Nigerian Senate looks to promote cement market competition
The Nigerian Senate has called for liberalizing cement policy to boost production and reduce market prices.
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Nigerian Energy tycoon Benedict Peters to settle mining dispute between Zimbabwe and Amari Platinum
Bravura Zimbabwe (Pvt) Ltd. will offset a $15-million debt that Zimbabwe owes Amari Holdings Ltd.
MTN, Safaricom race to clinch market share in the Ethiopian telecom sector
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.
Tony Elumelu’s Transcorp injects $120 million into hotel rehabilitation
After 30 years as Nigeria’s leading hospitality outfit, Transcorp Hotels is injecting more than $120 million into rehabilitating its five-star hotels.
Elon Musk drops on world’s richest list after fatal Tesla car crash
A Tesla crash has led to Elon Musk dropping to the number-three spot on the list of the world’s richest men.
Multimillionaire gambling mogul Kessington Adebutu adopts Nigeria’s national stadium in Lagos
Nigerian gambling mogul Kessington Adebutu has taken on the rehabilitation of Nigeria’s national stadium in Lagos.
Arsenal fans clamor for Aliko Dangote to become club’s new owner
Arsenal FC fans are calling for a new owner after Stan Kroenke’s decision to join the breakaway European Super League.
South African tycoon Rob Hersov announces plans to build world-class airport in Cape Town
South African tycoon Rob Hersov plans to build a world-class airport in Cape Town.
Exiled mogul Mutumwa Mawere seeks redress over 17-year rent losses in Zimbabwe
Exiled Zimbabwean mogul Mutumwa Mawere is seeking redress over 17 years of rent losses in Harare.
Abdul Samad Rabiu donates $2.6 million to University of Ibadan
A newly founded philanthropy established by Africa’s sixth richest man has donated $2.62 million to the University of Ibadan.
Kenyan authorities seek to prosecute Humphrey Kariuki for tax evasion
The Kenya Revenue Authority is investigating embattled businessman Humphrey Kariuki for tax evasion.
IFC partners with Gideon Muriuki’s Co-operative bank and Philips on COVID health funding deal
The International Finance Corporation has partnered with Gideon Muriuki’s Co-operative Bank and Philips in a $300-million deal to fund small- and medium-sized businesses in the fight against COVID-19.
Madagascan tycoon Hassanein Hiridjee acquires Millicom’s Tanzanian operations
Millicom has announced an agreement to sell its Tanzania operations for an undisclosed amount to a consortium led by Axian Group.
Tanzanian billionaire Mo Dewji displeased with FCC’s latest move against Simba SC
Mo Dewji is upset over the latest decision by Tanzania’s Fair Competition Commission to restart talks regarding the restructuring og the Simba Sports Club.
Property tycoon Tayo Amusan’s Persianas to acquire Shoprite Nigeria
Tayo Amusa’s Persianas Property Ltd. is buying Shoprite Nigeria as the South African retailer retreats from other African markets.
Ten African Heiresses Driving Forward Their Parents’ Legacy
These African heiresses are either giving back to the community or helping to grow their parents’ businesses.