Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
Kenyatta family’s NCBA in takeover talks with Standard Bank
The Kenyatta family’s NCBA Group may be on the verge of a takeover by Standard Bank, signaling a shift in Kenya’s financial power.
Nigerian auto magnate Innocent Chukwuma to build CNG vehicle plant in Bayelsa
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.
Africa's richest man Aliko Dangote launches $160 million Côte d’Ivoire plant
Nigerian industrial giant Dangote Cement has inaugurated a major plant near Abidjan, promising local jobs, affordable cement, and regional growth.
Nigerian billionaire Femi Otedola’s Geregu Power lifts Q3 profit 82% to $7.6 million
Femi Otedola’s Geregu Power posted ₦11.2 billion pre-tax profit in Q3, up 82% year on year as energy sales and capacity payments strengthened.
Kenyan billionaire Humphrey Kariuki named IUCN Patron of Nature in Abu Dhabi
Businessman and conservation advocate Humphrey Kariuki becomes the first African named a Patron of Nature by IUCN, cementing his role in global biodiversity efforts.
Canadian financier Charles Field-Marsham, who founded Kenya’s top investment bank, exits in management buyout
Canadian banker-entrepreneur Charles Field-Marsham exits Kestrel Capital via a management buyout, capping three decades of market-building and leaving the firm to a Kenyan investor group.
Nigerian-Lebanese tycoon Bassim Haidar plans $365 million IPO in South Africa with AI Fintech Optasia
Bassim Haidar is betting big on African fintech, planning South Africa’s largest IPO of 2025 to fund Optasia’s global expansion.
Nigerian billionaire Muhammadu Indimi pledges to invest $250 million in Bauchi
Oil magnate Muhammadu Indimi vows to invest $250 million in Bauchi State as Tinubu urges global investors to seize Nigeria’s growth moment.
Discovery CEO Adrian Gore, top executives cash out $5 million in shares
Discovery CEO Adrian Gore and senior executives offloaded nearly R100 million in shares, sparking debate over insider sentiment at the South African financial giant.
Cameroon’s richest man to pocket tiny dividend from cotton producer Sodecoton
Sodecoton okays a 500 million CFA ($810,000) dividend as Cameroon lifts its stake to 89%, leaving Baba Ahmadou Danpullo’s SMIC with 11% and steady cashflows.
Madagascar’s second richest man says Africa’s growth will come from informal sector
Hassanein Hiridjee, CEO of Axian Group and Madagascar’s second richest man, says Africa’s economic future depends on empowering millions of small informal businesses with access to clean energy and fairer financing.
How Kenyan billionaire Abu Joho built a port empire—and why the courts are pushing back
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.
Nigerian billionaire Kunle Soname’s ValueJet makes historic first flight from Ogun’s new Gateway Airport
Kunle Soname’s ValueJet operated the first commercial flight from Ogun’s Gateway International Airport on February 26, 2024, marking a step for private aviation.
Nigerian billionaire TY Danjuma's family office trims loss in 2024, keeps $114 million asset base
Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Africa's richest man breaks ground on $2.5 billion fertiliser plant in Ethiopia
Aliko Dangote launches a $2.5 billion fertiliser complex in Ethiopia, aiming to transform agriculture, boost food security, and drive Africa’s industrialisation.