Nigeria’s Kano State renames university after Africa’s richest man Aliko Dangote
Dangote’s net worth has risen by more than $1.88 billion this year.
West & Central Africa
Jumia gains $250.7 million in 17 days after alleged takeover bid by Nigerian tech mogul Leo Stan Ekeh
Jumia shares have skyrocketed as of late.
Cameroonian mogul Paul Fokam’s Afriland exits Uganda over lack of customers
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.
Nigerian tycoon Akanimo Udofia wins Akwa Ibom APC governorship primary
Udofia is the owner of Desicon Engineering.
Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group earns $23.2 million in profit in Q1 2022
Shah built I&M Group into East Africa’s leading commercial banking organization.
Ivorian businessman Jean-Luc Konan’s COFINA Group secures $64.2 million from DPI
Based in Abidjan, COFINA Group was founded in 2014.
Aliko Dangote suffers $157-million loss in single day as Dangote Cement stock falls
Dangote is the founder of Dangote Industries Limited, a Nigerian conglomerate with diverse interests.
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U.S.-Nigerian telecom tycoon Sam Darwish says there is room for further acquisitions in Latin America
His Lagos-based telecom company reported a profit of $16.9 million in the first quarter of 2022.
Nigerian gaming tycoon Kunle Soname ventures into aviation
Soname is a Nigerian gaming tycoon and chairman of Bet9ja.
Nigeria’s richest woman Folorunsho Alakija completes $145-million office complex
Alakija is the owner of Famfa Oil.