Stake of Ghanaian serial investor Patrick Kingsley-Nyinah in Ghana Oil Company now worth $4.48 million
GOIL is a state-owned oil and gas marketing company and Ghana’s only indigenous petroleum marketing firm.
West & Central Africa
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.
Congolese billionaire Paul Obambi to start $1-billion railway project in Congo Brazzaville
The project will link the southwestern town of Mayoko to a seaport at Pointe-Noire.
Aliko Dangote receives five road contracts as tax credit from Nigeria
The contracts fall under the state’s road infrastructure tax credit policy.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.
Indian angel investor, Unbound Founder Shravin Mittal loses $101.78 million in 76 days in Airtel Africa
The loss occurred as investors repriced shares after new SIM registration regulations were introduced in Nigeria.
Nigerian gambling magnate Kessington Adebutu earns $6.59 million in 23 days from stake in Wema Bank
Shares in the bank have surged by 45 percent since June 21, as bargain hunters continue to acquire stakes in the bank.
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
Court threatens controversial Nigerian politician Stella Oduah in alleged $46.28-million fraud case
Oduah was brought to court by Nigeria’s Economic and Financial Crimes Commission.
Philanthropist and banker Tony Elumelu launches Aura hospitality app on Nigerian market
The launch took place in Abuja on July 8 with national dignitaries in attendance.
Israeli mining mogul Dan Gertler loses prized oil blocks in Democratic Republic of Congo
The DRC Hydrocarbons Ministry made the announcement.
Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
Nigerian billionaire Abdul Samad Rabiu to earn $157.02 million in dividends from BUA Cement
The Nigerian cement tiger has a market capitalization of $5.85 billion on the Nigerian Stock Exchange.
Abdul Samad Rabiu’s BUA Cement declares $170-million dividend payout for shareholders
BUA Cement is Nigeria’s second-largest cement producer and one of Africa’s biggest cement companies.
AfDB teams up with Nigerian banking mogul Subomi Balogun to support women-led businesses
The AfDB is allotting 30 percent of the funds to women-empowered businesses in Nigeria.
Shares of Herbert Wigwe’s Access Bank are up by $82 million following South Africa unit launch
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.