Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
West & Central Africa
After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
Allen Onyema's Air Peace eyes regional expansion across Africa by 2026
Air Peace shifts regional flights to daytime, expands African routes to 2026 for smoother travel and connections.
U.S.-Nigerian mogul Sam Darwish’s IHS stake rises above $90 million
Quantum Invest BV, led by Hani Berzi, increased its stake in Edita Food Industries through a $26.5 million block trade on the Egyptian Exchange.
James Mwangi-led Equity Bank gets $60 million AfDB trade finance guarantee
Equity Bank Kenya has secured a $60 million AfDB trade finance guarantee, boosting support for SMEs and easing risk in cross-border trade across Africa.
Senegalese businessman Demba Ka gets $30 million IFC boost for retail expansion
Senegalese retailer Groupe EDK, led by Demba Ka, secured $30 million from IFC to expand grocery stores nationwide and strengthen food supply chains.
Anthony Joshua faces $66 million tax after blockbuster fight
US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.
Nigerian banker Jim Ovia’s Zenith Bank stake hits $220 million
Nigerian banker Jim Ovia’s Zenith Bank stake rises above $220 million after a recent share rally.
Ghanaian entrepreneur Gregory Rockson’s mPharma gets funding to accelerate healthcare access
Ghanaian entrepreneur Gregory Rockson’s mPharma raises investment to expand medicine access across West Africa.
Folorunso Alakija says $23 million hospital will save lives, train doctors
Folorunso Alakija donates $23 million hospital to Osun State University to train doctors and provide specialist care.
After N30 billion staff award, BUA founder Rabiu shares rare holiday moment
Nigerian billionaire Abdul Samad Rabiu shares a rare holiday moment days after BUA awarded staff N30 billion in cash incentives.
Nigerian businessman Ladi Jadesimi loses $5.9 million on Aradel stake
Ladi Jadesimi loses $5.9 million on Aradel stake as shares decline, trimming earlier gains in Nigeria’s energy sector.
Tony Elumelu’s Heirs Energies secures $750 million from Afreximbank to drive long-term growth
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Dangote refinery drives 28 percent drop in Nigeria petrol prices
Dangote Refinery cuts Nigeria petrol prices 28 percent, easing inflation and boosting holiday fuel supply.
Yomi Jemibewon’s CardinalStone secures $15 million from IFC to scale SMEs in West Africa
CardinalStone Capital Advisers has secured up to $15 million from IFC to back fast-growing SMEs across Nigeria, Ghana and Francophone West Africa through its Growth Fund II.
FCMB led by Nigerian banker Ladi Balogun gains approval for $274 million raise
FCMB Group secures shareholder approval for a $274 million capital raise as Ladi Balogun moves to meet CBN recapitalization rules.