Femi Otedola reaches out-of-court settlement with Zenith Bank in fraud row
Nigerian billionaire Femi Otedola and Zenith Bank have reached an out-of-court settlement. Otedola and Zenith Bank have been embroiled...
Brandy Kemunto
Dubai firm to construct $4 billion alumina refinery in Guinea
UAE’s Emirates Global Aluminium (EGA) through its subsidiary Guinea Alumina Company (GAC) has signed an agreement with the Republic...
SK Macharia vs Kenyan authorities: The battle for Directline Assurance
Samuel Kamau Macharia, the owner of Royal Media Services (RMS), has been making headlines for all the wrong reasons...
Dangote eyes steel industry, pays $2.4 billion of loan borrowed to build oil refinery
Nigerian billionaire Aliko Dangote has disclosed that he has already paid about $2.4 billion of a $5.5 billion loan...
Australia’s energy giant Woodside begins offshore oil production in Senegal
Senegal has officially joined the ranks of oil-producing countries following the announcement of the first oil from the Sangomar...
Nigeria’s Fidelity Bank secures $40 million from Afreximbank for Union Bank UK takeover
The African Export-Import Bank (Afreximbank) has given a $40 million Intra-African Investment facility to Fidelity Bank Nigeria Plc to...
The exodus of wealth: Why 20,000 African billionaires and millionaires have fled the continent
Africa, the breeding ground of some of the world’s richest people has, over the past few years, seen a...
Russia to set up floating nuclear power plants in Guinea
Russia and the Republic of Guinea have signed a memorandum of understanding at the St. Petersburg International Economic Forum...
Diageo joins multinationals exiting the Nigerian market
Diageo, the global spirits giant, is selling its majority stake in its subsidiary, Guinness Nigeria, as it becomes the...
Ditching the dollar: DR Congo’s central bank enforces franc-only e-payments
The Central Bank of Congo (BCC) has issued a new mandate requiring all Electronic Payment Terminals (EPTs) in the...