Equity Group’s expansion in DRC can help spark economic growth: Group CEO James Mwangi
The company has acquired an additional 7.7-percent stake in its subsidiary, Equity Bank Congo.
Editorial Team
Ghana’s National Democratic Congress tells government to support mogul Ibrahim Mahama’s Dzata Cement
The NDC is a political party in Ghana founded by the late former President Jerry Rawlings.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners
These mega-rich businessmen have divested their wealth into professional sports teams.
Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Safaricom free to launch M-Pesa as Ethiopia withdraws state monopoly
Foreign telecom companies will soon be able to launch mobile phone-based financial services.
Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja
The hotel is a partnership between SIFAX Group and Marriott International.
Elon Musk loses $25 billion since guest appearance on Saturday Night Live
The drop comes amid a steep 15-percent decline in Tesla’s shares.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Egyptian billionaire Mohammed Mansour donates £100,000 to COVID-19 memorial fund in Knightsbridge
His donation will support building a multi-faith memorial at St. Paul’s Cathedral.
DRC could lose billions from resource deals with Dan Gertler: activists
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
Nigerian anti-graft agency recovers $153 million from former petroleum minister
An additional 80 homes valued at $80 million have been recovered from ex-Minister Diezani Allison-Madueke.
Nigerian banking executive Herbert Wigwe’s Access Bank Group acquires South Africa’s Grobank
The Nigerian tier-1 capital bank now has a controlling stake in Grobank.
Prince Misuzulu named Zulu king amid tension, government withdraws security
The newly appointed king was whisked out of the royal palace for safety concerns.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part II.
Part II of our gallery of Russian and Eurasian businessmen who are pursuing opportunities in Africa.