Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
Editorial Team
Olugbenga Agboola’s Flutterwave in talks with investors to triple valuation to $3 billion
The company’s Series-C round in March brought its valuation to over $1 billion.
Coca-Cola Co. eyes $8.1-billion valuation in Philipp Gutsche-led Coca-Cola Beverages Africa 2022 IPO
Although talks are still ongoing, investor appetite and market conditions will determine the final timing and size of the listing.
Gold production update from Blanket Mine boosts stock of Steve Curtis’ Caledonia Mining Corporation
The uptick in the company’s stock rode on the news of gold production from the Blanket Mine in Zimbabwe.
Sultan Ahmed bin Sulayem’s DP World invests $1.72 billion in upgrading African seaports
Together with the British CDC Group, DP World will modernize seaports in Egypt, Senegal and Somaliland.
Airtel Africa appoints Ethiopian businesswoman Tsega Gebreyes non-executive director
Gebreyes has played seminal roles in the founding of companies with operations in Africa and abroad.
Abdulhamid Hassan’s fintech startup Mono raises $15-million Series-A round
The startup helps African businesses access high-quality financial data and direct bank payments.
Stephane Bancel’s Moderna to invest $500 million to build factory in Africa
The factory will produce about 500 million doses of mRNA vaccines annually on the continent.
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
Malawian tycoon Thomson Mpinganjira bags nine-year sentence in election bribery case
The judge said the tycoon committed a serious felony and was wrong for trying to use his money to pervert justice.
Christopher Pucillo-linked Avanti Communications looks to boost connectivity in rural Sub-Saharan Africa
Its new managed satellite service provides 2G, 3G and 4G services to remote areas.
Patrice Motsepe’s TymeBank partners with The Foschini Group, eyes 26 million South African customers
The partnership is part of the bank’s strategy to collaborate with retailers.
Runa Alam’s DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark
The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa.
Sun Exchange secures $2.5 million from Patrice Motsepe-backed Africa Renewable Power Fund
This latest fund follows an earlier $4-million Series-A funding round in 2020.
Zimbabwe suspends billionaire Strive Masiyiwa’s Cassava Smartech from trading on local bourse
The company was suspended from trading after failing to publish its most recent financial statements.
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.