Nigerian tycoon Herbert Wigwe’s Access Holdings gets approval to acquire Lagos-based First Guarantee Pension
Wigwe holds a 4.26-percent stake in the pan-African group.
West & Central Africa
Ghanaian founder Gregory Rockson’s mPharma to pay over $4 million in taxes in 2022
mPharma was founded in 2013.
Nigerian billionaire Abdul Samad Rabiu’s son resigns as director of BUA Foods
Earlier this year, Isyaku and his father earned a dividend of $151.6 million from their stake in the business.
Nigerian banker Jim Ovia to pocket $3.6 million in interim dividends from Zenith Bank
The news puts his total dividend earnings from Zenith Bank this year at $17.7 million.
Nigerian banking tycoon Jim Ovia’s Zenith Bank posts $264 million in profit in H1 2022
The increase in the bank’s profit can be attributed to a 17-percent rise in its gross earnings.
Zambian gov’t invites Africa’s richest man Aliko Dangote to invest in agriculture
Zambian Commerce and Industry Minister Chipoka Mulenga made the declaration over the weekend.
Nigerian banker Tony Elumelu commissions ultra-modern UBA Experience Center in Abuja
The center’s launch comes nearly one month after Elumelu opened a new UBA branch in Dubai.
American-Nigerian telecom tycoon Sam Darwish’s IHS Holding suffers $162.4 million in losses in H1 2022
Darwish said the group had a solid quarter despite today’s volatile macroeconomic environment.
Nigerian banking tycoon Tony Elumelu loses $10.4 million in 27 weeks from stake in United Bank for Africa
Elumelu owns a sizeable 6.96-percent stake in UBA, one of Nigeria’s leading banking groups.
Nigerian president taps Africa’s richest man Aliko Dangote to head Nigeria End Malaria Council
Dangote was chosen due to his track record and passion for supporting public health issues.
Namibian tycoon Quinton van Rooyen recoups previous losses as investors react to court ruling against JSE
Van Rooyen’s equity interest is still down by more than $40 million.
Africa’s richest man Aliko Dangote’s cement business to pay $221 million in corporate tax in H1 2022
Dangote Cement is 86-percent owned by Dangote and ranks as Africa’s largest cement producer.
Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Nigerian billionaire Abdul Samad Rabiu unveils $23.8-million security support fund
It is the single largest donation to a philanthropic cause made by a Nigerian businessman.
Mike Adenuga beats out Abdul Samad Rabiu to reemerge as Nigeria’s second-richest billionaire
His net worth has dropped by more than $400 million this year as Globacom’s share price sank.
Billionaire Gbenga Agboola’s Flutterwave faces allegations of financial impropriety amid IPO plans
Despite the allegations, the firm is continuing to prepare for its IPO.