U.S. fast food chain Burger King launches first outlet in Nigeria under Antoine Zammarien
Burger King is one of the many international companies drawn to Africa thanks to its appealing demographics.
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Nigerian oil tycoon Gabriel Ogbechie’s Rainoil acquires majority stake worth $26.1 million in Eterna
Founded in 1997, Rainoil is a prominent player in the Nigerian oil industry.
Jim Ovia’s Zenith Bank records one-percent growth in profit before tax for 9M 2021
Zenith Bank is a large financial services provider in Nigeria and Anglophone West Africa.
Edwin Kinyua-led East African Portland Cement rebounds in 2021 after significant losses last year
EAPC is a Kenya-based construction company specializing in cement sales and production.
South African billionaire Nicky Oppenheimer gains $220 million in October
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
Nigerian media tycoon and politician Orji Uzor Kalu offers scholarships to med school students
The OUK Foundation is a non-profit that contributes to national development through critical interventions.
Aliko Dangote’s salt-processing business reports $5.9 million in profit in 9M 2021
The Nigerian billionaire has received $1.6 million in dividends from the company since the start of 2021.
Kenyan banking tycoon Andrew Ndegwa loses $2.65 million in 60 days as NCBA shares slump
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
South Africa’s richest man Johann Rupert is now worth more than $10 billion
His present net worth makes him the second richest man in Africa behind Nigerian billionaire Aliko Dangote.
Nigeria’s oldest bank confirms finance mogul Tunde Hassan-Odukale as largest shareholder
Hassan-Odukale is the managing director and CEO of Leadway Assurance Company.
Led by influential Mauritian Lagesse family, LUX Island Resorts suffers $7.51-million loss in Q1 2022
During the quarter, the group’s revenue surged by 107 percent.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $160.6 million in profit for 9M 2021
BUA Cement is a Nigerian cement manufacturer with an installed capacity of 8 million tonnes per annum.
James Mwangi-led Equity Group to invest $1.5 billion in Africa-focused businesses in Kenya, South Africa
The group is embarking on the deal to expand its operational footprint beyond its current markets.
Mokwena Morulane-led Minergy Limited suffers $9.5-million loss in 2021
However, figures contained in its 2021 annual report revealed that revenue soared by almost 140 percent.
Mitwa Ng’ambi-led MTN Rwanda posts $19.1 million in profit for 9M 2021
The profit marked an 8.7-percent growth from the figure posted for the same period last year.