Tag Archives: Africa

Nigerian billionaire Aliko Dangote has topped the 2022 list of Africa’s richest persons for the 11th year in a row, Forbes magazine said in a report. Dangote’s wealth jumped from $12.1 billion last year to an estimated $13.9 billion. Forbes attributed the growth to a 30% increase in the stock price of Dangote Cement, his most valuable asset. “A surge ...

Airtel Africa Plc has signed agreement with The Rise Fund under which The Rise Fund will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a wholly owned subsidiary of Airtel Africa Plc. AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now intended to own and operate the mobile money ...

Kola Adesina, Chairman of Egbin Power PLC has called on power sector regulatory authorities across Africa to provide the guidance and expertise that is so crucial to enhancing economic growth and development across the continent. Egbin Power PLC is the largest privately-owned power generation company in sub-Saharan Africa and accounts for over 20 per cent of power generated in Nigeria. ...

Vice-President, Yemi Osinbajo, has said that the transformation in Africa has and is being driven by its ambitious businessmen and women stepping beyond national boundaries to global sphere. Osinbajo made the declaration at the inaugural ‘Africa Rising’ lecture of the Harvard University Business School, on Tuesday, a release issued by Laolu Akande, his media aide said on Wednesday. “Africa Rising ...

MTN and Ericsson have announced that they would begin applications trial of the first 5G technology in Africa, which is part of a 5G demonstration starting in the first quarter of 2018. The announcement at the MTN headquarters in South Africa on Monday came after the two companies signed a memorandum of understanding at AfricaCom 2017, to collaborate on the ...