Elon Musk nominated as board member at U.S. entertainment giant
Endeavor has nominated Elon Musk to join its board in an IPO filed with the U.S. Security Exchange Commission on March 31.
Editorial Team
Gideon Muriuki’s Co-op Bank secures $10 million to spark Kenyan agribusiness
Co-operative Bank and the German impact investment fund eco.business will offer affordable loans to Kenyan agribusinesses.
Patrice Motsepe’s TymeBank signs up 3-millionth customer
Billionaire mining tycoon Patrice Motsepe has shown the diversity of his business savvy with TymeBank.
James Mwangi’s Equity Bank partners with African Guarantee Fund to promote female-led MSMEs
The $75-million deal will provide loans to female-led micro, small and medium-sized businesses in four African countries.
Mohamed Frikha’s Syphax Airlines partners with local aviation firm to provide online pilot training
The training will help update its pilots’ skills and provide a better customer experience.
Strive Masiyiwa’s free COVID-19 test in Zimbabwe records low turnout
Billionaire Strive Masiyiwa’s efforts to help combat COVID-19 in Zimbabwe’s schools fell short due to poor media coverage.
South African miner partners with Johnson Matthey to develop solutions for low carbon future
A leading South Africa-based miner has partnered with Johnson Matthey to develop solutions to promote a low carbon future.
South African billionaire Patrick Soon-Shiong partners Biovac to produce COVID-19 vaccines
Patrick Soon-Shiong looks to deploy COVID-19 vaccines in South Africa.
Nigeria to commission $1.3-billion fertilizer plant with Morocco
The plant will facilitate fertilizer production using gas reserves, improve Nigerian agriculture and enhance bilateral trade between the countries.
Ardova moves to acquire Tunde Folawiyo’s Enyo
The Nigerian oil company Ardova has announced plans to acquire Enyo.
Abdul Samad Rabiu launches $100-million philanthropic drive
Nigerian tycoon Abdul Samad Rabiu recently launched a $100-million Africa fund called the Abdul Samad Rabiu Initiative.
Mark Cuban invests in Morocco’s tech sector as ties with Israel restored
U.S. billionaire Mark Cuban is making moves to invest in Morocco’s emerging fintech sector.
Elon Musk faces unusual investor lawsuit in March
The investor accuses Musk of violating a 2018 settlement with the SEC.
Aliko Dangote to pocket $615 million from cement dividend
Aliko Dangote will take home $615.83 million in dividends from his 86-percent share in his cement business for 2020.
South African Exxaro Resources mining giant names CEO designate
Exxaro Resources has announced Nombasa Tsengwa as its new CEO-designate.
Abdul Samad Rabiu donates $500,000 to Sokoto State University
The Nigerian billionaire has donated N200 million ($525,250) to construct an ICT faculty building at Sokoto State University