Broken promises by wealthy nations: Africa needs to finance its energy addition, then transition
African oil and gas producers should also seek to maximize their own capacities as they develop their own subsurface resources.
Editorial Team
Nigeria's richest woman Folorunsho Alakija donates hospital to Osun State
Nigerian billionaire and philanthropist Folorunsho Alakija donates a new hospital to Osun State, one of the country's less affluent states.
Nigeria’s president praises billionaire Femi Otedola on his 63rd birthday
President Bola Ahmed Tinubu sent birthday wishes to Geregu Power chairman Femi Otedola, applauding his “visionary entrepreneurship,” energy-sector investments, and philanthropy in education, healthcare, and youth programs.
Agosta Liko’s Pesapal lands KCB investment, resetting Kenya’s payments race
KCB Group plans to take a minority stake in Pesapal, the payments company founded by Agosta Liko in 2009. The tie-up gives Kenya’s biggest bank a foothold in merchant acquiring and digital rails, while Pesapal gains capital and distribution to scale across hospitality, travel, and SME retail.
Meet Nigeria’s young real estate multimillionaires
Across Nigeria, a new generation of real estate developers is turning concrete and land into the country’s next fortunes.
Nigerian tycoon Solomon Onafowokan opens Africa’s largest fibre-optic cable plant
Coleman Technical Industries chairman Asiwaju Solomon Onafowokan has launched a massive fibre-optic cable factory in Sagamu, boosting Nigeria’s digital-economy capacity and reducing dependence on imported network infrastructure.
LNG: How arbitration battles are redefining the global gas trade
A wave of billion-dollar legal battles—from BP’s arbitration win against Venture Global to Nigeria LNG’s London defeat—shows how the once-stable LNG market is now shaped by courtrooms, not contracts.
Femi Otedola donates $2.8 million for Augustine University engineering block
Billionaire Femi Otedola has committed ₦4 billion to build a new electrical and electronics engineering block at Augustine University, reinforcing his role as the institution’s largest private benefactor.
Petralon 54 inaugurates Host Community Development Trusts for Dawes-Island Communities
Petralon 54 launches Host Community Development Trusts in Dawes-Island to empower Ogoloma and Koniama communities.
The CAF Returns to Profit Under Patrice Motsepe’s Leadership
Under Patrice Motsepe, CAF posted a $9.48m profit, boosting prize money as African billionaires deepen their investment in football.
The Secret Billionaire Powering $5 Trillion in Global Trades Every Month
From coder to market mover, Exness CEO Petr Valov built an algorithm-driven brokerage that scaled from a niche idea to a global platform, emphasizing ethics, speed, and access for everyday traders.
10 Best Forex Brokers in Africa
Africa’s forex boom—powered by better internet and digital payments—has opened markets to millions. This guide ranks the 10 best brokers for African traders, focusing on local deposits/withdrawals, reliable regulation, strong platforms, and real customer support.
Femi Otedola sells $6.25 million in Geregu shares
Billionaire investor Femi Otedola has sold 9.04 million shares in Geregu Power Plc through his investment vehicle Amperion Power, in a ₦9.29 billion ($6.25 million) deal that trims his controlling stake but keeps him firmly in charge.
7 African multi-millionaires who built fortunes bottling Coca-Cola
Coca-Cola’s dominance in Africa rests on billionaire bottlers who drive its reach and growth, shaping one of the continent’s most valuable consumer networks.
Sol Daurella: The Spanish billionaire who controls a Coca-Cola empire across Africa
Sol Daurella has turned a decades-old family franchise into one of Coca-Cola’s most strategic platforms in Africa. Her family’s ECCBC network spans 13 countries, with Casablanca now serving as its operational nerve centre.