Former partner challenges City of Harare for awarding ‘$2 billion’ in property to tycoon Ken Sharpe
George Katsimberis has challenged the city for awarding the land to Sharpe’s Augur Investments.
Hot News
Ackerman family loses $71.5 million in 12 days as Pick n Pay shares fall to 20-week low
Shares in the retailer on the Johannesburg bourse have lost more than one-eighth of their value since May 31.
James Mworia-led Centum posts first full-year loss in 42 years
Centum Investment Company has declared a loss of $12.6 million at the end of its 2021 accounting year.
Family of late Kenyan industrialist Chris Kirubi to pocket $608,250 Centum dividend
The multimillionaire industrialist held a 30.08-percent stake in the leading investment group.
Netherlands court orders Isabel dos Santos to hand over Galp shares worth $500 million to Angola
The court found dos Santos guilty of exploiting Angola’s oil wealth.
AMCON takes over insurance assets belonging to Nigerian tycoon Jimoh Ibrahim
Ibrahim is the group managing director and controlling shareholder of NICON Insurance and Nigeria Re.
John Borshoff’s Deep Yellow to cancel 1.54 million shares due to unmet criteria
According to a notification on the Johannesburg Stock Exchange, the share buy-back program will occur on Aug. 13.
South African businessman Christoffel Wiese suffers $22.7-million loss as Tradehold shares tumble
The multimillion-dollar loss came off the back of a double-digit plunge in the share price of Tradehold.
Abdul Samad Rabiu donates $2.43 million to University of Benin
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Nigerian logistics tycoon Taiwo Afolabi’s new $118.4-million hotel experiences power hiccup
The Lagos Marriott recently suffered from a power outage lasting nine hours.
Leading Nigerian tech innovator Odunayo Eweniyi’s PiggyVest acquires Savi.ng
Savi.ng is a wealth management app founded in 2018.
Ade Adeyemi-led Ecobank Group posts $154 million in profits for H1 2021
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.
Shares of Haresh Soni-led Nairobi Business Ventures see all-time high after Delta takeover
The company has staged the largest-ever short-term rally on the Nairobi Stock Exchange.
Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
Leading Nigerian angel investor Olumide Soyombo launches investment company Voltron Capital
Voltron is a pan-African VC firm helping tech startups on the continent access early-stage funding.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.