Stephane Bancel’s Moderna to invest $500 million to build factory in Africa
The factory will produce about 500 million doses of mRNA vaccines annually on the continent.
Editorial Team
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
Malawian tycoon Thomson Mpinganjira bags nine-year sentence in election bribery case
The judge said the tycoon committed a serious felony and was wrong for trying to use his money to pervert justice.
Christopher Pucillo-linked Avanti Communications looks to boost connectivity in rural Sub-Saharan Africa
Its new managed satellite service provides 2G, 3G and 4G services to remote areas.
Patrice Motsepe’s TymeBank partners with The Foschini Group, eyes 26 million South African customers
The partnership is part of the bank’s strategy to collaborate with retailers.
Runa Alam’s DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark
The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa.
Sun Exchange secures $2.5 million from Patrice Motsepe-backed Africa Renewable Power Fund
This latest fund follows an earlier $4-million Series-A funding round in 2020.
Zimbabwe suspends billionaire Strive Masiyiwa’s Cassava Smartech from trading on local bourse
The company was suspended from trading after failing to publish its most recent financial statements.
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.
Tanzanian gold magnate Ketan Patel loses $1.44 million as Shanta Gold shares decline by 16 percent
Shanta Gold is a gold mining company registered in Guernsey in the Channel Islands.
Billionaires.Africa forms partnership with The Royal Office of His Highness Sheikh Ahmed Bin Faisal Al-Qassimi
We are pleased to announce our official partnership with The Royal Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi.
Steve Curtis-led Caledonia Mining acquires Maligreen project in Zimbabwe for $4 million
Maligreen is a brownfield exploration opportunity with significant historical exploration and evaluation work.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Real estate tycoon Talaat Moustafa signs agreement with AZADEA to launch Open Air Mall in Madinaty City
Formerly a suburb, Madinaty is an upscale, greener, less crowded area in Egypt.
Gerrit Ferreira’s Rand Merchant Investment moves to unbundle stakes in major insurers
The move is aimed at enabling it to narrow a discount between its share price and the book value.
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.