Nigerian oil tycoon Jide Omokore acquitted of $1.6-billion fraud
Omokore is the chairman of Atlantic Energy Drilling Concepts Nigeria Limited.
Latest
Nigerian energy mogul Abdulwasiu Sowami’s Ardova to delist from NGX
Sowami owns 74.1 percent of the oil marketing firm’s issued shares.
South African mogul Neal Froneman-led Sibanye-Stillwater gets permit for Finnish lithium project
Froneman holds a 0.074-percent stake in the precious metal mining group.
South African businessman Colin Rezek-led Vantage closes $377-million fourth mezzanine fund
Vantage Capital made its groundbreaking foray into mezzanine finance in 2006.
Nigerian billionaire Femi Otedola’s Geregu Power gains $380 million in 37 days
The majority of the power-generating company is controlled by Otedola.
Kenyan mogul John Kimani-linked Kakuzi gears up for showcase at Berlin’s global trade fair
Kimani owns a 32.3-percent stake in Kakuzi.
South African mogul Neal Froneman’s latest pursuit: Zambian copper mines
Froneman’s interest in Zambia’s copper mining assets represents a major opportunity for the country.
Keroche CEO Tabitha Karanja battles state capture in $112.80-million tax dispute
Keroche Breweries is one of the largest producers of alcoholic beverages in Kenya.
Led by South African exec July Ndlovu, Thungela Resources set to acquire mine in Australia
Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
Antoine Delaporte’s Adenia Partners looks to acquire Kenyan restaurant chain, Java House
Adenia Partners is an African-focused private equity firm.
Kenyan businessman Paul Ndung’u ousted as SportPesa shareholder amid legal battle
Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
U.S. billionaire Robert F. Smith partners with Deepak Chopra to boost Black leadership
Smith is America’s richest Black man.
Meet 36-year-old Kenyan entrepreneur who recently secured $3 million for her startup
Wandia is the CEO of Kwara, a Kenyan-based online and mobile banking platform.
South African billionaire Nicky Oppenheimer gains $800 million in 36 days
Oppenheimer’s net worth has risen by $800 million since the start of the year.
Tunisian tycoon Abdelwaheb Ben Ayed has now lost $1.64 million since start of 2023
Ben Ayed owns a beneficial 3.4-percent stake in Poulina Group.
Lessons from Meghan Markle and Prince Harry’s story
On Dec. 8, 2022, the world woke up to the Netflix documentary, “Meghan Markle and Prince Harry.”