Business

I&P Afrique Entrepreneurs 1 Fund Exits Two Portfolio Companies

The Fund I&P Afrique Entrepreneurs 1 (IPAE 1), launched by Investors & Partners (I&P) in 2012, has announced its exit…

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French Generic Drug Company Biogaran Launches Its Operations In Ivory Coast

Biogaran, the first French pharmaceutical laboratory specializing in generic drugs, has reportedly extended its presence in Côte d’Ivoire as part…

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South African Competition Commission Orders Media Companies To Pay Massive Fines For Price Fixing

The South African Competition Commission has ordered three media companies Ster-Kinekor, Primedia, and the South African Broadcasting Corporation (SABC) to…

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Eskom: South African President Cyril Ramaphosa Says Government Won’t Let Eskom To Fail

The ailing South African electricity power utility Eskom, which generates more than 90 percent of the country’s electricity supply,  is…

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NPA Confirms It Will Drop All Charges Against Duduzane Zuma On Thursday

The National Prosecuting Authority (NPA) has confirmed that it will drop all charges against former President Jacob Zuma’s son, Duduzane…

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Naspers’ MultiChoice Group To List On JSE In February

Naspers’ video entertainment business, MultiChoice Group, will reportedly get listed on the Johannesburg Stock Exchange (JSE) next month on February…

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Three Investors In Talks With AMCON To Acquire Aero Contractor-Report

New reports suggest three investors are currently in talks with the Asset Management Corporation of Nigeria to acquire Nigerian aviation…

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Angelo Agrizzi Reveals Shocking Details About Bosasa Empire’s Illicit Operations

Former Bosasa COO Angelo Agrizzi revealed a lot of shocking details about the company’s operations when he was testified at…

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Central Bank of Nigeria Announces Plans Of Establishing National Micro-Finance Bank

The Central Bank of Nigeria (CBN) on Thursday announced that it is going to establish a national micro-finance bank that…

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YES Initiative Announces Its Plans For 2019

The Youth Employment Service (YES) initiative, which was launched last year in an effort to create 1 million new 12-month…

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Eskom’s Financial & Opeartional Issues Are Already Being Taken Care Of, Says President Cyril Ramaphosa

South African electricity power utility Eskom is going to a rough phase as it is currently facing a number of…

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CFAO Renews Partnership With Public Health NGO AMREF

CFAO, one of the leading distribution companies operating in Africa, has reportedly renewed its partnership with AMREF, Africa’s first public…

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Nigerian Gencos Threaten To Shut Down Plants If Government Fails To Check Looming Challenges

The power generation companies in Nigeria have threatened to shut down plants over challenges looming over the country’s power sector.…

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Tanzania Government, Bharti Airtel Agrees To New Shareholding Arrangement

The Tanzanian government and India-based Bharti Airtel have agreed to raise the government’s stake in the telecommunications company to 49…

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MTN, CBN Out-Of-Court Settlement Gets Official Approval

MTN Nigeria Communications Limited has reportedly reached an out-of-court settlement with the Central Bank of Nigeria over a lawsuit that…

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9Mobile Points Out Main Reason Behind Teleology Holding’s Exit

The board of directors of Nigeria-based telecoms operator company 9Mobile has finally come forward to explain the actual reason behind…

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Tony Elumelu Foundation Begins Accepting Applications For 2019 Edition Of TEF Entrepreneurship Program

The Lagos-based Tony Elumelu Foundation, which is Africa’s leading entrepreneurship programme committed to empowering young African entrepreneurs, has begun accepting…

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Forbes Africa Billionaires List 2019: Aliko Dangote Retains Top Position For Eighth Consecutive Time

The Forbes Africa Billionaires 2019 list is finally out with Aliko Dangote, the President of the Dangote Group, retaining his…

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Solar Technology Company REDAVIA Gets $ 2-Million In Debt Financing From ElectriFI

Germany-based solar technology company REDAVIA has secured USD-2-million (EUR 1.74m) in debt financing from the Electrification Financing Initiative (ElectriFI) to…

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Air Peace Begins Demonstration Of Flights To Obtain NCAA Clearance For Long-Haul Flight Operations

Nigerian Airline Air Peace has begun a demonstration of flights in preparation for its long-haul international flights. The latest move…

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Keystone Bank Launches Zero Data Mobile App

Keystone Bank Limited has reportedly launched its zero data mobile app dubbed ‘Keystone Bank Mobile App’ that will let users…

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SAHCO Eyeing To Expand Operations To West African Countries

Skyway Aviation Handling Company Plc (SAHCO) has revealed plans of expanding operations as its N1.89bn Initial Public Offering is nearing…

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Kencoin: CMA Warns Kenyans To Refrain From Buying Cryptocurrency From Wiseman Talent Ventures

The Capital Markets Authority (CMA) has warned the public to refrain from engaging in any initial coin offering or coin…

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Barrick CEO Mark Bristow Hopeful Of Ending Tanzania Tax Dispute Soon

The world’s largest gold producing company, Barrick Gold Corp., which recently completed the acquisition of Randgold Resources, is reportedly looking…

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LEC Calls Out For Strict Punishment Against Electricity Thieves

The Liberia Electricity Corporation (LEC) is claiming that about 60 percent of its annual output is stolen by the people…

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