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Dangote's refinery fights a crude squeeze as Nigeria ships 55.39 million barrels, a court lifts the EFCC shield on Nestoil Group's $1 billion debt dispute, and Mike Adenuga turns 73 — plus our new Investor Memo maps how the Iran war is repricing every African upstream asset in real time.
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.
Dave Chappelle spent $15 million buying and renovating an 1870s Ohio schoolhouse to save his hometown's public radio station from relocating.
Godfrey Kirumira started trading cigarettes at 12 on the streets of Kampala. Today he chairs the club of Uganda's richest tycoons.
Aliko Dangote is expanding his Lagos refinery into high-margin chemicals including polypropylene, fertiliser and detergent ingredients as he targets 1.4 million barrels per day.
Johann Rupert's Richemont has freed up €4.9 billion in capital, sending the luxury world into speculation about a potential blockbuster acquisition.
Weak cotton prices and a disappointing 2025 harvest are blocking Cameroon billionaire Baba Danpullo's bid to exit his minority stake in Sodecoton.
Nigerian shareholders praised Abdul Samad Rabiu's governance at BUA Group as BUA Foods posted N518 billion net profit and proposed a N28 dividend, more than doubling the prior year's payout.
Victoria University has appointed Meera Ruparelia to its University Council, replacing her late brother Rajiv Ruparelia who died in a road accident in May 2025.
Egypt's Talaat Moustafa Group has unveiled The Spine, a $27 billion mixed-use city east of Cairo billed as the first AI-powered cognitive city in the Middle East.
Billionaire John Arnold says sports prediction markets are designed to keep young men engaged in ways that lead to debt, addiction and mental health breakdowns.
Four major African upstream transactions in two weeks — Oando raising $750 million, NNPC doubling Dangote's crude supply, Seplat making NGX history at N10,000, and Petrobras entering the Gulf of Guinea through Arthur Eze's Oranto — all driven by a single cause: the Iran war has repriced African oil.
Nassef Sawiris quietly lifts his Orascom Construction stake to 43.39 percent, Hassan Allam acquires Metito's engineering arm to build an Africa-wide water infrastructure platform, and GCB Bank's dividend hands Daniel Ofori a $1.66 million payout.
Nassef Sawiris has increased his total stake in Orascom Construction to 43.39% after his NNS City family office acquired approximately 1.13 million additional shares in the company.
Rupert's Richemont bails out Delvaux with a €100.6 million debt-to-equity conversion, Hiridjee's AXIAN Telecom crosses $1.69 billion in revenue, Gary Lubner eyes a $1 billion Belron IPO windfall, and a Kenyan Senate probe names Mohamed Jaffer in an alleged fuel crisis scheme.
Kenyan Senate investigation has named Mombasa tycoon Mohamed Jaffer and 2 state officials in an alleged scheme to manufacture the country's worst fuel crisis in 3 years.
