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.
Editorial Team
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.
Energy investor Kevin Okyere warns Ghana must act as 12 % face food insecurity
As Ghana confronts rising hunger, energy entrepreneur Kevin Okyere urges the private and public sectors to unite in tackling food insecurity, while his foundation supports hundreds of families and spearheads skills-training initiatives.
MacKenzie Scott pours $385 million into Africa: who got it and what’s working
Between 2019 and 2024, MacKenzie Scott gave $385 million to Africa-based groups. We track the ten biggest beneficiaries and what’s changed.
Raila Odinga’s quiet business empire: energy, real estate and strategic stakes
Odinga’s passing throws fresh attention on a low-profile business empire built around energy, manufacturing and family-run holding structures.
Inside the secretive succession of Rwandan tobacco billionaire Tribert Rujugiro’s empire
When Tribert Rujugiro Ayabatwa died in Dubai in April 2024, he left more than a fortune. From Uganda to Angola, his Pan-African tobacco empire—built on power, politics, and secrecy—passed to his heirs. The story of one of Africa’s most elusive fortunes enters a new chapter.
betPawa posts record $111 million profit in 2024
BetPawa, the African mobile betting platform founded by Kresten Buch, reported its biggest annual profit yet on surging digital wagers.
Tetracore Energy Group expands board, welcomes Oscar Onyema, Aisha Balewa, and Ayodele Oni to strengthen vision for Africa’s energy future
Tetracore Energy Group has appointed Oscar N. Onyema OON, Aisha Balewa Abubakar, and Dr. Ayodele Oni to its Board of Directors.
Tetracore Energy Group announces the appointment of Dayo Williams to Managing Director, subsidiaries
Tetracore Energy Group has appointed Mr. Dayo Williams as Managing Director of its subsidiaries, reinforcing the Group’s commitment to leadership excellence and innovation in Africa’s energy sector. With
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Tanzania moves to seize tea assets from Africa’s youngest billionaire Mo Dewji
Facing political and financial pressure, Tanzania moves to seize MeTL’s tea assets in a high-stakes showdown with Africa’s youngest billionaire.