Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.
West & Central Africa
Malagasy mogul Hassanein Hiridjee’s Axion embarks on solar plant mega-expansion project
The move will see Axion boost the plant’s capacity to 40 MWp.
Aliko Dangote Foundation disburses $10.2-million grant to empower women in Nigeria
The disbursement is part of the foundation’s one-off unconditional micro-grant program.
South African billionaire Koos Bekker’s net worth declines by $100 million as investors react to Prosus share purchase plans
Bekker is the chairman of Naspers.
French businessman Stephane Richard’s Orange moves to clinch Burkinabe market share with fiber optic launch
The French multinational has recently opened its doors in Ouagadougou.
Moroccan outsourcing mogul Karim Bernoussi forecasts $600 million in revenue for 2021
The company is one of France’s top-5 customer service outsourcers.
Cameroonian banker Jean Paulin Fokam receives state award from president of Guinea
Fokam received the Commander of the National Order of Merit award from Guinean President Alpha Conde.
Nigerian banker Herbert Wigwe’s stake in Access Bank gains $4.05 million in 43 days
An uptick in the bank’s share price steered the increase in his stake’s market value.
Australian billionaire Andrew Forrest moves to develop world’s largest hydropower project in Congo
Forrest has held talks with the DRC to acquire the exclusive rights to develop the Grand Inga Dam.
Nigerian economy could see serious boost from NNPC stake in Dangote Oil Refinery
The country could earn $11 billion per annum from the project.
Group Vice President Ebenezer Asante sees stake in MTN Ghana rise by $330,000
The gains were triggered by a surge in the company’s shares on the Ghana Stock Exchange amid renewed investor interest.
Shipping mogul Victor Odili to earn $11.5 million in dividends from MTN Nigeria
Odili holds a 3.96-percent stake in the company.
Paga could reach $1-billion valuation within ‘next year or two’: CEO Tayo Oviosu
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
Guy Roger Ngatcha-led Panafrican Energy Services Group secures major oil deal in Cote d’Ivoire
Earlier, the company made history as Tanzania’s first natural gas producer.
CEO Alan Pullinger’s stake in FirstRand gains $650,000 amid high investor expectations
The bank’s earnings are expected to rise by at least 35 percent in the year through June.
Gambian real estate mogul Mustapha Njie looks to create 25 million jobs in Africa
Njie founded his company, TAF Africa Global, in 1990 to develop real estate in Africa.