Honeywell Group releases statement on recent First Bank loan controversy
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
Editorial Team
Ghanian multimillionaire Joseph Siaw Agyepong unveils sanitation fund
The fund will provide grants to public universities for environmental sanitation research in Ghana.
Central Bank of Nigeria dissolves First Bank board, expels Oba Otudeko
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
Safaricom shares rise to all-time high amid Ethiopia license bid
Investors rallied around the company as news spread that it is close to securing a license in Ethiopia.
Obi Emetarom’s pan-African fintech platform secures Series A funding
Appzone has announced the close of a $10-million round.
Nigeria’s First Bank fires CEO without regulatory approval
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.
Tabitha Karanja tells Kenya Revenue Authority it could earn $92.7 million in annual revenue from Keroche Breweries
Kenyan tycoon and CEO of Keroche Breweries Tabitha Karanja has revealed that a new expansion strategy could see the Kenya Revenue Authority generate over Ksh1 billion ($92.7 million) annually.
Naguib Sawiris steps down as chairman of Orascom Investment Holding
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.
Burkinabe tycoon Inoussa Kanazoe aims to contend with Aliko Dangote for Togo’s cement market
Burkinabe tycoon Inoussa Kanazoe is hoping to win over a large share of Togo’s cement market.
MTN, Safaricom race to clinch market share in the Ethiopian telecom sector
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.
Tony Elumelu’s Transcorp injects $120 million into hotel rehabilitation
After 30 years as Nigeria’s leading hospitality outfit, Transcorp Hotels is injecting more than $120 million into rehabilitating its five-star hotels.
Elon Musk drops on world’s richest list after fatal Tesla car crash
A Tesla crash has led to Elon Musk dropping to the number-three spot on the list of the world’s richest men.
Multimillionaire gambling mogul Kessington Adebutu adopts Nigeria’s national stadium in Lagos
Nigerian gambling mogul Kessington Adebutu has taken on the rehabilitation of Nigeria’s national stadium in Lagos.
Exiled mogul Mutumwa Mawere seeks redress over 17-year rent losses in Zimbabwe
Exiled Zimbabwean mogul Mutumwa Mawere is seeking redress over 17 years of rent losses in Harare.
Abdul Samad Rabiu donates $2.6 million to University of Ibadan
A newly founded philanthropy established by Africa’s sixth richest man has donated $2.62 million to the University of Ibadan.
Kenyan authorities seek to prosecute Humphrey Kariuki for tax evasion
The Kenya Revenue Authority is investigating embattled businessman Humphrey Kariuki for tax evasion.