Ghanaian tycoon Daniel McKorley’s McDan Aviation boosts operations with two new aircraft
McKorley’s McDan Aviation expands fleet with two new aircraft, elevating luxury air travel in Ghana and West Africa.
West & Central Africa
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
Nigerian billionaire Kola Karim, Mota Engil win Abuja airport concession
Karim is a part owner of Mota Engil Nigeria, which is a joint venture between his Shoreline Group and Mota Engil.
Listed companies of Africa’s 3rd-richest billionaire report $146 million in profit over Q1 2023
Rabiu: Africa’s third-richest billionaire’s businesses thrive, generating $146.2 million profit in Q1 2023.
Nigerian banker Herbert Wigwe invests $1.6 million to increase stake in Access Holdings
Wigwe has expanded his stake in Access Holdings, driving growth and confidence in the financial sector.
Nigerian banker Aigboje Aig-Imoukhuede to donate $5 million to healthcare initiatives
Aig-Imoukhuede is the former CEO of Access Bank.
Ghanaian mining tycoon Ibrahim Mahama signs $230-million equipment financing deal
Mahama, 52, is one of Ghana’s richest men and the founder of Engineers & Planners.
Tony Elumelu’s wife, Awele, acquires $14-million stake in Transcorp
Awele Elumelu acquired a 5.076-percent stake in Transcorp, making her one of the largest shareholders in the conglomerate.
Zenith Bank CEO Ebenezer Onyeagwu invests in bank’s future with 8 million new shares
Onyeagwu’s stake in Zenith Bank has increased from 0.26 percent, or 82,176,078 shares, to 0.29 percent, or 90,176,078 shares.
Nigerian oil tycoon Abdulwasiu Sowami completes acquisition of Ardova, pays Femi Otedola $19 million
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
MTN Nigeria CEO Karl Toriola’s daughter acquires shares in company
While Damilola joins the ranks of the group’s minority shareholders, her father, Toriola holds a stake of 0.0201 percent in MTN Nigeria.
Herbert Wigwe invests $3.51 million in Lagos-based lender, Access Holdings
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Femi Otedola’s siblings, Ayokunle and Rotimi, acquire additional $2 million stake in Geregu
Geregu Power is a leading power-generating company led by Femi Otedola, one of Africa’s richest billionaires.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.