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.
Editorial Team
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
Innocent Chukwuma’s IVM distances itself from Zugacoin
Nigerian cryptocurrency founder Archbishop Sam Zuga has made bold claims about the “partnership.”
Egyptian real estate tycoons keep busy during COVID-19 pandemic
Ever wonder what your favorite Egyptian real estate billionaires have been up to during the COVID-19 pandemic?
James Mwangi’s Equity Group receives $100 million facility from European development banks
Equity Group is collaborating on the facility with leading European development banks.
Aliko Dangote to earn $23.64 million in dividends from sugar refinery
The sugar industry is highly lucrative for the key players on the Nigerian market.
Technoking, Master of Coin: New titles for Tesla CEO and CFO
Elon Musk has announced new corporate titles for himself and Zach Kirkhorn.
Nigerian Billionaire Tony Elumelu set to pocket $3.3 million in dividends from United Bank of Africa
UBA Chairman Tony Elumelu set to earn $3.3 million from his shares in the bank.
FIFA names Patrice Motsepe president of Confederation of African Football
Patrice Motsepe takes the reins of the CAF after a turbulent decade marked by accusations of corruption.