From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners
These mega-rich businessmen have divested their wealth into professional sports teams.
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Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Safaricom free to launch M-Pesa as Ethiopia withdraws state monopoly
Foreign telecom companies will soon be able to launch mobile phone-based financial services.
Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja
The hotel is a partnership between SIFAX Group and Marriott International.
Elon Musk loses $25 billion since guest appearance on Saturday Night Live
The drop comes amid a steep 15-percent decline in Tesla’s shares.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Egyptian billionaire Mohammed Mansour donates £100,000 to COVID-19 memorial fund in Knightsbridge
His donation will support building a multi-faith memorial at St. Paul’s Cathedral.
Elon Musk says Tesla has suspended vehicle purchases using Bitcoin
Tesla will be looking at other, more sustainable cryptocurrencies.
DRC could lose billions from resource deals with Dan Gertler: activists
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
Kenyan court spares Ronald Karauri’s SportPesa from state asset seizure
SportPesa and its owners will not face asset seizures, bank account freezes, or travel bans.
Nigerian anti-graft agency recovers $153 million from former petroleum minister
An additional 80 homes valued at $80 million have been recovered from ex-Minister Diezani Allison-Madueke.
Kenyan government eyes former Nairobi Governor Evans Kidero’s luxury real estate in capital
A trail of cash allegedly stolen from City Hall seems to lead back to the governor.
Financially distressed AAR Healthcare unit in Tanzania put under liquidation
The healthcare provider is exiting after a decade-long presence in Tanzania.
Nigerian billionaire Aliko Dangote, Aigboje Aig-Imoukhuede team up to improve healthcare in Africa
The duo have signed a deal with the United Nations Economic Commission for Africa.
JSE appoints former MTN boss Phuthuma Nhleko as independent non-executive director
Nhleko will serve as a member of the remuneration, nominations and deal Committees.