Another African bank moves to join China’s yuan payment system as demand for direct settlements grows
Ecobank Group CEO Jeremy Awori told Reuters that the bank would sign an agreement to join China’s Cross-Border Interbank Payment System (CIPS) on Saturday in China
Nigeria loses another mobility giant as Moove exits weeks after Uber despite its $2.1 billion valuation and Waymo-backed US expansion
Under the exit arrangement, eligible drivers will receive full ownership of vehicles worth more than ₦35 billion ($23.3 million), while Moove said more than 9,000 customers have used its Drive-to-Own and rental products in Nigeria
Another African country opens up Dangote Refinery IPO to investors as $1.6 billion share sale expands
Uganda’s Capital Markets Authority has approved investors in the East African country to participate in the Dangote Refinery IPO
Another UK billionaire moves to Monaco, joining a growing billionaire community that includes Nigeria’s Otedola
David Reuben, the 88-year-old property tycoon and co-owner of Newcastle United, moved from his home in Holland Park, west London, to Monaco this summer
Billionaire Elon Musk gets another opening for Starlink in South Africa amid 30% ownership hurdle
Deputy Communications and Digital Technologies Minister Mondli Gungubele said on September 28 that the government was ready to welcome Starlink, provided it operates within South Africa’s equity framework
Varun Beverages to buy another business in Africa
India-based PepsiCo bottler Varun Beverages has struck another deal in Africa, agreeing to buy Kenya-based DFIL Kenya
Africa could soon boast another billionaire as one of Nigeria’s top investors sees his stake in major firm hit $1.28 billion
Elumelu, chairman of Heirs Group and founder and chairman of Heirs Holdings, owns the stake through Heirs Energies Ltd and Heirs Holdings Ltd