UK court bars Nigerian media mogul Nduka Obaigbena from serving as Arise TV director
The judgment came on April 8 following the company’s compulsory liquidation.
Latest
Steel tycoon Narendra Raval pledges free oxygen cylinders for COVID-19 patients in Kenya
Kenya’s health secretary has identified the hoarding of empty oxygen cylinders as an obstacle in the fight against COVID-19.
Tanzanian billionaire Mohammed Dewji becomes advisor to South African President Ramaphosa
South African President Cyril Ramaphosa has appointed Mo Dewji to his Investment Advisory Council.
Aliko Dangote, John Coumantaros demand Nigeria shut down fellow billionaire’s sugar refinery
A legal action has been launched against Abdul Samad Rabiu.
Nassef Sawiris, Issad Rebrab and family named world’s richest Arabs
Egypt’s Nassef Sawiris and Algeria’s Issad Rebrab and family have emerged as the first and second richest Arabs in the world.
Isabel dos Santos cries foul against Angolan government
Isabel dos Santos is taking Angolan President Joao Lourenco to court in London.
Abdul Samad Rabiu to take home sizeable $169 million dividend from BUA Cement
The billionaire mogul will earn a $169.4 million dividend from his stake in BUA Cement Plc.
Sawiris family moves to expand further in Egypt’s gold sector
A deal between AKH Gold and Egypt’s Petroleum and Mineral Resources Ministry will increase the Sawiris’ stake in the gold sector.
Atedo Peterside advises Nigeria’s government to invest $1.5 billion in medical infrastructure
Multimillionaire economist Atedo Peterside has advised the Nigerian government to invest in medical infrastructure as opposed to the Port Harcourt Refinery.
Elon Musk nominated as board member at U.S. entertainment giant
Endeavor has nominated Elon Musk to join its board in an IPO filed with the U.S. Security Exchange Commission on March 31.
Nigussie Hailu forfeits bottling company shares after court ruling
Ethiopian businessman Nigussie Hailu has lost his shares in the East African Bottling Share Company.
Herbert Wigwe could earn over $3.02 million from Access Bank dividend
Access Bank Plc CEO Herbert Wigwe could earn over $3.02 million from the bank’s dividend in 2020.
Gideon Muriuki’s Co-op Bank secures $10 million to spark Kenyan agribusiness
Co-operative Bank and the German impact investment fund eco.business will offer affordable loans to Kenyan agribusinesses.
Nigerian oil tycoon Tunde Folawiyo launches creative studio in Lagos State
Nigerian oil tycoon Tunde Folawiyo’s five-year-old entertainment firm has launched a multi-functional creative studio.
$200-million stock deal deepens Sawiris family interest in global gold market
La Mancha Holdings announced the closing of a $159-million subscription to the shares of Endeavour Mining Corporation.
Patrice Motsepe’s TymeBank signs up 3-millionth customer
Billionaire mining tycoon Patrice Motsepe has shown the diversity of his business savvy with TymeBank.