Technopreneur Jeremy Johnson’s Andela attains unicorn status with new $200-million Series-E round
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
West & Central Africa
Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
Nigerian politician Abubakar Sani Bello secures $86.64 million from IsDB to develop infrastructure projects
The funds will be used for constructing and upgrading the Minna-Bida Road in Niger State, Nigeria.
Oil mogul Mike Adenuga earns $7.6 million as investors react to 213-percent increase in Conoil’s half-year profits
As of Sept. 24, shares in the company were trading at a record three-year high of $0.0596 per share.
Steve Curtis-led Caledonia Mining acquires Maligreen project in Zimbabwe for $4 million
Maligreen is a brownfield exploration opportunity with significant historical exploration and evaluation work.
Nasir el-Rufai blames Nigerian government for Aliko Dangote reneging on dairy cattle project: ICIR
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Ivorian tycoon Jean Kacou Diagou buys four insurance firms from billionaire Patrice Motsepe
The deal is still subject to the validation of the supervisory authorities.
Nigerian-American telecom tycoon Sam Darwish moves to list IHS Towers on NYSE
IHS called off an initial plan to list on the U.S. exchange in 2018.
LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Nigerian billionaire Aliko Dangote says Nigeria could save $700 million annually from sugar master plan
Dangote said: “If the national sugar master plan is followed … the country will be better for it.”
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.
Five African billionaires receive dividends over $39 million in 2021
African billionaires have had yet another opportunity to smile at their bank accounts this year.
Ten female dollar millionaires worth knowing in Ghana
Women are fighting the general trend in Ghana, with some now ranking among its biggest dollar millionaires.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Mining mogul Neal Froneman moves to invest $490 million for 50-percent stake of ioneer Limited lithium mine
ioneer’s project in Nevada is the largest known lithium and boron deposit in North America.