One of Nigeria’s largest cocoa producers gets $23.3 million boost from IFC
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a $23.3 million financing deal...
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...
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...
New financial mechanisms needed to address Africa’s affordable housing crisis; says Nigeria’s housing minister, Arc. Dangiwa.
Speaking at the Ministerial Roundtable on “Innovative Financing for Housing Affordability,” held during the Shelter Afrique Development Bank (SHAFDB)...
African ministers support Shelter Afrique Development Bank’s capitalization initiatives
The African ministers of housing, urban planning and development have pledged to support capital raising initiatives by pan-African premier...