Dangote lashes out at Nigerian oil union over ‘economic sabotage’
Africa’s richest man accuses Nigeria’s powerful oil union of decades-long sabotage, blaming it for energy shortfalls and hardship for millions of citizens.
Nigerian billionaire Abdul Samad Rabiu hails President Tinubu’s reforms for economic gains
BUA Chairman Abdul Samad Rabiu praises Tinubu’s reforms for stabilizing the naira, lowering food prices and encouraging private-sector investment despite ongoing economic pressures.
Nigerian billionaire Sayyu Dantata emerges as biggest winner from Dangote Refinery’s fuel boom
Sayyu Dantata, half-brother to billionaire Aliko Dangote, has emerged as Nigeria’s most powerful fuel distributor after NNPC, leveraging his MRS network to benefit from Dangote Refinery’s rise.
Bolt in talks to buy Moroccan ride-hailing firm from tech founders Belkhayat and Ziyat
Bolt is negotiating to acquire Moroccan ride-hailing startup VotreChauffeur.ma, signaling an aggressive North Africa expansion push.
Choppies CEO boosts stake with $1 million share purchase, signaling confidence in recovery
Choppies CEO Ramachandran Ottapathu buys 19.5 million shares worth about US$1 million, signaling confidence as the Botswana retailer works to cement its turnaround.
Gabon’s richest man Christian Kerangall loses fight as court clears BGFI Holding IPO
A Gabon court ruled against Christian Kerangall’s shareholder challenge, clearing BGFI Holding’s path to resume its stalled stock market listing in Douala.
Black female venture capitalist Arian Simone launches Fearless Global Initiative at UNGA to unite leaders for economic inclusion
Fearless Fund’s Arian Simone debuts FGI at UNGA, spotlighting its work investing in women-of-color founders with early-stage, growth potential and proven impact.
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant
Sawiris family eyes bold merger of OCI Global and Orascom Construction, creating a global infrastructure and investment powerhouse anchored in Abu Dhabi.
South African mining tycoon Mike Teke sees strong long-term coal demand despite energy transition
Mike Teke of Seriti maintains coal demand won’t fade, leaning on efficiency, cost-plus deals, and exporting amid energy-transition pressures.
King Mohammed VI unveils $557 million upgrades at Casablanca Port to boost Morocco’s global standing
King Mohammed VI opened a sweeping set of projects at Casablanca Port, part of Morocco’s push to elevate the city as Africa’s commercial and tourism hub.
Mauritian conglomerate CIEL led by Arnaud Dalais launches $31 million sustainability-linked bond
Mauritian conglomerate CIEL raises US$31 million through a sustainability-linked bond under Arnaud Dalais, targeting women empowerment, emissions and water use reductions.
Kola Aluko resurfaces promoting Los 7 Ángeles tequila—is this the exiled tycoon’s next act?
Former oil tycoon Kola Aluko aggressively promotes Los 7 Ángeles tequila on Instagram, sparking speculation about a potential investment or new business chapter.
LeBron James doubles down on SpringHill, eyes bigger role in entertainment
LeBron James says his focus is shifting “off the hardwood,” aiming to build SpringHill into “the greatest storytelling company there is.”
South African mining magnate Sipho Nkosi honored with DUT doctorate for trailblazing business leadership
South African mining magnate Sipho Nkosi receives a DUT honorary doctorate, celebrating his leadership, ventures in mining and energy, and dedication to empowerment.
Zimbabwean tycoon Kudakwashe Tagwirei splashes $2 million on Mnangagwa’s birthday amid U.S. sanctions
Kudakwashe Tagwirei, a sanctioned Zimbabwean tycoon and ZANU-PF benefactor, reportedly spent US$2 million on President Mnangagwa’s birthday festivities.
Bombardier hails Dangote refinery as jet fuel game-changer for aviation industry
Bombardier executives praised Aliko Dangote’s refinery in Nigeria as a world-class facility and a vital source of cleaner jet fuel for global aviation.