Aliko Dangote’s Dangote Cement buys back shares worth $84.5 million
Dangote Cement is Africa’s largest cement maker, with a production capacity of 48.6 million tonnes per year across 10 countries.
West & Central Africa
Sam Darwish’s IHS Towers to acquire tower assets in Brazil in $315-million deal
IHS Towers is a leading telecom infrastructure firm founded by U.S. tycoon Sam Darwish.
Mohammed Akoojee’s Imperial Logistics partners with UbiPharm to create Africa’s largest healthcare distribution network
Akoojee owns 0.19 percent of Imperial Logistics, a leading logistics company.
Nigerian billionaire Aliko Dangote retains position as Africa’s richest man for eleventh year in row
Forbes ranked Dangote as Africa’s richest man in its 2022 African billionaires list.
Temitope Lawani’s Helios Investment Partners announces first fund for ESG investments in Africa
Rand Merchant Bank and Standard Chartered Bank arranged and coordinated the ESG-linked capital call facility.
Africa’s richest man Aliko Dangote’s refinery to kickstart operations in Q3 2022
The plant will begin full production possibly by the end of 2022, or the beginning of 2023.
Senegalese tech entrepreneur Bamba Lo’s PAPS secures $4.5 million in funding to expand operations
Lo, a Senegalese digital entrepreneur, launched PAPS in 2016 to provide end-to-end logistics solutions for firms.
Nigerian billionaire Abdul Samad Rabiu loses $69 million from stake in BUA Foods
Rabiu owns 99.8 percent of the newly established food business segment.
Cameroonian multimillionaire banker Alain Nkontchou’s stake in Ecobank now worth $3.76 million
Nkontchou controls a beneficial 0.98-percent stake in the bank.
Nigerian mogul Abdul Samad Rabiu’s food business posts huge profit since listing
The news comes despite a slump in fortified sugar sales and a single-digit increase in its direct production costs.
South African billionaire Michiel Le Roux gains more than $141.4 million in 27 days
Le Roux founded Capitec Bank, one of South Africa’s largest retail banks, about 21 years ago.
Ghanaian tech entrepreneur Jesse Ghansah’s Float secures $17 million in seed funding one year after launch
Float offers innovative solutions to the cash-flow issues that African small and medium businesses experience on a daily basis.
Ghanaian tycoon Joseph Agyepong to build 13 wastewater treatment facilities in Ghana
Jospong Group of Companies is one of Ghana’s most diversified holding companies.
Investors could have ‘cashed in big’ by purchasing shares in Abdul Samad Rabiu’s BUA Foods 12 days ago
So far this year, BUA Foods’ stock ranks as the best performing stock on the Nigerian Exchange.
Africa’s richest man Aliko Dangote gains $600 million as cement company plans to buy back $112.75 million in shares
Dangote’s wealth has increased by over $929 million since the start of the year.
Nigerian tycoon Jim Ovia gains $24.5 million in 40 days from stake in Zenith Bank
Ovia’s stake in Zenith Bank is now valued at more than $312 million.