Nigerian billionaire Abdulsamad Rabiu tops stock gains in 2025, beats Dangote
Abdul Samad Rabiu emerged as Nigeria’s biggest stock market winner in 2025, overtaking Aliko Dangote as soaring share prices lifted billionaire fortunes.
Latest
Nigerian businessman Matthew Tonlagha signs $720,000 U.S. lobbying deal as Abuja courts Washington
Matthew Tonlagha, a Tantita Security Services executive, signed a six month $720,000 lobbying deal in Washington to boost U.S. Nigeria ties.
Senegalese multimillionaire Kabirou Mbodje jailed in Paris as rape allegations case deepens
A Paris court kept Wari founder Kabirou Mbodje in custody, rejecting release as prosecutors cite witness pressure fears and flight risk.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.
Malagasy billionaire Hassanein Hiridjee's AXIAN Foundation renovates clinics in Antsirabe
AXIAN chief Hassanein Hiridjee backs renovation of four Antsirabe clinics, targeting better primary care for 185,000 residents.
Kenya clears Tanzanian billionaire Edha Nahdi’s bid for NSSF stake in East African Portland Cement, but orders 18 months of job protection
Kenya’s competition watchdog cleared Amsons executive Edha Nahdi’s firm to buy NSSF’s Portland Cement stake, with an 18 month job lock.
Nigerian billionaire Aliko Dangote's refinery secures new NNPC gas deals to power global expansion
Dangote Group has secured new gas supply agreements with NNPC units to support refinery expansion as Nigeria works to raise gas production.
Nigerian lawyer Gbenga Oyebode-led Okomu Oil’s profit nearly doubled in 2025 on strong palm oil sales
Okomu Oil Plc nearly doubled its 2025 net profit to N63.5 billion, driven by strong palm oil sales and favorable global prices, boosting revenue and margins
Ghanaian businessman Ibrahim Mahama receives Honorary Doctorate from UMaT for mining and construction impact
Ibrahim Mahama received an honorary Doctor of Science from UMaT for his nearly 30-year impact on Ghana’s mining and construction sectors, highlighting local industry leadership
Wale Tinubu’s Oando grows profit 10 percent as upstream output jumps in 2025
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
South African billionaire Michiel Le Roux’s Capitec to grow branches and ATM network as rivals scale back
Capitec plans to expand branches and ATMs in 2026, betting that physical access still matters as rivals cut networks and push deeper into digital banking.
Billionaire Aliko Dangote's refinery targets 75 million litres daily petrol supply
Dangote Refinery outlined petrol, diesel and aviation fuel volumes that exceed Nigeria’s estimated demand, according to figures released by the company.
South African billionaire Johann Rupert’s Richemont to sell Baume & Mercier to Italy’s Damiani
Richemont agreed to sell Baume & Mercier to Italy’s Damiani, handing control of one of Switzerland’s oldest watch brands to a family owned jeweler.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Emeka Agbanari and the Seaman Group: How an Anambra industrialist built scale in mining, construction and energy services
Emeka Agbanari built Seaman Group in mining and construction, then diversified into energy services and scholarships, earning a national honour along the way.
Liberian watchdog questions Nigerian billionaire Arthur Eze, Oranto ties as offshore oil blocks near award
Liberia watchdogs question Oranto Petroleum’s return to offshore blocks, urging tougher vetting as Arthur Eze-linked deals move toward new contracts.