Nigerian-American telecom tycoon Sam Darwish moves to list IHS Towers on NYSE
IHS called off an initial plan to list on the U.S. exchange in 2018.
West & Central Africa
LeapFrog Investments acquires 16.94-percent stake in Edward Effah’s Fidelity Bank Ghana
The company acquired the stake from Amethis and Edmond de Rothschild Equity Strategies.
Nigerian billionaire Aliko Dangote says Nigeria could save $700 million annually from sugar master plan
Dangote said: “If the national sugar master plan is followed … the country will be better for it.”
Nigerian cement tycoon Abdulsamad Rabiu signs power plant deal with Finland’s Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company that manufactures and services power sources and other equipment.
Five African billionaires receive dividends over $39 million in 2021
African billionaires have had yet another opportunity to smile at their bank accounts this year.
Ten female dollar millionaires worth knowing in Ghana
Women are fighting the general trend in Ghana, with some now ranking among its biggest dollar millionaires.
The 10 largest charitable gifts made by African billionaires in the past decade
The year 2020 was record-breaking for African philanthropy.
Mining mogul Neal Froneman moves to invest $490 million for 50-percent stake of ioneer Limited lithium mine
ioneer’s project in Nevada is the largest known lithium and boron deposit in North America.
Ghanaian businessman Joseph Agyepong loses $224,000 as Access Bank Ghana stock loses one-fifth of its value in 2021
Access Bank Ghana is a full-service commercial bank in Ghana, licensed by the Bank of Ghana.
Ten family offices owned by Africa’s wealthiest people
The UHNWI population in Africa is growing at a faster pace than any other region in the world – except Asia.
The private jets of 10 African billionaires
Owning one’s own private jet is such a costly affair that most tycoons can barely afford the luxury.
Dangote Industries denies it is in talks with traders to secure loan for mega-refinery
Anonymous sources claim that the company is potentially looking to raise $500 million from traders.
Gambling tycoon Kessington Adebutu signs sponsorship deal with Nigeria Football Federation
The deal makes the betting company the official sponsor of the country’s national football teams.
Nigerian banking tycoon Tony Elumelu to earn $1.16 million in interim dividends from UBA
The dividend will be paid from the bank’s profit for the first half of 2021.
Rights group urges Nigeria to pay businessman Ned Nwoko, others $418 million for debt assistance
The consultants facilitated refunds to Nigeria from the Paris and London clubs.
Tony Elumelu’s UBA posts $147.3-million mid-year profit, 36-percent higher than last year
The double-digit growth in profits can be attributed to UBA’s higher interest and non-interest income.