Nigerian pharma tycoon Fidelis Ayebae’s stake surges past $21 million
Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
Cosmas Maduka: If Coscharis were listed, I’d be worth $5 billion
Nigerian entrepreneur Cosmas Maduka says Coscharis Group could make him worth $5 billion, reflecting decades of business growth and influence.
Kenyan tycoon Jimnah Mbaru gains $3 million from Britam shares
Kenyan tycoon Jimnah Mbaru gains $3 million as Britam shares surge on Nairobi Securities Exchange.
Aliko Dangote’s refinery cuts petrol price by 5.6 percent ahead of holiday season
Aliko Dangote’s refinery lowers petrol price by 5.6 percent, easing costs for motorists ahead of the holidays.
Swazi billionaire Natie Kirsh sees $710 million drop in wealth
Swazi billionaire Natie Kirsh’s fortune has fallen by $710 million to $9.69 billion as weaker asset valuations hit his global retail and real estate holdings.
Nigerian executive Chuka Mordi leads Ellah Lakes’ agro push with $163 million raise
Nigerian executive Chuka Mordi is steering Ellah Lakes toward regional agro-industrial dominance with a $163 million public offer.
Cameroonian banker Alain Nkontchou-linked Ecobank gets $12 million to boost African SMEs
Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.
Nigerian tycoon Rasheed Sarumi-led Presco launches $165 million rights issue
Presco Plc, chaired by Rasheed Sarumi, launches a $165 million rights issue to expand operations and strengthen its market position.
Femi Otedola’s net worth hits $1.6 billion on gains from Geregu Power, First HoldCo
Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1.6 billion on strong gains from Geregu Power and First HoldCo.
Vodacom settles with ‘Please Call Me’ inventor Nkosana Makate after $1.5-billion standoff
Vodacom confirmed that its board approved the agreement on Nov. 4 and said the financial impact will be reflected in its half-year results due Nov. 10.
Sim Tshabalala-led Standard Bank expands into Egypt with new office
Standard Bank is launching a Cairo office on Nov. 12, strengthening Africa’s link to global capital markets.
Ghana’s top investor, Daniel Ofori, gains $13.2 million on bank holdings
Ofori’s Société Générale Ghana stake climbs to $18 million after $13.2 million gain from share surge and cedi strength.
Kenyan lawyer Desterio Oyatsi gains $6.7 million from NCBA stake surge
Oyatsi, who serves as the deputy group chairman of NCBA, owns 21.7 million units of the bank’s shares, representing a 1.32 percent stake in the lender.
Sergio Tati’s Anda gets $3.5 million to transform Angola’s motorcycle transport
Angolan startup Anda, co-founded by entrepreneur Sergio Tati, raised €3 million ($3.5 million) to formalize and finance the country’s motorcycle taxis.
Nigerian entrepreneur Olanrewaju Olaniyan’s Siatech Africa builds Liberia’s first solar city
Olanrewaju Olaniyan’s Siatech Africa launches Liberia’s first solar city, merging clean energy with digital growth across West Africa.
Aliko Dangote may sell stake as NNPC seeks larger share in $20 billion refinery
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.