Stephane Bancel’s Moderna to invest $500 million to build factory in Africa
The factory will produce about 500 million doses of mRNA vaccines annually on the continent.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu donates $2.4 million to Nnamdi Azikiwe University
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Ghanaian businesswoman Roberta Annan launches $115.8-million fund to invest in African fashion enterprises
Annan is the founder of the African Fashion Foundation Annan Capital Partners.
Nigerian billionaire Benedict Peters’ Aiteo Group sues Shell over sale of OML-29 operating license
Aiteo Group has sued Shell for more than $2.5 billion over the ownership status of the OML-29 block.
Obafoluke Otudeko wins twice on Nigerian Exchange as stake in First Bank gains $3.2 million in 10 days
The multimillion-dollar gain in Otudeko’s stake can be linked to price movements in the lender’s shares.
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport
French officials arrested him at Le Bourget Airport in Paris carrying a large amount of undeclared cash.
Nigerian Export Promotion Council teams up with Tony Elumelu to support local entrepreneurs
Their joint initiative will aim to support small and medium enterprises in the non-oil sector in Nigeria.
Nigerian oil billionaire Mohammed Indimi acquires additional shares in Jaiz Bank for $8 million
Indimi is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration firm.
Telecom tycoon Sam Darwish’s IHS Towers begins IPO on NYSE
The company and its shareholders will split the 22.5 million ordinary shares to be listed in the IPO.
Ghana’s richest investor Daniel Ofori earns $2.4 million in 29 days as shares in Societe Generale Ghana surge
Shares in Societe Generale Ghana have surged to their highest level in three years.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to buy out minority investors in Nigerian subsidiary in $148-million deal
The company has initiated a process to buy back the 8.27-percent minority stake at an offering price of $0.1358 per share.
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.
Venture capitalist Kola Aina appointed chairman of Lagos Angel Network
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
Investors could have seen 228-percent gain by buying stake in Obafoluke Otudeko’s Honeywell Flour Mills
The Nigeria-based flour-milling business has proved to be a top performer on the Nigerian Exchange.
Aliko Dangote sees net worth rise $571 million in one day after 6.53-percent surge in Dangote Cement
The half-billion-dollar gain can be attributed to sustained investor buying interest.