grandson
Macharia is the chair of Royal Media Services, the largest private radio and TV network in East Africa.