Edward Kirathe’s Acorn Holding Limited to build new hotels with $18.48-million green bond
The company raised the bond from Kenyan pension funds, banks and reinsurance companies.
Ishioma Emi
Andile Abner Ngcaba’s Convergence Partners raises $250 million for Africa expansion
Convergence Partners focuses on enhancing Sub-Saharan Africa’s technology sector.
Kamal Budhabhatti moves to launch ride-hailing service Little Limited in Ethiopia
Budhabhatti founded Little in collaboration with the telecom giant Safaricom in 2016.
UK sanctions controversial Zimbabwean billionaire Kudakwashe Tagwirei
Tagwirei will no longer be able to channel his money through UK banks, or to enter the country.
James Mwangi’s Equity Group Foundation awards 10,705 Wings To Fly scholarships across Kenya
The successful recipients were selected from a host of 114,000 applicants.
Ghanaian tycoon Papa Kwesi Nduom wins $29.36-million court case against Health Network Company
To the disbelief of the court, Health Network offered offered the companies a failed ₵2-million ($334,947) cheque.
$250-million stake in Kudakwashe Tagwirei-linked Kuvimba Mining House Limited was gift, Zimbabwe says
The stake was donated to support the government in its efforts to compensate evicted White farmers.
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.
Congolese billionaire Paul Obambi to start $1-billion railway project in Congo Brazzaville
The project will link the southwestern town of Mayoko to a seaport at Pointe-Noire.
Aliko Dangote receives five road contracts as tax credit from Nigeria
The contracts fall under the state’s road infrastructure tax credit policy.
Neal Froneman’s Sibanye-Stillwater likely to shut down South African gold mines in next decade
The closure will most probably occur due to low returns as it becomes harder to exploit aging assets in the country.
South Africa-born billionaire Morris Kahn to donate $70 million to Israel’s SpaceIL project
SpaceIL is a nonprofit Israeli organization established in 2011.
Emirati businessman Saleh Al Hashemi looks to help African startups link up with global opportunities
Investera hopes to guide foreign investors seeking to invest locally and link indigenous firms with global opportunities.
South African billionaire Johann Rupert’s Sunshine Tour teams up with European Tour
The Sunshine Tour is a men’s professional golf tour based in Southern and East Africa.
With Maria Ramos at helm, AngloGold moves to buy out Canadian bullion miner Corvus Gold
The move will increase AngloGold’s precious metal reserves and build low-cost production.
Court threatens controversial Nigerian politician Stella Oduah in alleged $46.28-million fraud case
Oduah was brought to court by Nigeria’s Economic and Financial Crimes Commission.