Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
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South Africa’s second-richest man Nicky Oppenheimer loses $200 million in 41 days
This translates to an average loss of $4.88 million per day for the billionaire since July 2.
Gideon Muriuki gains $1.13 million in 43 days as CIC Insurance Group shares soar
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
H1 dividend beats pre-COVID-19 era, says Daniel Pretorius’ Master Drilling
Profits for H1 2021 performed better than in the six months ending June 2019.
Kenya summons Britam Holdings directors over irregularities in Peter Munga deal
Last week, a Mauritian commission of inquiry revealed a suspicious deal concluded by Munga and Mauritian officials.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Meet Haruna Sentongo, Uganda’s 34-year-old slumlord millionaire
Sentogo’s Haruna Enterprises U owns malls, apartment complexes and office buildings across Kampala.
Nombasa Tsengwa-led Exxaro Resources anticipates 111-percent rise in interim HEPS
The rise in the company’s earnings is attributed to increased equity-accounted income from Sishen Iron Ore.
Meet Dr. Michael K. Obeng, the Ghanaian plastic surgeon to Hollywood, royalty and supermodels
Ghanaian-born, Harvard-trained Dr. Michael K. Obeng is one of the most sought-after cosmetic experts in the United States.
South African Mouton family loses $18.85 million in 54 days as PSG Group shares retreat from high
Shares in the holding had risen to an all-time high on June 17.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Jadiah Mwarania-led Kenya Re sees mid-year profits nosedive
Its mid-year profits fell by 66 percent compared to last year.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Russian billionaire Igor Rybakov on business, life and transforming education worldwide
A man of many labels, Rybakov is the original renaissance man. And he’s as interesting as they come.
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Mauritian businessman Pierre-Guy Noel retires as CEO of MCB Group Limited
Noel will exit his position at the end of August after reaching retirement age of 65.