U.S. digital infrastructure firm Equinix completes acquisition of Funke Opeke’s MainOne in $320-million deal
it is the latest in a series of strategic acquisitions for the world’s digital infrastructure firm.
West & Central Africa
UPS partners with French businessman Jeremy Hodara’s Jumia Technologies to expand logistics services in Africa
UPS customers will be able to pick up or drop off packages for global shipping at Jumia locations in Africa.
Forty-year-old Nigerian-born businessman Tope Awotona becomes billionaire
His $1.4-billion stake in Calendly makes him the world’s eighteenth Black billionaire.
Nigerian serial founder Sim Shagaya’s Konga signs deal with Airtel to expand digital retail in Nigeria
Konga was founded in 2012 by Shagaya, a 45-year-old Nigerian technopreneur and serial investor.
Nigerian gambling magnate Kessington Adebutu, daughter to pocket $2.4 million in Wema Bank dividends
Kessington Adebutu is the founder and CEO of Premier Lotto Limited, Nigeria’s oldest and largest gaming company.
Africa’s richest man Aliko Dangote gains $915 million in Q1 2022
Dangote’s net worth surpassed the $20-billion valuation in the first three months of 2021.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l opens office in Bissau
CBI’s market capitalization is now $540 million.
Nigerian billionaire Abdul Samad Rabiu to pocket $208 million in dividends
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts all-time record profit in 2021
BUA Cement operates with a combined installed capacity of 8 million tonnes per annum.
Local contractors accuse Nigerian billionaire Mike Adenuga’s Conoil of failing to pay debts
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
Herbert Wigwe’s Access Bank completes transformation into Access Holdings
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Cameroonian entrepreneur Jean Lobe Lobe’s health startup Waspito raises $2.7-million seed funding round
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem.
MainOne, led by Funke Opeke, sets up fiber infrastructure in Nigeria’s first private free zone
The move comes nearly four months after Equinix, a digital infrastructure company led by U.S. businessman Charles Meyers, acquired MainOne.
Burkinabe tycoon Mahamadou Bonkoungou opens new showroom in Burkina Faso
Bonkoungou Distribution operates as a subsidiary of EBOMAF Group, a construction group founded in 1989.
AMCON receives court orders to takeover assets of Nigerian businessman Babatunde Folawiyo
Folawiyo has a beneficial one-percent stake in MTN Nigeria, the most profitable subsidiary of MTN Group.
Ghanaian mogul Samuel Jonah’s Helios Towers acquires 723 tower sites in Malawi from Airtel Africa
The deal is valued at $55 million.