Mo Dewiji Foundation extends financial support to Tanzania-based child cancer center
Tumaini La Maisha is a collection of three NGOs providing free and curative care for children with cancer.
Ishioma Emi
Pierre Guy Noel’s MCB Group acquires minority stake in Africa Mobile Networks
MCB Group is Mauritius’ most extensive banking institution.
Steve Phiri-led Royal Bafokeng Platinum declares $104.9-million record interim dividend
Cash increased year-on-year by $202.9 million to close on June 30 at $254 million.
Kenyan businessman Peter Munga’s Britam deal robs Mauritius of millions of dollars
Munga bought the shares in a secretive deal that left Mauritius with a $35.9-million loss.
Egypt awards Maghagha wastewater treatment plant project to Hassan Allam Construction
The plant is part of the government’s strategy to improve sanitation services in rural areas.
Property tycoon Peter Kamya loses appeal to recover prime properties from Equity Bank Uganda
Kamya is an architect and the proprietor of Simbamanyo Estate.
Babs Ogundeyi’s Kuda Bank raises $55-million Series B, now valued at $500 million
Kuda Bank is a London-based, Nigeria-operating fintech company.
Former partner challenges City of Harare for awarding ‘$2 billion’ in property to tycoon Ken Sharpe
George Katsimberis has challenged the city for awarding the land to Sharpe’s Augur Investments.
Netherlands court orders Isabel dos Santos to hand over Galp shares worth $500 million to Angola
The court found dos Santos guilty of exploiting Angola’s oil wealth.
AMCON takes over insurance assets belonging to Nigerian tycoon Jimoh Ibrahim
Ibrahim is the group managing director and controlling shareholder of NICON Insurance and Nigeria Re.
Abdul Samad Rabiu donates $2.43 million to University of Benin
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Nigerian logistics tycoon Taiwo Afolabi’s new $118.4-million hotel experiences power hiccup
The Lagos Marriott recently suffered from a power outage lasting nine hours.
Leading Nigerian tech innovator Odunayo Eweniyi’s PiggyVest acquires Savi.ng
Savi.ng is a wealth management app founded in 2018.
Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
Leading Nigerian angel investor Olumide Soyombo launches investment company Voltron Capital
Voltron is a pan-African VC firm helping tech startups on the continent access early-stage funding.
Ade Ayeyemi-led Ecobank partners with Microsoft, LinkedIn to empower SMEs across Sub-Saharan Africa
The bank will empower SMEs with digital skills to leverage online resources for business growth.