Led by Nigerian banker Segun Agbaje, GTCO acquires Investment One Funds Management
The transaction was completed eight months after the group transitioned into a holding structure.
West & Central Africa
Cameroonian banker Alain Nkontchou gains over $1.5 million from stake in pan-African banking group, Ecobank
Nkontchou, who is the chairman of the Togo-based financial services company, holds 0.98 percent of Ecobank.
Nigerian businessman Tony Elumelu’s oil firm submits offer to acquire Shell’s JV assets in Nigeria
With the recent bid, the Elumelu-backed oil firm is set to compete with key players in Nigeria’s oil and gas industry.
Led by Nigerian investor Iyinoluwa Aboyeji, Future Africa’s assets reach $30 million
According to Aboyeji, financial services remains its top sector, accounting for 55.7 percent of the fund’s investments.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa reports $514 million in profit in 9M 2021
In comparison to the previous year’s figures, the telecom company’s profit increased by 97.3 percent.
Nigerian tech entrepreneur, Paystack Co-Founder Shola Akinlade establishes football club in Lagos
Sporting Lagos Football Club is an attempt to nurture the next generation of Nigerian sporting talent.
Oil production ship linked to Nigerian energy magnate Ambrosie Bryant Orjiako explodes
The energy firm stated that there were no reported fatalities at the time of writing.
Nigerian billionaire Mike Adenuga’s Globacom signs network extension agreement with Ceragon Networks
Glo is the second-largest telecom services operator in Nigeria, with a 28.09-percent market share.
Energy lawyer NJ Ayuk’s Centurion Int’l becomes first Africa-focused services firm to list in Germany
Ayuk, a Cameroonian lawyer and leading authority in the African energy sector, founded Centurion in 2007.
Nigerian tech entrepreneur Yele Bademosi’s Nestcoin raises $6.45 million from investors to deepen cryptocurrency, Web3 adoption
Nestcoin was created to capitalize on the growth opportunities embedded in Web3 development in Africa.
Nigerian businessman Victor Osibodu gets dragged to court over alleged $19-million debt owed to Ecobank
The debt is related to credit facilities provided by Ecobank to his energy company, Vigeo Holdings.
Nassef Sawiris, Egypt’s richest man, loses $230 million in first month of 2022
Sawiris is the eighth-richest billionaire in Africa and Egypt’s richest man with a fortune worth more than $6.27 billion.
Led by Richmond Bassey, Nigerian brokerage app Bamboo raises $15 million to drive pan-African expansion
Bamboo is a digital investment platform that gives users real-time access to over 3,000 New York Stock Exchange-listed stocks.
Aliko Dangote’s auto company, Dangote Peugeot Auto, has begun Peugeot assembly in Nigeria
Dangote Peugeot Automobiles Nigeria Limited is owned by Dangote, the governments of Kaduna and Kebbi, and Stellantis Group.
Nigerian banking tycoon Tony Elumelu eyes new investments in Caribbean markets
Elumelu is the founder of one of Nigeria’s largest financial services groups, United Bank for Africa.
Ghanaian tycoon Daniel McKorley’s McDan Group opens private jet terminal in Accra
McKorley’s McDan Group is a transportation and logistics company with interests in shipping, logistics, and aviation.