Cameroonian entrepreneur Eunice Ajim launches $10-million fund to support African tech startups
Ajim Capital plans to write checks between $25,000 to $150,000 for at least 60 tech startups in Africa.
West & Central Africa
Cameroonian banker Alain Nkontchou spends $2.35 million to acquire shares in Ecobank Group
Nkontchou spent a total cash consideration of $2.35 million to increase his stake from 0.26 percent to 0.98 percent.
Nigerian tech entrepreneur Emmanuel Okeleji’s SeamlessHR raises $10 million to drive pan-African expansion
SeamlessHR is a Nigerian HR tech startup founded in 2018 to provide technology solutions to manage HR data and workflow.
Nigerian entrepreneur Tonye Irims’ WiSolar plans to raise $2.9 million in Q1 2022
WiSolar is a South African clean energy solutions startup founded by South Africa-based Nigerian businessman Tonye Irims in 2016.
Aliko Dangote’s cement company launches move to buy back shares worth more than $112.7 million
Dangote Cement will buy up to 170,003,074 fully paid-up ordinary shares.
Malian entrepreneur Moulaye Taboure’s Afrikrea secures $6.2 million in funding round led by Jack Ma-linked firm
Afrikrea is an e-commerce startup founded in 2016 as a marketplace for Africa-based and -inspired fashion, clothing, accessories, arts, and crafts.
Nigeria’s second-richest man Abdul Samad Rabiu gains more than $1 billion in six days from food business
Rabiu’s stake in BUA Foods is now valued at $2.795 billion.
Nigerian businessman Tony Elumelu’s Heirs Holdings set to begin work on oilfield
Heirs Holdings is a family-owned investment holding company founded by Nigerian businessman Tony Elumelu in 2010.
Led by Co-Founder Simeon Ononobi, Nigerian startup ThankUCash raises $5.3 million
ThankUCash is a multi-merchant loyalty and cashback platform.
Nigerian tech entrepreneurs Chukwudi Enyi, Moses Nmor’s Bfree raises $1.7 million in pre-seed funding
Bfree deploys strategic solutions to increase repayment rate on loans through the use of tech tools and data from credit institutions to predict customers’ risk profiles.
Nigerian banker Herbert Wigwe gains $2.3 million in two weeks
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.
Indian tycoon Sunil Bharti Mittal’s Airtel Africa reaches all-time high as capitalization soars above $9.5 billion
Airtel Africa is a leading telecom and mobile money services provider with a presence in 14 countries in Africa.
Ghanaian tech entrepreneur Gregory Rockson’s mPharma secures $35 million in Series-D funding
mPharma manages inventory for mom-and-pop pharmacies across Africa.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods completes listing, market cap soars above $1.88 billion
More than 1 billion shares in BUA Foods were exchanged by investors by midday on the Nigerian bourse.
Led by Sultan Ahmed bin Sulayem, DP World to build $1.1-billion deep-water port in Senegal
Founded in September 2005, DP World is a state-owned port operator based in Dubai.