deals
Greenwich Assists Federal Government to Raise N130 billion
With over N165 billion in subscriptions, Greenwich Merchant Bank Limited, one of the authorised issuing houses for the Federal Government Nigeria’s 15.64% N100 billion Sukuk V Issuance, has successfully concluded the offer. Due to the over 165% subscription level, which demonstrated investors’ continued interest in the FGN Sukuk programme run…
Read More »Kanye West to sell off Balenciaga, Adidas, Gap Hoodies for $20
Kanye West, an African-American rapper-turned-billionaire also known as “Ye,” has announced plans to offer a range of hoodies designed by his clothing line, the Yeezy brand, in association with Balenciaga, Adidas, and Gap for $20 each. In a video published by celebrity news website X17, the multi-industry creative made the…
Read More »Elon Musk Buys Twitter: 5 Things You Probably Didn’t Know
Elon Musk recently completed the $44 billion acquisition of Twitter. According to a CNN story, the highly publicised, turbulent $44 billion purchase was completed, and the world’s richest man assumed control of the microblogging company. Following the acquisition, Musk dismissed Twitter CEO Parag Agrawal, along with CFO Ned Segal and…
Read More »Gabriel Jesus Finalises Whooping $55.5M Transfer Deal with Arsenal
Former Manchester City attacker, Gabriel Jesus is currently the highest-paid player in Arsenal after signing a $55.5 million five-year transfer contract with Arsenal. The deal is reportedly “100% done,” according to talkSPORT. Gabriel Jesus signed a new five-year contract with Mikel Arteta’s team, leaving Manchester City after five and a…
Read More »Can Nigeria Match up to Other African Countries in Tea Business?
Nigeria faces many challenges as opposed to other African countries when it comes down to the tea business. A recent Statista report shows that Nigeria is no where on the ranking in the list of countries of top tea producers in Africa. This makes the country one asset short of revenue…
Read More »QUICK TAKE: Nigeria’s FCMB Group Announces Acquisition of AIICO Pension Managers Ltd
Following the acquisition, AIICO Pensions Limited will henceforth become an indirect subsidiary of FCMB Group.
Read More »Congo Moves to Profit from the Booming Electric Vehicle Market
The Republic of Congo is in talks with the Swiss mining giant, Glencore to reopen the country's largest cobalt mine, Mutanda. Congo's new mines minister Antoinette N’Samba Kalambayi met with representatives from the Swiss mining company on Monday to discuss the reopening of the mine, which closed in November 2019…
Read More »DEAL: Access Bank Has Completed Acquisition of BancABC Mozambique
Access Bank Plc announced earlier this morning that it has finalised the acquisition of BancABC Mozambique through its wholly-owned banking subsidiary, Access Bank Mozambique SA.
Read More »Egypt’s Fintech Startup Raises US$5m Pre-seed Funding 1 Month After Launch
Barely one month after launch, a North Africa fintech startup, Telda, has raised US$5 million pre-seed funding. The fund is expected to help the Egypt-based company solidify its operations. The digital bank was launched by tech entrepreneurs, Ahmed Sabbah, Swvl’s co-founder and former CTO, and Youssef Sholqamy, ex-senior engineer in…
Read More »African Banks Including Zenith, Access Lobby to Acquire Union Bank
Pan-African banking group, Atlas Mara, has received offers from Zenith bank and Access bank for the acquisition of its 49.97% stake in Union Bank Plc, Nigeria’s sixth-biggest bank by market value, Bloomberg reports. The two Nigerian banks are said to be among the financial institutions from Africa and the Middle…
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Medview Airline to buy two CRJ-900 Bombardier aircrafts on lease
The Board of Director of Medview Airline Plc has resolved to engage in lease …
