Nigerian tech entrepreneur, Paystack Co-Founder Shola Akinlade establishes football club in Lagos
Sporting Lagos Football Club is an attempt to nurture the next generation of Nigerian sporting talent.
West & Central Africa
Oil production ship linked to Nigerian energy magnate Ambrosie Bryant Orjiako explodes
The energy firm stated that there were no reported fatalities at the time of writing.
Nigerian billionaire Mike Adenuga’s Globacom signs network extension agreement with Ceragon Networks
Glo is the second-largest telecom services operator in Nigeria, with a 28.09-percent market share.
Energy lawyer NJ Ayuk’s Centurion Int’l becomes first Africa-focused services firm to list in Germany
Ayuk, a Cameroonian lawyer and leading authority in the African energy sector, founded Centurion in 2007.
Nigerian tech entrepreneur Yele Bademosi’s Nestcoin raises $6.45 million from investors to deepen cryptocurrency, Web3 adoption
Nestcoin was created to capitalize on the growth opportunities embedded in Web3 development in Africa.
Nigerian businessman Victor Osibodu gets dragged to court over alleged $19-million debt owed to Ecobank
The debt is related to credit facilities provided by Ecobank to his energy company, Vigeo Holdings.
Nassef Sawiris, Egypt’s richest man, loses $230 million in first month of 2022
Sawiris is the eighth-richest billionaire in Africa and Egypt’s richest man with a fortune worth more than $6.27 billion.
Led by Richmond Bassey, Nigerian brokerage app Bamboo raises $15 million to drive pan-African expansion
Bamboo is a digital investment platform that gives users real-time access to over 3,000 New York Stock Exchange-listed stocks.
Aliko Dangote’s auto company, Dangote Peugeot Auto, has begun Peugeot assembly in Nigeria
Dangote Peugeot Automobiles Nigeria Limited is owned by Dangote, the governments of Kaduna and Kebbi, and Stellantis Group.
Nigerian banking tycoon Tony Elumelu eyes new investments in Caribbean markets
Elumelu is the founder of one of Nigeria’s largest financial services groups, United Bank for Africa.
Ghanaian tycoon Daniel McKorley’s McDan Group opens private jet terminal in Accra
McKorley’s McDan Group is a transportation and logistics company with interests in shipping, logistics, and aviation.
Led by Karl Toriola, MTN Nigeria reports profits of $718.5 million in 2021, 45-percent increase over previous year
During the year, its service revenue increased by 23.3 percent, from $3.22 billion in 2020 to $3.97 billion.
Greek tycoon John Coumantaros’ Flour Mills of Nigeria reports $41 million in profits in 9M 2022
Flour Mills of Nigeria reported a single-digit increase in profit in the first nine months of its 2022 fiscal year.
Indian tycoon Sunil Bharti Mittal’s Airtel Africa becomes ‘most-capitalized’ on NGX
Airtel Africa is a leading provider of telecom and mobile money services in East, Central and West Africa.
Egyptian billionaire Naguib Sawiris’ Orascom Investment sells stake in TWA in $35-million deal
TWA is a JV between Orascom, Orastar and Omar Abdul Mone’m Yousuf Al Zawawi of the Sultanate of Oman.
Nigerian billionaire Abdulsamad Rabiu’s BUA Cement commissions 3 million metric tonnes
BUA Cement’s market capitalization is $5.7 billion, making it the fourth most capitalized company on the Nigerian Exchange.