Cell C turns the corner as Blue Label’s Levy brothers steer turnaround
Cell C says its assets now exceed liabilities, a milestone after Blue Label’s Brett and Mark Levy bought in and funded a painful turnaround.
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Globacom donates N1 billion to Lagos security fund as billionaire Adenuga backs safer city push
Globacom donated N1 billion to the Lagos State Security Trust Fund, a major boost tied to founder Mike Adenuga’s long record of big giving.
Nigerian billionaire Femi Otedola says Dangote refinery could expand to 1.4 million barrels a day as output ramps up
Femi Otedola toured the Dangote refinery and said capacity could expand to 1.4 million barrels a day, calling the project “history made.”
Meya Mining lands $25 million Ecobank facility as Trustco backs ramp up in Sierra Leone diamonds
Meya Mining secured a $25 million Ecobank facility that Trustco says will fund new equipment and speed diamond output in Sierra Leone.
Report says Jeffrey Epstein explored Nigeria oil trade, then walked away over fraud fears
A report says Jeffrey Epstein explored a Nigerian crude deal in 2010 but pulled back, telling an associate he feared being defrauded.
Inside Jay-Z and Beyoncé’s $3.5 billion fortune: the companies they own and what each one does
A listicle breakdown of what Jay Z and Beyonce own today, what each asset does, how Forbes values them, and how the money is spread.
Michael Jordan’s $10 million gift boosts Wilmington hospital as free clinics grow
Michael Jordan’s gifts are changing care in Wilmington, funding free clinics for the uninsured and new neuroscience investment at the region’s main hospital.
Tony Elumelu says Tinubu wants faster power reforms and bigger support for young entrepreneurs
Tony Elumelu says President Bola Tinubu pledged faster power reforms and stronger support for entrepreneurs as Nigeria works to steady the economy.
Vista, led by billionaire Robert F. Smith, explores $1B-plus AlertMedia sale
Vista Equity has started exploring a possible $1 billion plus sale of AlertMedia, a Texas crisis messaging firm with big brand customers.
IFC eyes $8 million stake in Adesuwa Okunbo Rhodes’ Aruwa Capital SME fund
IFC is weighing an $8 million stake in Aruwa Capital Fund II, boosting Adesuwa Okunbo Rhodes’ push to finance women focused SMEs in West Africa.
Nigerian oil tycoon Tunde J. Afolabi's Amni Petroleum in trouble over $15 million debt
A Lagos court appointed an administrator over Amni Petroleum assets in a debt dispute, a move the company says is being challenged.
Burkinabe finance tycoon Simon Tiemtore completes acquisition of Saham Assurances Niger
Vista Group says it has bought Saham Assurances Niger and will relaunch it under the Vista name as it builds a West African insurance network.
Billionaire Femi Otedola predicts stronger naira as Dangote Refinery reaches full capacity
Investor Femi Otedola believes the naira may strengthen significantly as Dangote Refinery’s full-scale operations reduce fuel imports and ease forex pressure
Sheikh Tahnoon bin Zayed-backed belton acquires Baobab in €197.6 million Africa expansion push
Beltone, backed by Sheikh Tahnoon bin Zayed’s Chimera, bought Baobab Group for €197.6 million to expand across Africa.
SIFAX Chairman Taiwo Afolabi drives ports and cargo turnaround after strategic reset
SIFAX Chairman Taiwo Afolabi has steered Ports and Cargo back to growth after restructuring stevedoring operations and refocusing on general cargo.
INOXGFL Director Devansh Jain announces Skypower Services acquisition, targets 2.5 GW Africa solar
Inox Clean and RJ Corp form joint venture to acquire Skypower Services MENA and target 2.5 GW renewable capacity in Africa.