Nigerian billionaire Femi Otedola loses $2.9 million in four days as First Bank shares fall
FBN Holdings is one of the largest financial services organizations in Africa.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu secures $200 million from AFC to complete multimillion-dollar sugar project
The development significantly boosts Nigeria’s quest to ensure self-sufficiency in sugar production.
Ghanaian logistics tycoon Daniel McKorley signs $810,000 sponsorship deal with football club
The deal will see the club pocket up to $270,000 per year for the duration of the contract.
Equinix to acquire startup founder Funke Opeke’s MainOne for $320 million
MainOne is West Africa’s leading communications services and network solutions provider.
Ade Ayeyemi-led Ecobank posts strong earnings as profit soars nearly tenfold above $256 million
Ecobank is the leading independent regional banking group in West and Central Africa.
Nigerian billionaire Tony Elumelu loses more than $4 million in 36 days
UBA is a leading Nigerian financial group with operations in 20 African countries, as well as the UK, United States and France.
Led by Ivorian banker Tiemoko Yade Coulibaly, Societe Generale Cote d’Ivoire loses $42.6 million in three days
Societe Generale Cote d’Ivoire SA is an Ivory Coast-based bank offering financial products and services.
Indian billionaire Sunil Bharti Mittal buys back minority shares in unlisted Nigerian subsidiary
Airtel Nigeria is the most profitable subsidiary of Airtel Africa, a leading telecom and mobile money services provider in Africa.
South African businessman Sisa Ngebulana’s Rebosis declares no dividend for third consecutive year
Rebosis Property Fund is a Black-owned real estate investment trust in South Africa.
Led by wealthy Billon family of Ivory Coast, Palmci gains $37.1 million in two months
Palmci SA is an Ivory-Coast-based company cultivating, processing and marketing crude palm oil in West Africa.
Karl Toriola-led MTN Nigeria launches $206-million public offering aimed at local retail investors
MTN Nigeria is one of Africa’s largest telecom services providers, connecting 68 million people across Nigeria.
Burkinabe banking tycoon Idrissa Nassa’s Coris Bank Int’l loses $19.3 million in 36 days
Founded by Burkinabe tycoon Idrissa Nassa, CBI is a leading banking group in Francophone Africa.
Led by Senegalese businessman Alioune Ndiaye, Sonatel loses $68.4 million in value in November 2021
Sonatel is a leading subregional telecom services provider in Africa and a subsidiary of Orange.
Nigerian businessman Dahiru Mangal sells stake in Oando Plc in $24.1-million deal
Oando Plc is a Nigeria-based integrated energy solutions provider with diversified operations.
As shares rise ten-fold, Eric Thiam Sabate-led Ivorian Tobacco Company returns $152.6 million in gains
Societe Ivoirienne des Tabacs is known for popular Ivorian cigarette brands like Fine, Gauloises Blondes and Excellence.
John Gachora-led NCBA Group reports 159-percent surge in earnings in 9M 2021
Gahora holds a total of 381,755 ordinary shares in the Kenyan financial services provider.