Ali Abdallah Hettam’s Djibouti-based lender acquires 100 percent of Kenya’s Uwezo Microfinance Bank
The Central Bank of Kenya announced the acquisition.
Africa's richest people
Huawei teams up with Safaricom to offer innovative solutions for restaurants
The Scan & Order solution will help digitize menus and ordering systems.
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
The prize will go to projects that have a high potential for impact.
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
The multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.
Aliko Dangote expresses interest in Sudan’s agricultural sector
His interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.
High Court annuls long-contested will of Tanzanian media mogul Reginald Mengi
The Tanzanian High Court has rejected the will of the late billionaire businessman.
Nigerian billionaire Abdulsamad Rabiu makes $2.4-million donation to University of Maiduguri
It is one of a handful of donations that the Abdul Samad Rabiu Africa Initiative is making to Nigerian universities.
James Mwangi’s Equity Group partners with University of Nairobi to fight climate change
Its foundation will plant about 7,000 trees to mitigate the adverse effects of climate change.
First Bank Nigeria’s new top exec Urum Kalu Eke buys huge tranche of shares just weeks after Central Bank backlash
The move is raising some eyebrows, while others say it’s just “business as usual.”
Strive Masiyiwa criticizes Serum Institute of India for interrupting COVAX Initiative
The Zimbabwean billionaire is upset with the institute’s plans to extend its pause on COVID-19 vaccine exports.
Ghana names Joseph Saw Agyepong ‘CEO of the Decade’ in environmental and sanitation sector
The entrepreneur hopes to build a series of waste-to-energy plans across the country.
Johann Rupert’s stake in Remgro gains $81.7 million after news of potential Heineken acquisition
Distell, a leading South African brewer, is partly owned by his investment group.
Kenyan investor David Owino’s Ascent Capital raises more than $100 million in funding round; IFC joins in
The Nairobi-based private equity fund manager announced the news this week.
Ugandan textile mogul Karim Hirji faces off with stepkids in British property war
His stepchildren claim they were fraudulently left out of their mother’s will.
Access Bank’s acquisition of BancABC Mozambique step to pan-African scale: Group CEO
Access Bank Group also recently acquired Grobank South Africa.
Heineken negotiates to acquire Johann Rupert’s Distell Group
Distell is linked to South African billionaire Johann Rupert.