United Bank for Africa did not fund OML-17 acquisition: Nigerian mogul Tony Elumelu
The businessman and philanthropist addressed the subject during an interview with Arise TV.
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Liquor mogul Tabitha Karanja’s Keroche Breweries ready to accept legal decision in war with EABL
Keroche is a strong competitor for the British-controlled EABL, holding a 29-percent share of Kenya’s alcoholic beverage market.
Elon Musk’s SpaceX receives over 500,000 preorders for Starlink Internet
The project will provide global broadband Internet access to remote places.
Controversy over First Bank of Nigeria’s clash with regulator stirs bank run
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
Egyptian billionaire Nassef Sawiris’ Fertiglobe records growth in Q1 2021, eyes Abu Dhabi listing
The company has announced a potential move to list on the Abu Dhabi Stock Exchange.
Safaricom to earn Ksh 1.5 billion from Kenya’s state budget in 2021
The money is part of a $139.25-million payment for installing security and surveillance systems.
As royal family moves to bury Queen Regent, tensions hover over Zulu throne
The Amazulu royal kingdom has announced the official burial date of the late Queen Regent Shiyiwe Mantfombi Dlamini Zulu.
South Africa’s top insurer increases stake in Morocco’s SAHAM Assurance Maroc
South Africa’s largest insurer is acquiring an additional 22.8-percent stake in Morrocco’s SAHAM Assurance Maroc.
Honeywell Group releases statement on recent First Bank loan controversy
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
Nigerian authority clears Abdulmunaf Yunusa Sarina’s Azman Air to resume business
The Nigerian Civil Aviation Authority has given the thumbs-up to the airline after a series of incidents.
Ghanian multimillionaire Joseph Siaw Agyepong unveils sanitation fund
The fund will provide grants to public universities for environmental sanitation research in Ghana.
Central Bank of Nigeria dissolves First Bank board, expels Oba Otudeko
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
Zulu kingdom loses queen regent barely a month after her appointment
The Zulu Royal Family of South Africa has announced the untimely death of Queen Mantfombi Dlamini Zulu.
Safaricom shares rise to all-time high amid Ethiopia license bid
Investors rallied around the company as news spread that it is close to securing a license in Ethiopia.
Obi Emetarom’s pan-African fintech platform secures Series A funding
Appzone has announced the close of a $10-million round.
Mutumwa Mawere may lose his R2-million luxury apartment in South Africa
A failed loan repayment to Absa Bank has put the Zimbabwean tycoon into a financial bind.