Tycoon Tony Elumelu leads Transcorp past N1 trillion assets in record 2025 results
Tony Elumelu Transcorp crossed N1 trillion in assets in 2025 as profit surged 44 percent and revenue climbed to N544 billion.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Aliko Dangote unveils plan to turn refinery into industrial powerhouse with massive detergent chemical plant
Aliko Dangote has announced a major petrochemical project that will turn his refinery into an industrial hub and position Nigeria as Africa’s largest supplier of detergent raw materials.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Nigerian tycoon Taiwo Afolabi expands digital education drive with AI training for Lagos students
Taiwo Afolabi has strengthened his digital education push, training 90 Lagos students in artificial intelligence and practical technology skills.
Nigerian auto magnate Innocent Chukwuma's Innoson now employs 8,000 workers nationwide
Innoson chairman Innocent Chukwuma says the company employs 8,000 staff nationwide and plans to add 2,000 more in new factory expansion.
Elon Musk says his lifetime tax bill could top $500 billion as wealth surges
Elon Musk says he may pay more than $500 billion in taxes over his lifetime, reviving debate over billionaire wealth and taxation.
Billionaire Koos Bekker’s The Newt is reshaping life near Castle Cary in rural Somerset
Koos Bekker’s Somerset estate, The Newt, has turned nearby Castle Cary into a higher profile stop for tourism, rail travel and rural investment.
Inside Patrick Mavros: The African luxury house forged in silver and story
Alexander Mavros explains how a Zimbabwe born atelier turned wildlife and craft into Africa’s most distinctive luxury house.
Kenyan businessman SK Macharia back in court as judge demands clarity on who owns insurer Directline
S K Macharia appeared in court as the Directline shareholding dispute intensified, with a judge urging regulators to clarify ownership.
Mark and Brett Levy's Blu Label reports first half loss after Cell C spin off
Mark Levy Blu Label reported a first half loss after spinning off Cell C, though core operations remained profitable.
Mark and Brett Levy's Blu Label secures major energy trading licence for BluEnergy
Mark Levy has secured a multi year trading licence for BluEnergy, strengthening Blu Label role in South Africa evolving power market.
Aliko Dangote predicts naira could strengthen to N1,100 this year
Aliko Dangote says the naira may strengthen to N1,100 per dollar this year as reforms and reduced imports reshape Nigeria economy.
Narendra Raval's Devki Steel seeks $12 million VAT settlement with KRA
Narendra Raval Devki Steel has opened negotiations with Kenya Revenue Authority in a Sh1.6 billion VAT dispute over factory equipment imports
Aliko Dangote's refinery now supplies 62 percent of Nigeria's petrol demand
Aliko Dangote refinery supplied 62 percent of Nigeria petrol demand in January 2026, overtaking imports in a major energy milestone.