Aliko Dangote earns $1.6 billion as Dangote Cement shares surge to 39-month high
Shares in the leading cement manufacturer have been on the rise since June 1.
West & Central Africa
Stake of Nigerian multimillionaire banker Jim Ovia in Zenith gains $35.14 million in 80 days
The leading tier-1 Nigerian bank, a top-500 bank globally, posted resilient results in Q1 2021.
Ghanaian mogul Daniel Ofori earns $834,020 in dividends from stake in Ghana Commercial Bank
Ghana Commercial Bank is one of the largest banks in Ghana in terms of total operating assets.
Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.
Ghanaian tycoon Papa Kwesi Nduom wins $29.36-million court case against Health Network Company
To the disbelief of the court, Health Network offered offered the companies a failed ₵2-million ($334,947) cheque.
Stake of Ghanaian serial investor Patrick Kingsley-Nyinah in Ghana Oil Company now worth $4.48 million
GOIL is a state-owned oil and gas marketing company and Ghana’s only indigenous petroleum marketing firm.
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.
Congolese billionaire Paul Obambi to start $1-billion railway project in Congo Brazzaville
The project will link the southwestern town of Mayoko to a seaport at Pointe-Noire.
Aliko Dangote receives five road contracts as tax credit from Nigeria
The contracts fall under the state’s road infrastructure tax credit policy.
Nigerian oil and gas magnate Austin Avuru earns $53.74 million from 94-percent surge in Seplat shares
The surge can be linked to bullish sentiment spiked by a resurgence in global demand for crude oil.
Indian angel investor, Unbound Founder Shravin Mittal loses $101.78 million in 76 days in Airtel Africa
The loss occurred as investors repriced shares after new SIM registration regulations were introduced in Nigeria.
Nigerian gambling magnate Kessington Adebutu earns $6.59 million in 23 days from stake in Wema Bank
Shares in the bank have surged by 45 percent since June 21, as bargain hunters continue to acquire stakes in the bank.
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa
Honorary Consul of Guinea in California Jordan Garcia on why more U.S. firms must expand to Africa.
Court threatens controversial Nigerian politician Stella Oduah in alleged $46.28-million fraud case
Oduah was brought to court by Nigeria’s Economic and Financial Crimes Commission.
Philanthropist and banker Tony Elumelu launches Aura hospitality app on Nigerian market
The launch took place in Abuja on July 8 with national dignitaries in attendance.
Israeli mining mogul Dan Gertler loses prized oil blocks in Democratic Republic of Congo
The DRC Hydrocarbons Ministry made the announcement.