Tech billionaire Gbenga Agboola’s Flutterwave denies losing $6.3 million to hackers
This development comes just three weeks after the fintech unicorn regained access to $52.5 million in frozen funds.
West & Central Africa
Beninese tycoon Dare Okoudjou’s MFS Africa partners with Western Union to facilitate payment in over 200 countries
Okoudjou founded MFS Africa in 2009.
Nigerian banking magnate Jim Ovia’s Zenith Bank receives approval to restructure into a holding company
Ovia has been appointed as the chairman of Zenith Holdco Plc.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
Aliko Dangote’s sugar business reports impressive performance as profit surpasses $110 million in 2022
Dangote Sugar Refinery is a leading sugar business.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to boost its capital expenditure to $750 million in 2023
Mittal owns an indirect 3.38-percent stake in the telecom giant.
Nigerian billionaire Abdul Samad Rabiu’s net worth skyrockets to $8 billion, eyes Africa’s top 3 richest spot
Rabiu is also set to receive a dividend of $198 million.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Nigerian energy magnate Bryant Orjiako’s Seplat rakes in $950 million in revenue in 2022
Orjiako and Austin Avuru are both credited with turning Seplat Energy into the largest listed company on the Nigerian Exchange.
Nigerian billionaire Abdul Samad Rabiu to pocket $198-million dividend from BUA cement
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
Aliko Dangote’s cement company reaches all-time highs, profits exceed $800 million in 2022
Dangote recommended a dividend of $0.0434 per share.
Ghana’s richest stock investor Daniel Ofori takes $1.5 million hit on Societe Generale Ghana stake
Ofori’s stake in Societe Generale Ghana has decreased by over $1.5 million since the start of the year.
Aliko Dangote hails highest voter turnout in over two decades in Nigeria’s presidential election
Dangote described the turnout as “very, very impressive.”
Nigerian energy tycoon Michael J. Prest wins legal victory in Caribbean island of Nevis
Prest is the founder of BONI, an international bank offering private and wealth management services.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement smashes records, surpasses $210-million profit in 2022
BUA Cement Plc is one of Nigeria’s leading cement companies.