South African miner partners with Johnson Matthey to develop solutions for low carbon future
A leading South Africa-based miner has partnered with Johnson Matthey to develop solutions to promote a low carbon future.
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South African billionaire Patrick Soon-Shiong partners Biovac to produce COVID-19 vaccines
Patrick Soon-Shiong looks to deploy COVID-19 vaccines in South Africa.
Nigeria to commission $1.3-billion fertilizer plant with Morocco
The plant will facilitate fertilizer production using gas reserves, improve Nigerian agriculture and enhance bilateral trade between the countries.
From the Guinean mountains to Swiss prison: The story of Israeli diamond mogul Beny Steinmetz.
Steinmetz was recently sentenced to five years in prison and a massive fine.
Kenyan advertising tycoon Bharat Thakrar resigns from WPP Scangroup
Scangroup announced that its founder has resigned.
Swiss court reverses freeze on Angolan tycoon Carlos Manuel de Sao Vicente’s assets
Carlos Manuel de Sao Vicente has a brief window to enjoy his recently released assets while behind bars.
Ardova moves to acquire Tunde Folawiyo’s Enyo
The Nigerian oil company Ardova has announced plans to acquire Enyo.
Abdul Samad Rabiu launches $100-million philanthropic drive
Nigerian tycoon Abdul Samad Rabiu recently launched a $100-million Africa fund called the Abdul Samad Rabiu Initiative.
Aliko Dangote fertilizer plant soon to commence operations in Lagos
Africa’s richest man has announced the commencement of operations of his new granulated urea fertilizer plant.
Mark Cuban invests in Morocco’s tech sector as ties with Israel restored
U.S. billionaire Mark Cuban is making moves to invest in Morocco’s emerging fintech sector.
Elon Musk faces unusual investor lawsuit in March
The investor accuses Musk of violating a 2018 settlement with the SEC.
Aliko Dangote to pocket $615 million from cement dividend
Aliko Dangote will take home $615.83 million in dividends from his 86-percent share in his cement business for 2020.
South African Exxaro Resources mining giant names CEO designate
Exxaro Resources has announced Nombasa Tsengwa as its new CEO-designate.
Abdul Samad Rabiu donates $500,000 to Sokoto State University
The Nigerian billionaire has donated N200 million ($525,250) to construct an ICT faculty building at Sokoto State University
Zenith Bank founder Jim Ovia makes $23.35 million during pandemic
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.
Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.