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.
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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.
Eight Thriving African Billionaires Who Are 60 Years Old and Under
These eight billionaires aged 60 and under are continuing to take the world by storm.
After king’s death, Zulu royals postpone appointing official heir
Queen Mantfombi Dlamini Zulu will govern the AmaZulu Kingdom in the meanwhile.
Elon Musk’s Neuralink makes waves with latest monkey demonstration
Neuralink’s brain implant allows the macaque monkey to play Ping Pong with his mind.
Abdul Samad Rabiu Africa Initiative appoints Ubon Udoh as managing director and CEO
The ASRi has announced the appointment of Ubon Udoh as its managing director and CEO.
Ernest Sampong’s pharmaceutical company launches herbal cough syrup
Ghanian pharmaceutical giant owner Ernest Bediako Sampong has introduced a new herbal cough remedy to the domestic market.
WorldRemit founder Ismail Ahmed commits $500 million to philanthropy in Somaliland
WorldRemit founder Ismail Ahmed has launched a $500-million fund to support education, healthcare and infrastructure development in his native Somaliland.
Sisa Ngebulana’s Rebosis in talks with potential savior investor amid bankruptcy fears
Rebosis, a real estate investment firm owned by South African businessman Sisa Ngebulana, is searching for a savior investor.
Lesotho frustrates tycoon Sam Matekane’s Sesiu Solidarity Fund initiative to procure COVID-19 vaccines
Government officials in Lesotho are frustrating a private sector initiative to procure COVID-19 vaccines.
Nigerian-Lebanese billionaire Gilbert Chagoury reaches deferred prosecution agreement with DoJ, pays $1.8-million fine
Lebanese-Nigerian tycoon Gilbert Chagoury recently entered a deferred prosecution agreement with the U.S. Department of Justice.