Nigerian MMA fighter Israel Adesanya earns $1.8 million from Sunday’s UFC 276
Adesanya is expected to headline another UFC main event in the fourth quarter of 2022.
West & Central Africa
Meet Ghanaian Nadia Abdul Aziz, who owns $16-million stake in Asante Gold
Aziz owns a significant 4.13-percent stake in the company.
Benin seizes assets of exiled chicken tycoon Sebastien Ajavon over alleged tax fraud
Ajavon is the founder of Cajaf-Comon, Benin’s largest supplier of frozen chicken.
Burkinabe tycoon Mahamadou Bonkoungou’s IB Bank plans to crash interest rates in Togo
Bonkoungou acquired IB Bank in Togo last December.
Africa’s richest man Aliko Dangote gains $100 million in June
The $100-million increase in his net worth in June follows a $300-million decline in May.
Ghanaian tycoon Daniel McKorley’s McDan Group to donate land to students for soya bean cultivation
McKorley is a well-known businessman and the founder and CEO of the McDan Group.
Cameroonian tycoon Samuel Foyou prepares to launch brewing company
Foyou’s Brasaf will officially launch its first beer containing 75 percent malt and 25 percent corn on June 30.
Nigerian billionaire Abdul Samad Rabiu loses $500 million in less than 30 days
Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.
Zimbabwean billionaire Strive Masiyiwa loses $2.5 billion amid stock market sell-off
The slump in his net worth can be attributed to a plunge in the shares of his publicly traded companies.
Prosus N.V., led by South African billionaire Koos Bekker, sells $3.67-billion stake in JD.com
Prosus N.V. has grown into a leading global consumer Internet group.
Nigerian oil tycoon Adewale Tinubu’s Oando suffers $320 million in losses in 2020
Tinubu stated that 2020 was one of the most challenging years in the firm’s history.
Africa’s richest man Aliko Dangote to raise $723 million to finance $19-billion refinery plant in Lagos
The refinery’s pipeline infrastructure will process 540,000 barrels of Nigerian crude per day in the first phase of operation.
Nigerian tech tycoon Leo Stan Ekeh’s foundation plans to create 10,000 jobs
Ekeh is the founder of Zinox Group.
Cameroonian media mogul Jean-Pierre Amougou Belinga’s Anecdote Group pays $3.2 million to tax authority
Belinga also runs Pura, a mineral water company, and Vision 4, a Cameroonian TV channel.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank signs $526.8-million trade finance line with Afreximbank
The financial services group’s capital has grown since its founding from $3 million to $9 billion.
Tayo Amusan’s Ketron Investment receives $8.4 million from Nigeria’s Bank of Industry
Ketron is a wholly-owned subsidiary of Persianas Limited.