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.
Editorial Team
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.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part I.
Since the fall of the Soviet Union, an eclectic array of Russian and Eurasian entrepreneurs have taken to the African continent.
Nigerian multimillion-dollar startup Paystack launches in South Africa
After a six-month pilot program, Nigerian payments platform Paystack has launched operations in South Africa.
Liquor mogul Tabitha Karanja’s Keroche Breweries ready to accept legal decision in war with EABL
Keroche is a strong competitor for the British-controlled EABL, holding a 29-percent share of Kenya’s alcoholic beverage market.
Elon Musk’s SpaceX receives over 500,000 preorders for Starlink Internet
The project will provide global broadband Internet access to remote places.
Controversy over First Bank of Nigeria’s clash with regulator stirs bank run
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
Safaricom to earn Ksh 1.5 billion from Kenya’s state budget in 2021
The money is part of a $139.25-million payment for installing security and surveillance systems.
As royal family moves to bury Queen Regent, tensions hover over Zulu throne
The Amazulu royal kingdom has announced the official burial date of the late Queen Regent Shiyiwe Mantfombi Dlamini Zulu.
South Africa’s top insurer increases stake in Morocco’s SAHAM Assurance Maroc
South Africa’s largest insurer is acquiring an additional 22.8-percent stake in Morrocco’s SAHAM Assurance Maroc.
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.
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.