Nigerian tycoon Obafoluke Otudeko, son to earn $1.02 million in Honeywell dividends
Otudeko founded the integrated flour milling company in 1985.
Editorial Team
Chipper Cash founders Ham Serunjogi, Maijid Moujaled raise $100 million in Series C round
The fintech startup facilitates cross-border payments across Africa.
South African mining tycoon Neal Froneman criticizes government’s attitude toward sector
The Sibanye-Stillwater CEO took issue with South Africa’s sluggish stance on attaining carbon neutrality.
South Africa’s wealthiest man Johann Rupert sees net worth rise by $2.05 billion
The gains were due to a rise in the share price of Compagnie Financiere Richemont and Distell Group.
Tanzanian multimillionaire brothers Aunali and Sajjad Rajabali’s stake in CRDB bank soars
Its market value has climbed 35 percent in under two months.
Sawiris-backed Endeavour to buy Teranga Gold in $1.86-billion deal
The combined company will produce about 1.5 million ounces of gold per year across West Africa.
South Africa’s World Sports Betting acquires iDiski Media: Group CEO Warren Tannous
The company will leverage iDiski’s wider reach within the South African market.
Ghanaian serial investor Daniel Ofori to pocket $292,000 CalBank dividend
CalBank is a leading commercial bank in Ghana.
Zimbabwean mogul Strive Masiyiwa’s stake in Econet Wireless soars by $61 million
The value of his shares has increased by 183.05 percent since the start of the year.
soleRebels Founder Bethlehem Alemu launches Ethiopian bank with $116.3 million in capital
Selam Mortgage Bank aims to create the largest generation of homeowners in Ethiopian history.
South African diamond billionaire Nicky Oppenheimer’s net worth rises by $630 million
His net worth has climbed as high as $7.78 billion recently.
Moroccan tycoon Mohamed Bensalah acquires Kenyan insurance firm
The purchase was made for an undisclosed sum.
South African billionaire Johann Rupert’s Sukuma fund to offer $7.18-million loan to local restaurants
The fund aims to help restaurants that suffered due to COVID-19.
Locals demand safer operations from Bahamas-based businessman James Longshore’s Xtra-Gold
Several communities in Ghana claim the company’s subcontractors fail to keep mining sites safe.
Nigerian entrepreneur Abdul Hassan’s Mono raises millions to power Internet economy
The Nigerian fintech startup Mono has closed a $2-million deal in a seed funding round.
Safaricom, MTN Group bid for licenses in Africa’s second-most populous country, Ethiopia
The bureaucratic bidding process seems to finally be nearing an end.