Nigerian agribusiness tycoon John Alamu’s Johnvents set for $72 million World Bank loan
The World Bank's private-sector arm plans to lend $72 million to John Alamu's Johnvents for new sesame and cashew processing plants in West Africa.
World Bank
Zimbabwean billionaire Strive Masiyiwa’s Cassava joins Nvidia in World Bank push to bring AI computing to Africa
Strive Masiyiwa’s Cassava has joined Nvidia as a partner in a new World Bank program to give developing nations shared access to AI computing power.
Equity Group aims for 50 million jobs by 2030 with World Bank appointment
Equity Group CEO James Mwangi sets ambitious goal to create 50 million jobs in Africa by 2030, following his appointment to the World Bank’s High-Level Advisory Council on Jobs.
Orascom, owned by Egypt’s richest family, to modernize Cairo-Beni Suef rail route
Orascom Construction, an engineering and construction contractor with a primary focus on infrastructure, is led by Egypt’s richest family — the Sawiris family.
Tanzanian billionaire Mohammed Dewji says food insecurity is Africa’s biggest threat
The billionaire believes that drastic measures are required to ensure food security on the continent.
Egyptian investor Tarek Assaad’s VC firm, Algebra Ventures, secures $15 million in funding from World Bank
Assaad is also the managing partner of Ideavelopers, where he has managed $50 million in investments since 2009.