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.
Forbes African billionaires
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.
Group CEO Nganga Njiinu makes U-turn retreat on TransCentury’s Nairobi delisting
TCL has canceled plans to delist from the Nairobi Securities Exchange, where it is planning a rights issue.
Aliko Dangote’s cement company moves to close cement supply gap in Nigeria
Dangote Cement has restated its commitment to bridge the supply gap and help reduce prices.
Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.
Morocco’s King Mohammed VI extends philanthropic activities in Ghana
His foundation has donated provisions to a polyclinic in Nima in Greater Accra.
Nigeria’s anti-graft agency confiscates oil tycoon Ernest Azudialu Obiejesi’s home in affluent Ikoyi
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.
Tesla has not sold any of its holdings in Bitcoin: Elon Musk
He made the clarification in a recent tweet.