Nigerian startup founder Tunde Kara’s Vendease raises $3.2-million seed round
Vendease provides a transparent process for hotels and restaurants to purchase the best quality products at the best possible price.
Hot News
Nigerian startup founder Etop Ikpe’s Autocheck secures $13.1-million seed round
The company has successfully raised $16.5 million in the past 11 months.
Egypt’s Khamis family loses $27.2 million in nearly seven weeks as shares in Oriental Weavers retreat from record 41-month high
Oriental Weavers is the world’s largest manufacturer of machine-made carpets.
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.
Tax evasion case resumes against Kenyan tycoon Humphrey Kariuki
The prosecutors plan to cite evidence demonstrating the tax fraud scheme used by the defendant.
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.
South African executive Neal Froneman’s Sibanye-Stillwater to acquire two mines in Brazil in $1-billion deal
Sibanye-Stillwater is the world’s largest primary producer of platinum, second-largest producer of palladium and third largest producer of gold.
Egyptian billionaire Nassef Sawiris gains $230 million in two weeks as Adidas shares rebound from five-month low
Since the start of the year, Sawiris has seen his net worth increase by $264 million from $6.6 billion on Dec. 31, 2020.
South African businessman Stephen Brookes to pocket $857,100 in interim dividends from Balwin Properties
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.
Zimbabwean businessman Paddy Zhanda sells shares in Masimba Holdings worth $572,320
Masimba Holdings is a well-established group in Zimbabwe, providing engineering and infrastructure solutions.
Tony Elumelu’s United Bank for Africa reports $254.4 million in profit for 9M 2021
UBA is a Nigerian financial services group with operations in 20 African countries, the UK, the United States and France.
Nigerian billionaires fight to control one of country’s largest banks
Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.
Theophilus Yakubu Danjuma’s TY Holdings rebrands BOC Gases Nigeria months after acquiring 60-percent stake
BOC Gases is a subsidiary of the UK-based BOC Holdings Limited, an industrial and medical gas manufacturer.
Wealthy Moi family of Kenya sells stake in Siginon Aviation in deal worth $40 million
The deal gives NAS a foothold in Nairobi, a major hub in the African aviation industry.
Wife of banking tycoon Aigboje Aig-Imoukhuede takes seat as executive vice chair of his philanthropic organization
The Aig-Imoukhuede Foundation is a philanthropic organization committed to improving the lives of Africans.
11 African beverage tycoons you should know
Meet 11 African tycoons, who have built multimillion-dollar fortunes by manufacturing alcoholic beverages.