Nigerian oil billionaire Mohammed Indimi acquires additional shares in Jaiz Bank for $8 million
Indimi is the chairman of Oriental Energy Resources, a privately held Nigerian oil exploration firm.
West & Central Africa
Telecom tycoon Sam Darwish’s IHS Towers begins IPO on NYSE
The company and its shareholders will split the 22.5 million ordinary shares to be listed in the IPO.
Ghana’s richest investor Daniel Ofori earns $2.4 million in 29 days as shares in Societe Generale Ghana surge
Shares in Societe Generale Ghana have surged to their highest level in three years.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa to buy out minority investors in Nigerian subsidiary in $148-million deal
The company has initiated a process to buy back the 8.27-percent minority stake at an offering price of $0.1358 per share.
Runa Alam’s DPI sells 31-percent stake in Food Concepts to African Capital Alliance
Food Concepts operates some of the most loved brands in Africa, like Chicken Republic, PieXpress and Chop Box.
Venture capitalist Kola Aina appointed chairman of Lagos Angel Network
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
Investors could have seen 228-percent gain by buying stake in Obafoluke Otudeko’s Honeywell Flour Mills
The Nigeria-based flour-milling business has proved to be a top performer on the Nigerian Exchange.
Aliko Dangote sees net worth rise $571 million in one day after 6.53-percent surge in Dangote Cement
The half-billion-dollar gain can be attributed to sustained investor buying interest.
Technopreneur Jeremy Johnson’s Andela attains unicorn status with new $200-million Series-E round
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
Nigerian politician Abubakar Sani Bello secures $86.64 million from IsDB to develop infrastructure projects
The funds will be used for constructing and upgrading the Minna-Bida Road in Niger State, Nigeria.
Oil mogul Mike Adenuga earns $7.6 million as investors react to 213-percent increase in Conoil’s half-year profits
As of Sept. 24, shares in the company were trading at a record three-year high of $0.0596 per share.
Steve Curtis-led Caledonia Mining acquires Maligreen project in Zimbabwe for $4 million
Maligreen is a brownfield exploration opportunity with significant historical exploration and evaluation work.
Nasir el-Rufai blames Nigerian government for Aliko Dangote reneging on dairy cattle project: ICIR
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.
Edo State Governor Godwin Obaseki signs MoU to develop Shoprite-anchored mall in Benin City
The project to construct the mall in the state capital comes after 12 years of failed attempts.
Ivorian tycoon Jean Kacou Diagou buys four insurance firms from billionaire Patrice Motsepe
The deal is still subject to the validation of the supervisory authorities.