Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
West & Central Africa
John Coumanataros to earn $10.43 million in dividends as Flour Mills of Nigeria announces dividend payout
The food and agro-allied group revealed that it will pay a final dividend of $0.0040 per share.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
Meet Dr. Michael K. Obeng, the Ghanaian plastic surgeon to Hollywood, royalty and supermodels
Ghanaian-born, Harvard-trained Dr. Michael K. Obeng is one of the most sought-after cosmetic experts in the United States.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Mike Adenuga’s Conoil posts $2.58-million mid-year profit; earnings surge by 213 percent
Its revenue expanded from $139.63 million to $164.27 million.
Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.
Tony Elumelu’s Transcorp suffers $8.9-million loss in four days as shares tumble from high
The loss came off the back of a sell-off in the company’s shares.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Babs Ogundeyi’s Kuda Bank raises $55-million Series B, now valued at $500 million
Kuda Bank is a London-based, Nigeria-operating fintech company.
Aliko Dangote’s cement company posts $476.3-million mid-year profit as sales surge
The profit represents a 51.9-percent growth when compared with last year’s figures.