Strive Masiyiwa’s Distributed Power Africa terminates power lease deal with Nyanza Light Metals
The contract was terminated due to delays in constructing a solar power plant.
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Ghanian tycoon Ibrahim Mahama’s new cement factory set to make waves on local market
It has thus far been dominated by foreign players.
Aliko Dangote’s sugar company confirms price increases months after sugar scarcity controversy
The hike in prices grew Dangote Sugar Refinery’s revenue by 41.5 percent.
Emeka Okonkwo now among Union Bank’s biggest shareholders following acquisition of 2.4 million shares
Okonkwo is also the company’s CEO.
Tony Elumelu Foundation partners with Stanford University to produce research on the mindset of African entrepreneurs
The research revealed that pertinent cultural factors influence women’s entrepreneurial journeys in the region.
Top Kenyan officials called before court to account for missing member of wealthy Gulen family
The court has summoned three top officials to account for Selahaddin Gulen’s disappearance.
Billionaire CAF President Patrice Motsepe donates $10 million to develop school football
The donation was made through the Motsepe Foundation.
Prince Misuzulu named Zulu king amid tension, government withdraws security
The newly appointed king was whisked out of the royal palace for safety concerns.
Ugandan tycoon Patrick Bitature re-elected as chairman of energy distributor Umeme
Bitature has been on the board since November 2007.
Suez Canal Authority’s $916-million demands unrealistic: Naguib Sawiris
The Egyptian billionaire said the authority’s demands contradict national interests.
Aliko Dangote roped into controversial Onne seaport story with Hadiza Bala
Some have implied that Africa’s richest man played a role in the scandal.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part II.
Part II of our gallery of Russian and Eurasian businessmen who are pursuing opportunities in Africa.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part I.
Since the fall of the Soviet Union, an eclectic array of Russian and Eurasian entrepreneurs have taken to the African continent.
Nigerian multimillion-dollar startup Paystack launches in South Africa
After a six-month pilot program, Nigerian payments platform Paystack has launched operations in South Africa.
Akwa Ibom becomes first regional government to benefit from ASRi social development program
The Abdul Samad Rabiu Initiative has made its inaugural donation to help improve social development in Africa.
Africa’s wealthiest man Aliko Dangote loses $200 million in Dangote Cement stock slide
The billionaire’s net worth peaked at $18.4 billion earlier this year in January.