West & Central Africa
Aliko Dangote’s sugar firm raises $28.8 million via commercial paper
Despite challenges, Dangote Sugar aims to leverage the funds raised from the Notes to meet its operational and growth objectives.
Wema Bank backed by Kessington Adebutu secures approval to raise $26.3 million
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the bank’s $26.3 million rights issue.
Nigerian banker Segun Agbaje-led GTCO eyes July for $329-million capital raise
The capital raise, aimed at generating N500 billion ($329.5 million) through the issuance of ordinary shares, underscores GTCO’s strategy to bolster its technological infrastructure
Nigerian businessman Arthur Eze recovers stolen assets worth millions of dollars
The EFCC upheld the forfeiture of 20 properties, 10 vehicles, and luxury watches to Eze, dismissing appeals by his brothers.
Nigeria’s richest banker Jim Ovia gains $16.8 million from Zenith Bank stake
The uptick comes after a previous decline, during which his stake in Zenith Bank fell by $13.3 million between April 25 and May 2
Elon Musk’s Starlink reaches 100th country milestone with Sierra Leone launch
This comes a year after Starlink secured approval to operate in Sierra Leone, becoming the fifth African country to grant it an operational license.
Nigerian businessman Atedo Peterside retires from Standard Bank Group after 35 years
“The retirement age is actually 70, but I believe 35 years is enough, and the succession plans have worked well,” he said.