First Bank Nigeria’s new top exec Urum Kalu Eke buys huge tranche of shares just weeks after Central Bank backlash
The move is raising some eyebrows, while others say it’s just “business as usual.”
Heineken negotiates to acquire Johann Rupert’s Distell Group
Distell is linked to South African billionaire Johann Rupert.
Elon Musk says Tesla has suspended vehicle purchases using Bitcoin
Tesla will be looking at other, more sustainable cryptocurrencies.
Financially distressed AAR Healthcare unit in Tanzania put under liquidation
The healthcare provider is exiting after a decade-long presence in Tanzania.
Nigerian billionaire Aliko Dangote, Aigboje Aig-Imoukhuede team up to improve healthcare in Africa
The duo have signed a deal with the United Nations Economic Commission for Africa.
JSE appoints former MTN boss Phuthuma Nhleko as independent non-executive director
Nhleko will serve as a member of the remuneration, nominations and deal Committees.
Strive Masiyiwa’s Distributed Power Africa terminates power lease deal with Nyanza Light Metals
The contract was terminated due to delays in constructing a solar power plant.
Aliko Dangote’s sugar company confirms price increases months after sugar scarcity controversy
The hike in prices grew Dangote Sugar Refinery’s revenue by 41.5 percent.
Emeka Okonkwo now among Union Bank’s biggest shareholders following acquisition of 2.4 million shares
Okonkwo is also the company’s CEO.
Tony Elumelu Foundation partners with Stanford University to produce research on the mindset of African entrepreneurs
The research revealed that pertinent cultural factors influence women’s entrepreneurial journeys in the region.
Billionaire CAF President Patrice Motsepe donates $10 million to develop school football
The donation was made through the Motsepe Foundation.
Ugandan tycoon Patrick Bitature re-elected as chairman of energy distributor Umeme
Bitature has been on the board since November 2007.
Suez Canal Authority’s $916-million demands unrealistic: Naguib Sawiris
The Egyptian billionaire said the authority’s demands contradict national interests.
Abdul Samad Rabiu to take home sizeable $169 million dividend from BUA Cement
The billionaire mogul will earn a $169.4 million dividend from his stake in BUA Cement Plc.