Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.
Editorial Team
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.
Adil Douiri’s Mutandis posts $77.4-million mid-year revenue as Morocco’s beverage consumption rebounds
Compared with last year, the group’s revenues improved by one percent.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Johann Rupert’s net worth surges by $590 million in 14 days Richemont’s sales rise
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
Javier Ferran-led Diageo increases stake in Tanzanian alcohol subsidiary, EABL
East African Breweries Limited has increased its stake in its Tanzanian subsidiary to 85 percent.
Neal Froneman’s Sibanye-Stillwater increases stake in global battery sector with Eramet SA deal
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.
Tanzanian billionaire Mo Dewji pays $8.6 million for 49-percent stake in Simba SC
Simba SC is a leading football club in East Africa and one of the two biggest clubs in Tanzania.
Simon Games Thomas-chaired Caracal Gold to list on Nairobi bourse
Thomas leads the company’s board as non-executive chairman.
Shares of Haresh Soni-led Nairobi Business Ventures see all-time high after Delta takeover
The company has staged the largest-ever short-term rally on the Nairobi Stock Exchange.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.
Gideon Muriuki earns $1.10 million in 33 days from two-percent stake in Co-operative Bank of Kenya
The market value of his stake has increased from $14.22 million between June 21 and July 24.
Ken Njoroge’s Cellulant Corporation receives nod to operate in Tanzania
The company will offer the market seamless payments solutions with its globally acclaimed product, Tingg.
Zak Calisto’s Karooooo Limited posts $7.38 million in profits for Q1 2022, as earnings fall
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.
Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.