Nigerian businessman Tony Elumelu invites African entrepreneurs to apply for $5,000 in seed capital
He emphasized the importance of not only personal success but also giving back to the community.
Tribunal denies investors $4.1 million in lawsuit linked to retail chain led by Kenyan tycoon, Atul Shah
Nakumatt Holdings started facing serious financial difficulties in 2016.
Wealthy Kenyan banker Suresh Bhagwanji Shah acquires Nairobi Business Park
Suresh Bhagwanji Shah is the founder of I&M Holdings.
Femi Otedola’s Geregu Power gains $170.1 million following Afreximbank deal
Geregu Power is a major player in Nigeria’s power sector.
Black couple acquires property in North Carolina for $3.85 million
In 2019, the James family founded Duke Ventures.
Dangote’s oil refinery set to transform African petroleum industry in 2023
The refinery will be closely watched by the global energy industry.
Meet Namibia-based entrepreneur who secured $15 million in funding for his startup
David Akinin established JABU to improve Namibia’s inefficient supply chain and distribution channels.
Africa’s richest man Aliko Dangote awards 460 scholarships to students in Lagos State
Dangote Group is the continent’s most diversified manufacturing conglomerate.
Afreximbank’s FEDA acquires minority stake in Femi Otedola’s Geregu Power
Afreximbank’s Fund for Export Development in Africa will acquire a minority stake in Geregu Power.
Angola Supreme Court orders seizure of $1 billion in assets belonging to Isabel dos Santos
Dos Santos was once considered Africa’s wealthiest woman.
Meet Ugandan-based entrepreneur who secured $30 million in funding for his startup this year
Prior to founding Asaak, Sattar worked as a data scientist at LendingHome.
Coris Bank, headed by Burkinabe businessman Idrissa Nassa, opens new branch in Togo
Coris Bank is a leading force in the financial services industry.
Nairobi-based tech tycoon Kamal Budhabatti launches ride-hailing service in Ghana
During the launch, Budhabatti highlighted the company’s commitment to customer safety.
Meet Cameroonian entrepreneur who launched $10-million fund to support African tech startups
Eunice Ajim is a Cameroonian-American tech entrepreneur and serial investor.
Egyptian billionaire Naguib Sawiris eyes new investments in Pakistani markets
Sawiris is one of the richest billionaires in Africa and the second-richest man in Egypt.
Ugandan magnate Patrick Bitature seeks gov’t bailout through power plant sale
Bitature is the group CEO of Simba Group.