Ghanaian tycoon Sam Jonah takes Nigeria to arbitration over $500 million Abuja property
Sam Jonah's JonahCapital has begun arbitration against Nigeria at the ICC in Paris over the termination of a lease on 501 hectares of Abuja land.
Arbitration
Umeme, Uganda's former power monopoly chaired by Patrick Bitature, has lost 85% of its value
Umeme shares have fallen about 85% since its Ugandan concession ended, and the company says it has no operating revenue and expects another loss.