Ghanaian tech entrepreneur Jesse Ghansah’s Float secures $17 million in seed funding one year after launch
Float offers innovative solutions to the cash-flow issues that African small and medium businesses experience on a daily basis.
West & Central Africa
Ghanaian tycoon Joseph Agyepong to build 13 wastewater treatment facilities in Ghana
Jospong Group of Companies is one of Ghana’s most diversified holding companies.
Investors could have ‘cashed in big’ by purchasing shares in Abdul Samad Rabiu’s BUA Foods 12 days ago
So far this year, BUA Foods’ stock ranks as the best performing stock on the Nigerian Exchange.
Africa’s richest man Aliko Dangote gains $600 million as cement company plans to buy back $112.75 million in shares
Dangote’s wealth has increased by over $929 million since the start of the year.
Nigerian tycoon Jim Ovia gains $24.5 million in 40 days from stake in Zenith Bank
Ovia’s stake in Zenith Bank is now valued at more than $312 million.
Cameroonian entrepreneur Eunice Ajim launches $10-million fund to support African tech startups
Ajim Capital plans to write checks between $25,000 to $150,000 for at least 60 tech startups in Africa.
Cameroonian banker Alain Nkontchou spends $2.35 million to acquire shares in Ecobank Group
Nkontchou spent a total cash consideration of $2.35 million to increase his stake from 0.26 percent to 0.98 percent.
Nigerian tech entrepreneur Emmanuel Okeleji’s SeamlessHR raises $10 million to drive pan-African expansion
SeamlessHR is a Nigerian HR tech startup founded in 2018 to provide technology solutions to manage HR data and workflow.
Nigerian entrepreneur Tonye Irims’ WiSolar plans to raise $2.9 million in Q1 2022
WiSolar is a South African clean energy solutions startup founded by South Africa-based Nigerian businessman Tonye Irims in 2016.
Aliko Dangote’s cement company launches move to buy back shares worth more than $112.7 million
Dangote Cement will buy up to 170,003,074 fully paid-up ordinary shares.
Malian entrepreneur Moulaye Taboure’s Afrikrea secures $6.2 million in funding round led by Jack Ma-linked firm
Afrikrea is an e-commerce startup founded in 2016 as a marketplace for Africa-based and -inspired fashion, clothing, accessories, arts, and crafts.
Nigeria’s second-richest man Abdul Samad Rabiu gains more than $1 billion in six days from food business
Rabiu’s stake in BUA Foods is now valued at $2.795 billion.
Nigerian businessman Tony Elumelu’s Heirs Holdings set to begin work on oilfield
Heirs Holdings is a family-owned investment holding company founded by Nigerian businessman Tony Elumelu in 2010.
Led by Co-Founder Simeon Ononobi, Nigerian startup ThankUCash raises $5.3 million
ThankUCash is a multi-merchant loyalty and cashback platform.
Nigerian tech entrepreneurs Chukwudi Enyi, Moses Nmor’s Bfree raises $1.7 million in pre-seed funding
Bfree deploys strategic solutions to increase repayment rate on loans through the use of tech tools and data from credit institutions to predict customers’ risk profiles.
Nigerian banker Herbert Wigwe gains $2.3 million in two weeks
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.