Yahui Zhou’s OPay emerges as Africa’s latest unicorn with $2-billion valuation
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.
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Namibian businessman Koos Brandt’s stake in Capricorn Group now worth $81.2 million
Capricorn Group is a Namibia-based investment holding focused on banking, insurance and finance.
Gideon Muriuki’s Co-op Bank extends JV with South Sudan by three years
The move will renew the parties’ co-ownership of the bank’s subsidiary in Juba.
South African senior executive Josua Malherbe earns $1.31 million in 152 days
The earnings come as Remgro Limited’s shares surge by double digits.
Former CEO Richard Brasher earns $2.45 million in compensation from Pick n Pay
Brasher retired in April of this year.
Gabriel Theron-led cannabis firm Cilo Cybin plans listing on Johannesburg Stock Exchange
The company plans to produce marijuana for sale to consumers globally.
Africa’s richest men see their net worth increase by $2.19 billion in 2021
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Aliko Dangote’s cement company to engage investors in new $364.4-million debt facility
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.
Gem Diamonds CEO Clifford Elphick looks to sell troubled Ghagoo mine in Botswana to ‘godfather’ of Irish whiskey
The acquisition will be made through its Okwa JV with Vast Resources (VAST).
Nigerian banker Herbert Wigwe gains $6.5 million as Access Bank shares surge
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
Ernest Ndukwe-led MTN Nigeria wants to invest $1.46 billion to expand network infrastructure in country
MTN Nigeria is a subsidiary of the South African multinational telecom giant MTN Group.
Somali multimillionaire businessman Ismail Ahmed seeks funding at $5-billion valuation
WorldRemit is a cross-border digital payments platform that provides money transfer services.
Kenya-based businessman Rohan Patel earns $747,900 as Sanlam Kenya shares rebound
Sanlam Kenya is an insurance, investment and retirement group based in Nairobi.
Zimbabwean senior executive Ralph Mupita earns $2-million compensation from MTN in 2020
Mupita became president and CEO in September 2020.
Patrick Tumbo-led Sanlam Kenya records $2.66-million loss in first half of 2021
COVID-19-induced disruptions its exposed insurance assets and investments to emerging risks.
Junaid Wahedna launches Islamic fintech platform Wahed in South Africa
Wahed is an online ethical investment platform and the world’s first global robo-advisor.