Aliko Dangote, Mo Ibrahim join France in deliberating on Sudan’s $5-billion debt cancellation
President of France Emmanuel Macron announced the cancelation as a nod to Sudan’s progress with reforms.
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Morocco’s King Mohammed VI extends philanthropic activities in Ghana
His foundation has donated provisions to a polyclinic in Nima in Greater Accra.
Nigeria’s anti-graft agency confiscates oil tycoon Ernest Azudialu Obiejesi’s home in affluent Ikoyi
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.
Equity Group’s expansion in DRC can help spark economic growth: Group CEO James Mwangi
The company has acquired an additional 7.7-percent stake in its subsidiary, Equity Bank Congo.
Ghanaian waste mogul Joseph Siaw Agyepong partners with U.S. firm to build hi-tech waste-to-energy plants
They plan to construct the first plant in a new industrial enclave in the Greater Accra Region.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
From South Africa to Algeria, These Men Are Africa’s Richest Football Club Owners
These mega-rich businessmen have divested their wealth into professional sports teams.
Zimbabwean billionaire Strive Masiyiwa makes Fortune’s 2021 list of World’s 50 Greatest Leaders
Masiyiwa has made significant contributions to driving connectivity and cashless payments in Africa both before and during the COVID-19 pandemic
Safaricom free to launch M-Pesa as Ethiopia withdraws state monopoly
Foreign telecom companies will soon be able to launch mobile phone-based financial services.
Nigerian Logistics tycoon Taiwo Afolabi launches $118-million Lagos Marriott Hotel in Ikeja
The hotel is a partnership between SIFAX Group and Marriott International.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Egyptian billionaire Mohammed Mansour donates £100,000 to COVID-19 memorial fund in Knightsbridge
His donation will support building a multi-faith memorial at St. Paul’s Cathedral.
DRC could lose billions from resource deals with Dan Gertler: activists
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
Kenyan court spares Ronald Karauri’s SportPesa from state asset seizure
SportPesa and its owners will not face asset seizures, bank account freezes, or travel bans.
Nigerian anti-graft agency recovers $153 million from former petroleum minister
An additional 80 homes valued at $80 million have been recovered from ex-Minister Diezani Allison-Madueke.
Kenyan government eyes former Nairobi Governor Evans Kidero’s luxury real estate in capital
A trail of cash allegedly stolen from City Hall seems to lead back to the governor.