Australian billionaire Andrew Forrest moves to develop world’s largest hydropower project in Congo
Forrest has held talks with the DRC to acquire the exclusive rights to develop the Grand Inga Dam.
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Nigerian economy could see serious boost from NNPC stake in Dangote Oil Refinery
The country could earn $11 billion per annum from the project.
Group Vice President Ebenezer Asante sees stake in MTN Ghana rise by $330,000
The gains were triggered by a surge in the company’s shares on the Ghana Stock Exchange amid renewed investor interest.
Egyptian electricity mogul Ahmed El Sewedy looks to deepen footprint in Angola
The businessman said his company is now considering launching manufacturing units there.
Stake of late Kenyan tycoon Christopher Kirubi in Centum surged by $2.8 million in two weeks
The gains in his stake can be attributed to the increase in the company’s share price on the Nairobi Stock Exchange.
Storied Kenyan tycoon Chris Kirubi passes away at 80
According to a statement published by the businessman’s family, Kirubi died at his home in Nairobi at 1 pm.
Strive Masiyiwa leads team to unlock $3 billion in financing for COVID-19 vaccines
The financing will be derived from a partnership between the World Bank and African Export-Import Bank.
Shipping mogul Victor Odili to earn $11.5 million in dividends from MTN Nigeria
Odili holds a 3.96-percent stake in the company.
Africa’s fourth richest billionaire Mike Adenuga to pocket $1.88 million in Conoil dividends
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.
Kenyan media mogul John Kimani’s stake in Kakuzi surges by $1.17 million
The gains are due to the recent rise in the company’s shares on the Nairobi Stock Exchange.
Neal Froneman’s Sibanye-Stillwater buys back $603.12 million in shares
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.
South African billionaire Christo Wiese’s stake in Shoprite declines by $36 million
The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.
Gidon Novick-linked Global Airway acquires controlling stake in debt-ridden South Africa Airways
Global Airways and Harith General Partners will acquire a 51-percent stake in South African Airways.
South African cable behemoth offers $281.5 million for stake in Adekunle Adeniji’s BetKing
The offer came after Multichoice’s board granted approval to increase its stake in the sports betting company.
Paga could reach $1-billion valuation within ‘next year or two’: CEO Tayo Oviosu
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
Shares of Kenyan investment banker Jimnah Mbaru in Britam gain $1 million
The gains are the result of an upward trend in the group’s shares on the Nairobi Stock Exchange.