Tag: African Business Excutives

A look at the Ghanaian firm that saved a failing bank in the U.S. with $9 million

By MILDRED EUROPA TAYLOR 

Four years ago, a bank in the United States was on the verge of collapsing when a Ghanaian firm came to its rescue. The Ghanaian firm Groupe Nduom, an entrepreneurial and enterprise building firm then operating out of West Africa and the UK, donated as much as $9 million into the ISF Bank to revive its struggling operations.

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ADEBAYO OGUNLESI: The Nigerian-American Lawyer And Global Investment Banker

Adebayo O Ogunlesi, born December 20, 1953, is a Nigerian lawyer and investment banker. Ogunlesi is currently Chairman and Managing Partner at the private equity firm Global Infrastructure Partners (GIP). Ogunlesi was the former head of Global Investment Banking at Credit Suisse First Boston before being promoted to Chief Client Officer and Executive Vice Chairman. Ogunlesi is from Makun, Sagamu, Ogun State in Nigeria.

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The Aliko Dangote Foundation donates $20 million to the Africa Center in New York

Bill and Melinda Gates supports with $5 million donation.


The Africa Center, a leading non-profit institution focused on the intersection of African policy, business, and culture, today announced a transformative $20 million donation by the Aliko Dangote Foundation to advance and accelerate the Center’s capital campaign, further activate its public spaces and programming, and support ongoing operations. 

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This Maverick is advancing Africa through Tech

Iyinoluwa Aboyeji is an exceptional man. At 28, he has founded a slew of start-ups that have raised several millions of dollars and had immense social and economic impact in Africa. His role in founding Andela is well known just as his role in the birth of flutterwave. He has now started a family office in San Francisco to invest in other start-ups, and of course, his operational scope will include Africa. This report tells more about his early days as an entrepreneur.

By Peace Hyde

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African Union Trade Commissioner to Receive Champion of Trade Award in Chicago

Following the entry into force of the newly created African Continental Free Trade Agreement (AfCFTA), the African Union Commissioner for Trade and Industry, Amb. Albert M. Muchanga, is set to receive the Champion of Trade Award at the 2nd edition of the Trade with Africa Business Summit schedule to take place August 1st & 2nd in Chicago.

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Africa’s richest man, Aliko Dangote, ranked among Fortune Magazine’s annual list of the world’s greatest leaders

Africa’s richest man, Aliko Dangote has been rated one of the World’s 50 Greatest Leaders in 2019. The Nigerian is the only billionaire and philanthropist from the continent on the list, clinching 11th position among several other top world leaders.

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Washington to host Doing Business in Africa and the Caribbean Symposium

Ambassadors, representatives and business leaders from Africa and the Caribbean will gather in Washington, D.C., in June to share how investors, businesspeople and entrepreneurs can successfully do business in their countries.

The Doing Business in Africa and the Caribbean Symposium will be held June 19-20, at the African Union Mission, 1640 Wisconsin Ave., N.W. Washington, D.C., 20007.

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AfDB urges US businesses to “take advantage of opportunities” in Africa

African Development Bank President Adesina said it is time that the United States “scale up and take advantage of opportunities that other global players are already investing in.” APA learned on Friday.

Speaking at a high-level dialogue in Washington D.C., Akinwumi Adesina noted that “it is time to turn around the declining investments of the U.S. in Africa.

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South African billionaire, Patrice Motsepe, gets mentioned in report on philanthropist outside US

South African billionaire Patrice Motsepe has donated over $500 million to projects in Africa pertaining to health, farming, agrobusiness, infrastructure, and music.

Last year, the African Rainbow Minerals founder also pledged to donate $250 million to South African land reform and $100 million to education initiatives.

His philanthropy was noted by US media giant, Forbes, in a report highlighting the largest philanthropists out outside the US.

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African and US ICT actors to meet in Washington for the future of fintech

The future of the African fintech sector will be discussed during the Africa Fintech Summit to be held on April 11, 2019, at the US Institute of Peace in Washington.

The main subjects to be discussed during the summit will be the future of banks and venture capital in the digital era, regulations, blockchain, digital identity, fund transfers and financial inclusion.

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