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Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
The buying spree is increasingly looking like more than a portfolio investment. Otedola, whose business interests have ranged from energy and power generation to
Kenya loses Sh11bn stake in AfDB amid cash crunch
Kenya has lost 6,715 shares at the African Development Bank (AfDB), valued at Sh11.9 billion, after it failed to complete annual subscription, affecting its ownership
WA’s redistricting battle could be headed to the US Supreme Court. Here’s what’s at stake
A federal court decision earlier this month could shape who represents Eastern Washington in Olympia for years to come, and the fight is far from
Nedbank Gains Approval for NCBA Stake Acquisition
Nedbank has secured regulatory approval to acquire a 66% stake in NCBA, a leading Kenyan bank. The transaction, valued at $855.5 million, represents a significant
Prest secures Zambia court victory in Investrust stake dispute
Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he says was effectively eliminated when