Nigerian investment banker Peter Ashade’s United Capital gains $29 million in 18 days
Ashade has been at the helm of United Capital since 2018.
West & Central Africa
British-Nigerian entrepreneur Ladi Delano’s Moove secures $16.6 million to scale up UK operations
Founded by Delano and Jide Odunsi in 2020, Moove has successfully scaled to nine markets across Sub-Saharan Africa and India.
Cameroonian businessman Paul Fokam’s Afriland launches Togo investment holding
Fokam is one of Africa’s richest men.
Nigerian billionaire Abdul Samad Rabiu gains nearly $1 billion in 27 days as BUA Cement shares rebound
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Nigerian billionaire Femi Otedola’s Zenon wins $19.2-million arbitration award against Ardova
Ardova reported a $8.93-million loss for the 2021 fiscal year.
Nigerian mogul Tony Elumelu signs $1.4-million deal to empower Rwandan youths
The four-year agreement was signed through his Africa-focused non-profit, Tony Elumelu Foundation.
Billionaire Femi Otedola’s Geregu Power posts lower earnings amid power sector disruption
Geregu Power Plc is 80-percent owned by Otedola.
Nigerian gov’t orders immediate reopening of Dangote’s Obajana cement plant
Obajana Cement Company is majority owned and operated by billionaire Aliko Dangote’s cement company, Dangote Cement Plc.
Led by Nigerian banker Peter Ashade, United Capital posts $17.7 million in profit in 9M 2022
Ashade has been at the helm of United Capital since 2018.
Billionaire Abdul Samad Rabiu to build $2.3-million amphitheater building in Nigerian university
Rabiu is the chairman of BUA Group.
Nigerian billionaire Femi Otedola’s Geregu Power sheds $62 million in 24 hours
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.
Gaming tycoon Kunle Soname’s airline ValueJet begins operations in Nigeria
Soname stated: “ValueJet is hardly a stranger in the industry.”
Africa’s richest man Aliko Dangote’s group says $19-billion oil refinery is 97-percent complete
The refinery project has been long hampered by a number of factors.
Nigerian billionaires Abdul Samad Rabiu, Tony Elumelu, others, receive national honors
The men have played seminal roles in the development of Nigeria’s economy.
Nigerian billionaire Mike Adenuga’s Globacom launches payment service bank
Globacom is Nigeria’s second largest mobile telecom company.
Serena Williams’ VC firm backs Nigerian entrepreneur Preston Ideh’s Stears
Ideh said the funds will be used to broaden Stears’ product breadth.