Nigerian billionaire Abdul Samad Rabiu gains $313.2 million in 50 days from stake in BUA Foods
Rabiu and his son own 99.8 percent of BUA Foods.
West & Central Africa
Igho Sanomi of Taleveras Group receives philanthropy award in New York
Sanomi is a co-founder of the Dickens Sanomi Foundation.
Aliko Dangote reemerges as world’s 74th richest billionaire
Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.
Nigerian mogul Tony Elumelu signs $20-million deal to support African entrepreneurs
Elumelu has played a key role in assisting young entrepreneurs.
Nigerian banking tycoon Herbert Wigwe’s Access Holdings receives CBN approval to launch payment subsidiary
Wigwe owns 4.26 percent of the pan-African conglomerate.
Aliko Dangote’s sugar company pledges millions for CSR initiatives in Nigeria
Dangote Sugar is a subsidiary of Dangote Industries Limited.
Led by wealthy Ivorian Billon family, Palmci’s market cap slumps by $58.9 million in 138 days
Jean-Louis Billon has been instrumental in the growth of Palmci.
Nigerian tycoon Herbert Wigwe to pocket $700,000 in interim dividends from Access Holdings
Access Holdings is Nigeria’s largest financial services group in terms of assets.
Senegalese-born TikToker Khaby Lame could earn as much as $10 million this year
Lame has become a global influencer in recent years.
Babs Ogundeyi-led Kuda Bank records over $14 million in losses in 2021
The loss has sparked a discussion about how well modern fintech firms are actually doing in Nigeria.
Nigerian billionaire Mike Adenuga loses $9.2 million in 110 days from stake in Conoil
Adenuga holds a majority 74.4-percent stake in the petroleum marketing firm.
Ghanaian founder Gregory Rockson’s mPharma acquires majority stake in HealthPlus
mPharma manages pharmaceutical inventories for African mom-and-pop pharmacies.
Herbert Wigwe’s Access Holdings announces first-ever interim dividend as profits surge above $205 million
Earnings growth at the bank was hampered by increased fee and commission expenses.
Senegalese entrepreneur Fatoumata Ba-led Janngo Capital hits first close for $63-million fund
Ba is a Senegalese venture capitalist and tech entrepreneur.
Greek businessman John Coumantaros’ Flour Mills to raise $467 million in new capital
Coumantaros controls a majority 63.34-percent stake in the company.
Nigerian billionaire Tony Elumelu to receive $1.11 million in interim dividends from UBA
Elumelu owns 6.96 percent of UBA, or 2,380,941,756 ordinary shares.