The Central Bank of Kenya announced the acquisition.
Forbes African billionaires
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- East Africa
Huawei teams up with Safaricom to offer innovative solutions for restaurants
by Ishioma Emiby Ishioma EmiThe Scan & Order solution will help digitize menus and ordering systems.
- Southern Africa
Mandela foundation launches $80,000 Äänit Prize to support projects with positive punch in Africa
by Ishioma Emiby Ishioma EmiThe prize will go to projects that have a high potential for impact.
- West & Central Africa
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
by Ishioma Emiby Ishioma EmiThe multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.
- East Africa
Aliko Dangote expresses interest in Sudan’s agricultural sector
by Ishioma Emiby Ishioma EmiHis interest aligns with the African Continental Free Trade Area’s aim to boost intra-African trade.
- 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.