Emirati investor Hussain Al-Nowais’ AMEA Power launches West Africa’s largest solar plant in Togo
AMEA Power develops thermal and renewable energy in Africa, the Middle East and Asia.
Latest
Stake of Kenyan banker James Mwangi in Equity Group gains $7.71 million in 83 days
The gains can be linked to the group’s better-than-expected financial results for Q1 2021.
Stake of Nigerian polyurethane tycoon Samuel Bolarinde gains $8.29 million in Vitafoam Nigeria Plc
Bolarinde led the company’s board between 2002 and 2013 after retiring as managing director and CEO in March 2002.
Africa’s richest man Aliko Dangote moves to tap into U.S., Brazilian fertilizer markets
Several weeks ago, Dangote launched a $2.5-billion fertilizer plant that produces three times more than local consumption.
Air Peace makes paradigm shift in Nigerian aviation industry, says owner Allen Onyema
The company recently added a new Embraer (E195-E2) to its commercial fleet.
Malawian banker Hitesh Anadkat to pocket $698,340 in dividends from FMB Capital Holdings
Founded in 1995, the company is Malawi’s first private bank.
Nigerian lawmaker who sought to extort billionaire Femi Otedola bags seven years in prison
Farouk Lawan sought and obtained a bribe from Otedola during a probe into an alleged fuel subsidies scam.
Trella completes $42-million Series-A funding round for MENAP expansion: CEO Omar Hagrass
The latest round involves $30 million in equity and $12 million in debt facilities.
Stake of Moroccan real estate tycoon Anas Sefrioui in Groupe Addoha gains $94.69 million in 21 days
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.
Abdulsamad Rabiu donates $24.3 million to support healthcare across Nigeria
The states to benefit from the latest disbursement include Ogun, Sokoto, Kwara and Edo.
Ghanaian magnate Daniel Ofori suffers losses of $370,047 from stake in CAL Bank since April 30
The decline can be attributed to the profit-taking activities of retail investors who exited the bank.
Stake of Nigeria’s second richest man Mike Adenuga in Conoil gains $2.26 million in 21 days
The gains follow a surge in the oil marketing company’s share price.
DRC moves to revoke oil exploration licenses issued to controversial Israeli billionaire Dan Gertler
The licenses allow his companies to manage two oil blocks bordering Uganda to the east.
Stake of Egypt’s Khamis family in Oriental Weavers gains $46.80 million
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.
Kenyan industrialist Manu Chandaria loses reins of Kaluworks steel and plastics producer
The company defaulted in the repayment of a $40-million debt.
Kenya Revenue Authority revisits $13-million tax dispute against multimillionaire Rai family
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.