His interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.
Africa’s richest people
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- East Africa
High Court annuls long-contested will of Tanzanian media mogul Reginald Mengi
by Ishioma Emiby Ishioma EmiThe Tanzanian High Court has rejected the will of the late billionaire businessman.
- West & Central Africa
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.
- East Africa
James Mwangi’s Equity Group partners with University of Nairobi to fight climate change
by Ishioma Emiby Ishioma EmiIts foundation will plant about 7,000 trees to mitigate the adverse effects of climate change.
- West & Central Africa
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.”
- Southern Africa
Strive Masiyiwa criticizes Serum Institute of India for interrupting COVAX Initiative
by Ishioma Emiby Ishioma EmiThe Zimbabwean billionaire is upset with the institute’s plans to extend its pause on COVID-19 vaccine exports.
- West & Central Africa
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.
- Southern Africa
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.
- East Africa
Kenyan investor David Owino’s Ascent Capital raises more than $100 million in funding round; IFC joins in
by Ishioma Emiby Ishioma EmiThe Nairobi-based private equity fund manager announced the news this week.
- East Africa
Ugandan textile mogul Karim Hirji faces off with stepkids in British property war
by Ishioma Emiby Ishioma EmiHis stepchildren claim they were fraudulently left out of their mother’s will.