Kenyan tycoon Julius Mwale to build multimillion-dollar medical city in Ghana
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
West & Central Africa
Bank led by Nigerian tycoon Herbert Wigwe achieves over $180 million in profit
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
Wealthy Cameroonian industrialist Nana Bouba launches oilseed processing company
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.
Former director pleads guilty to embezzling $2.2 million from 50 Cent’s company
The embezzlement scheme dates back over two years, coinciding with 50 Cent’s purchase of $14.8 million worth of champagne and cognac from two French distilleries.
American-Nigerian mogul Sam Darwish’s IHS to deploy 750 towers in Brazil
Founded by Darwish in 2001, IHS Holding retains its position as one of the largest telecom infrastructure groups in terms of tower count.
Nigerian banker Herbert Wigwe gains $8 million from Access Holdings stake
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector.
Nigerian billionaire Mike Adenuga in spotlight over $260-million debt and bribery allegations
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
Dangote’s stepbrother, Sayyu Dantata, gains $2.4 million from MRS stake in 48 hours
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.
Cameroonian billionaire Samuel Foyou gets green light to launch bank
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
Burkinabe tycoon Idrissa Nassa’s Coris Bank advances as finalist in Cape Verde bank acquisition
Under the leadership of Nassa, Coris Bank has emerged as a formidable force in the financial services industry.
Nigerian tech entrepreneur Favor Ori’s explores acquisition options after raising $3 million
PayDay, founded by Ori nearly two years ago, maintains dual headquarters in Canada and Rwanda.
Africa’s richest man Aliko Dangote’s refinery imports crude ahead of launch
The Dangote Oil Refinery project stands as a resounding testament to the unwavering dedication of Aliko Dangote and the Dangote Group.
Africa’s richest man Aliko Dangote’s refinery to commence operations by October
Despite these delays, Dangote’s fortune has witnessed a remarkable surge, catapulting him back among the world’s top 100 billionaires.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
Mysterious Nigerian buyer pays $20 million to acquire Abo FPSO from BW Offshore
There is no information available whatsoever about the ownership of STAC or its existence prior to the deal with BW Offshore..
Nigerian energy tycoon Wale Tinubu gains $40 million from Oando stake
Tinubu, a towering figure in the Nigerian energy industry, who owns 66.67 percent of Ocean and Oil Development Partners (OODP), has an indirect stake in Oando.