Nigerian investor Temitope Lawani to pocket $802,000 in dividends from Vivo Energy Plc
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.
West & Central Africa
Greek multimillionaire John Coumantaros’ stake in Flour Mills of Nigeria gains $15.6 million in 158 days
The gains can be attributed to the company’s increased share price on the Nigeria Stock Exchange.
Africa’s wealthiest man Aliko Dangote partners with German association to train youths in Nigeria
The billionaire plans to replicate the youth empowerment initiative across Nigeria’s six geopolitical zones.
Tea titan Baba Danpullo’s Nexttel appoints Benoit Yaoussou as first Cameroonian CEO
The appointment follows a heated crisis inside the company.
Nigerian multimillionaire Tony Elumelu dives into insurance business
Heirs Insurance and Heirs Life Assurance are the newest subsidiaries of his holding company.
Entrepreneur Tayo Amusan’s Ketron Investment acquires Shoprite Holdings’ operations in Nigeria
Shoprite Holdings has been reviewing strategic divestment options across the continent.
Group Vice President Ebenezer Asante sees stake in MTN Ghana decline by $320,000
The losses were due to a decline in the MTN Ghana share price.
Nigerian tycoon Obafoluke Otudeko, son to earn $1.02 million in Honeywell dividends
Otudeko founded the integrated flour milling company in 1985.
Chipper Cash founders Ham Serunjogi, Maijid Moujaled raise $100 million in Series C round
The fintech startup facilitates cross-border payments across Africa.
John Coumantaros’ Flour Mills to invest $300 million to raise sugar production capacity
It will invest at least $300 million in building a new plant and a 15,000-hectare sugarcane plantation.
Ghanaian serial investor Daniel Ofori to pocket $292,000 CalBank dividend
CalBank is a leading commercial bank in Ghana.
Nigerian National Petroleum Corporation looks to acquire minority stake in Dangote refinery
According to the NNPC, discussions have already been initiated.
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
Olalekan Olude’s Jobberman partners with Nigerian Youth Service Corps to train 120,000 youth yearly
The youths will be trained in soft skills to enhance their employability.
Locals demand safer operations from Bahamas-based businessman James Longshore’s Xtra-Gold
Several communities in Ghana claim the company’s subcontractors fail to keep mining sites safe.
Nigerian gambling magnate Kessington Adebutu, daughter pocket $1.22 million in Wema Bank dividends
Adebutu is expected to earn $1.05 million, while his daughter is on course to earn $169,965.