Nigerian pharma tycoon Fidelis Ayebae's Fidson receives support to expand production capacity
The collaboration with NEXIM is expected to position Fidson for a stronger presence in Africa's rapidly expanding pharmaceutical market.
Kenya’s richest banker James Mwangi gains $5.3 million from stake in Equity Group
Mwangi, who holds a 3.38 percent stake, equivalent to 127,809,180 ordinary shares, has seen his investment rebound by Ksh683.78 million ($5.3 million) over the past seven weeks.
Luxury apartments worth $7.7 million handed over by firm linked to Kenyan billionaire heiress Mary-Ann Musangi
The luxury units are priced between Ksh36 million ($280,000) and Ksh52 million ($404,000), reflecting a significant increase in value.
Kenyan executive Peter Ndegwa-led Safaricom resumes talks with Starlink as competition heats up
This comes as Safaricom confronts an increasingly competitive environment in its home market, where it has historically maintained a stronghold.
South African executive John Copelyn-led Southern Sun plans $58.3-million revitalization investment
The redevelopment initiative includes extensive renovations not only for the Elangeni and Maharani hotels but also for other Southern Sun-managed properties nearby.
NCBA, backed by Kenya’s richest families, to provide digital skills training for 3,000 employees
This initiative marks a significant step in the bank’s commitment to enhancing its workforce’s expertise in emerging technologies.
Kenyan tycoon Peter Ndegwa-led Safaricom secures second $116-million sustainability-linked loan
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
Hassanein Hiridjee’s AXIAN Group completes stake acquisition in Ivorian insurance startup
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods expands pasta production with strategic FAVA deal
The agreement will see BUA Foods more than double its current output from 400,000 tonnes to 900,000 tonnes per year.
Greek tycoon John Coumantaros secures approval to buy out minority stakeholders in Flour Mills of Nigeria
Excelsior Shipping, linked to Coumantaros, has secured a court order to convene a Court-Ordered Meeting, during which shareholders will vote on the proposed scheme.
Africa’s richest man Aliko Dangote receives approval for $97-million infrastructure project
The project will link the Lekki Deep Sea Port to the Shagamu-Benin Expressway via Epe, enhancing transportation infrastructure in Lagos, Nigeria’s economic center.
Kenyan tycoon Edward Kirathe’s Acorn to delist $44.2-million green bond from NSE
Acorn’s portfolio under Edward Kirathe includes 17,000 beds in 17 student housing properties, with an additional 6,000 beds under development.
Kenyan exec Peter Ndegwa's Safaricom partners with Mastercard to accelerate cross-border remittance
The collaboration is set to accelerate the growth of digital payments, reinforcing Safaricom’s leadership in financial innovation across the region.
MTN, led by Zimbabwean exec Ralph Mupita, seeks boost in intra-African trade
The telecom giant is championing initiatives that promote intra-African trade and connectivity, seeking to drive economic growth across the continent.
Fidson, owned by Nigerian tycoon Fidelis Ayebae, strikes deal to establish pharmaceutical plant
The deal is part of a broader initiative to enhance self-sufficiency in Africa’s healthcare infrastructure, particularly in the battle against HIV.
Kevin Hart’s vegan restaurants in California shut down after 2 years
The closures mark an unexpected end for the brand, which had gained attention for its health-focused menu and competitive pricing.