Ghanaian businessman Joseph Agyepong loses $224,000 as Access Bank Ghana stock loses one-fifth of its value in 2021
Access Bank Ghana is a full-service commercial bank in Ghana, licensed by the Bank of Ghana.
West & Central Africa
Ten family offices owned by Africa’s wealthiest people
The UHNWI population in Africa is growing at a faster pace than any other region in the world – except Asia.
The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.
Dangote Industries denies it is in talks with traders to secure loan for mega-refinery
Anonymous sources claim that the company is potentially looking to raise $500 million from traders.
Gambling tycoon Kessington Adebutu signs sponsorship deal with Nigeria Football Federation
The deal makes the betting company the official sponsor of the country’s national football teams.
Nigerian banking tycoon Tony Elumelu to earn $1.16 million in interim dividends from UBA
The dividend will be paid from the bank’s profit for the first half of 2021.
Rights group urges Nigeria to pay businessman Ned Nwoko, others $418 million for debt assistance
The consultants facilitated refunds to Nigeria from the Paris and London clubs.
Tony Elumelu’s UBA posts $147.3-million mid-year profit, 36-percent higher than last year
The double-digit growth in profits can be attributed to UBA’s higher interest and non-interest income.
Segun Agbaje-led Guaranty Trust Holding reports 15.8-percent decline in mid-year profit
Guaranty Trust’s profit for the period fell to $194.0 million in the half-year period ending June 30.
Ernest Ndukwe-led MTN Nigeria renews Nigerian license for next 10 years
The company is Nigeria’s largest telecom operator.
Drew Durbin’s Wave becomes Africa’s latest tech unicorn after $200-million Series-A funding round
The investment is the largest-ever Series-A funding round raised by an Africa-based startup.
Ghanian mining tycoon Daniel McKorley offers women-led businesses interest-free loans
The loans were presented to more than 1,000 women-led businesses in the Greater Accra Region.
Nigerian banking tycoon Herbert Wigwe to pocket $1.1-million interim dividends from Access Bank
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
Herbert Wigwe’s Access Bank posts $211.1-million mid-year profit on back of robust balance sheet
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
Aviation tycoon Allen Onyema signs sponsorship deal with Nigerian Football Federation
The deal makes his Air Peace the official airline carrier of the country’s national football teams.
Nigerian banking tycoon Jim Ovia to pocket $3.7-million interim dividend from Zenith Bank
The dividend will be paid from the bank’s $257.8 million in profits earned in the first half of 2021.