Arthur Eze to pay $10 million to regain oil blocks in Equatorial Guinea
Authorities there are demanding a $10 million bonus from him if he wants a chance to recover his oil blocks in the small but oil-rich nation on Africa’s west coast.
Mike Adenuga, before the billions, was Africa’s leading car stereo importer
Before building his empire, Adenuga spotted an early opportunity in an unexpected place: car stereos.
Aliko Dangote’s Dangote Cement posts $130 million profit in Q1 2025
Despite challenges, Dangote Cement's revenue grew 21.7%, reaching N994.7 billion ($618.3 million), up from N817.35 billion ($508.4 million).
Femi Otedola, before the billions, was Nigeria’s largest private shipowner
In the early 2000s, before the headlines, Otedola focused on building Nigeria’s largest privately owned shipping fleet.
Stephen Saad loses $130 million as Aspen shares fall amid contract dispute
This follows a $148.7 million contract dispute tied to mRNA technology.
Peter Ndegwa leads Safaricom’s $300 million M-PESA upgrade
Peter Ndegwa said the upgrade will strengthen M-PESA’s backbone, making it more resilient and prepared for the future.
Meet Ahonsi Unuigbe, Nigerian energy mogul with hidden $70 million oil stake in Canada
With over two decades of experience across industries, Unuigbe, CEO of Petralon Energy, is a leading energy mogul in Africa.
Abdul Samad Rabiu’s BUA Cement posts $62 million profit in Q1 2025
Pre-tax profit for the first quarter of 2025 surged to $62 million, marking a significant increase from the same period last year.
Jannie Mouton’s Capitec Bank stake gains $209 million
The rise in Jannie Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Hassanein Hiridjee powers Senegal’s solar future
AXIAN Energy, controlled by Hassanein Hiridjee, is set to build a solar-plus-storage facility in Senegal’s underserved Kolda region, boosting clean power access.
Aisha Abdulaziz to become first woman to list Nigerian company
Aisha Abdulaziz called the NGX listing “a national moment,” citing Legend’s mission to build Africa’s most customer-focused, innovative internet company.
Jean Kacou Diagou takes majority stake in NSIA Participations
Ivorian banker Jean Kacou Diagou has raised his stake in NSIA Participations to 68.73%, strengthening his influence in Africa’s financial services sector.
Gabon taps Ivorian builder Hassan Dakhlallah for data center project
From Libreville to Johannesburg, African leaders are driving a continental push toward digital growth and connectivity.
Tidjane Thiam disqualified from Côte d'Ivoire’s presidential bid
A court in Abidjan ruled him ineligible to run, citing his removal from the electoral list after losing Ivorian nationality upon becoming a French citizen in 1987.
Gus Attridge gains over $18 million as Aspen shares rebound
This follows a strong recovery in Aspen's share price on the Johannesburg Stock Exchange (JSE).