Paga could reach $1-billion valuation within ‘next year or two’: CEO Tayo Oviosu
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
West & Central Africa
Guy Roger Ngatcha-led Panafrican Energy Services Group secures major oil deal in Cote d’Ivoire
Earlier, the company made history as Tanzania’s first natural gas producer.
CEO Alan Pullinger’s stake in FirstRand gains $650,000 amid high investor expectations
The bank’s earnings are expected to rise by at least 35 percent in the year through June.
Gambian real estate mogul Mustapha Njie looks to create 25 million jobs in Africa
Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.
Africa’s wealthiest man Aliko Dangote gains $300 million as shares in Dangote Cement rise
The share price increased from $0.51 (N212.00) on June 1 to $0.54 (N221.50) at close of market today.
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.
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.