Nigerian banker Herbert Wigwe’s Access Holdings to become majority shareholder in Finibanco Angola
Wigwe owns 4.26 percent of the pan-African conglomerate.
West & Central Africa
Nigerian billionaire Femi Otedola’s Geregu Power completes listing on Nigerian Exchange
The power-generating company was acquired in 2013 by Otedola.
Nigerian entrepreneur Tola Adesanmi’s proptech startup, Spleet, raises $2.6 million to drive expansion
Adesanmi and Dolapo Adebayo founded Spleet after returning to Nigeria from the UK in 2018.
Nigerian banking magnate Jim Ovia has now lost $60.4 million from stake in Zenith Bank
He is on course to earn an interim dividend of $3.6 million from his stake in the bank.
Ghana’s richest investor Daniel Ofori has now lost nearly $10 million from stake in GCB Bank
Ofori, the wealthiest shareholder on the Ghana Stock Exchange, owns 7.49 percent of GCB Bank.
Nigerian billionaire Femi Otedola’s power company eyes $579-million market cap
The company has an implied valuation of $579 million.
Africa’s richest man Aliko Dangote loses $400 million in September
His net worth plunged from $19.1 billion at the start of the month to $18.7 billion.
Nigerian-Lebanese tycoon Bassim Haidar plans to launch BNPL e-commerce product in South Africa
The product will provide e-commerce suppliers with a cost guarantee.
Nigerian banking tycoon Herbert Wigwe gains $2.1 million in five days as Access Bank shares rebound
Wigwe owns a significant 4.27-percent stake in the bank.
Nigerian telecom tycoon Mike Adenuga-linked construction firm announces $69.6-million debt facility
Adenuga owns 25.1 percent of Julius Berger through Goldstones Estates.
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.
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.