Nigerian tycoon Eruani Azibapu's $1 billion Niger Delta refinery is nearing completion
Azibapu Eruani's Azikel Refinery in Bayelsa is at finishing stage, with capacity redesigned to 25,000 barrels a day and cost near $1 billion.
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Rwanda shuts the alcohol line of Sina Gerard, the tycoon behind Akabanga chilli oil
Rwanda has shut the alcohol section of Sina Gerard's Urwibutso and arrested its production manager. The juice and food lines remain open.
African Wealth Briefing — Mon., Aug. 10, 2026
Egypt's MNT-Halan will list only its Egyptian arm, at up to $1 billion, keeping its Turkish, Pakistani and Gulf businesses private. And Julius Rone is targeting September for the go-ahead on Nigeria's first floating LNG plant — built to capture gas the country has spent decades burning off.
The Inside Story: Why Kate Fotso Deserves Every Bit of Her Moniker as the 'Iron Lady of Cameroonian Cocoa'
For a generation, Kate Fotso ran Cameroon's cocoa trade in partnership with Cargill. In January 2025 she walked away from it. The next season was the worst in her company's history. This one, she took the export lead back.
Deep-Dive Report: Out of Flare — Julius Rone Targets September for Nigeria's First Floating LNG Plant
Julius Rone is targeting September for the go-ahead on Nigeria's first floating LNG plant — a locally-led project designed to capture offshore gas the country has spent decades burning off. The prize is real: turning a wasted resource into export revenue. But so is the risk.
Investor Memo: Mounir Nakhla and MNT-Halan — What Stays Private
Mounir Nakhla plans to float only MNT-Halan's Egyptian arm in Cairo, at up to $1 billion — and keep its faster-growing Turkish, Pakistani and Gulf businesses in private hands, inside a group valued at $1.4 billion in June. The interesting part of the IPO is what he is holding back.
Zimbabwean tycoon Billy Rautenbach's ethanol is blended into the petrol the country sells
Billy Rautenbach ran Congo's state mining company and was sanctioned by the US and EU. He built the plant behind Zimbabwe's fuel blending law.
Rwandan tycoon Hatari Sekoko went from refugee truck driver to owning Kigali's tallest tower
Hatari Sekoko drove trucks as a refugee in Uganda. He now owns Kigali's tallest tower and Rwanda's first Marriott hotel.
Aliko Dangote says acquisitions come next as Goldman Sachs tours his $40 billion refinery
Goldman Sachs International's co-chief executive toured the Lekki refinery on Wednesday, where Aliko Dangote said his next phase will include acquisitions and new investments.
Aliko Dangote eyes 2,000MW power plant and fertiliser complex in Tanzania after $800 million cement bet
Tanzania is courting Aliko Dangote for a 2,000-megawatt power plant, a fertiliser complex and port investments, building on his group's existing $800 million cement presence.
Nigerian politician Abdulaziz Yari's Geregu Power defaults on bond after $750 million takeover
Geregu Power has defaulted on its ₦40.09 billion bond, eight months after Abdulaziz Yari's MA'AM Energy took control in a $750 million deal.
Ivorian tycoon Ahmed Cissé is buying a $180 million stake in the bank he already chairs
Ahmed Cissé has chaired BICICI since 2023. The Ivorian state is now selling him a $180 million stake, at a price nobody will state.
Haitian-born billionaire Herriot Tabuteau sells $10.5 million in Axsome shares before earnings
Herriot Tabuteau sold $10.5 million in Axsome shares on expiring options, days before earnings, and still holds a stake worth $1.6 billion.
Nigerian gas tycoon Julius Rone targets September go-ahead for $3 billion floating LNG plant
Julius Rone is targeting a September investment decision on Nigeria's first floating LNG plant, with one agreement still to be signed.
Kenyan banking multimillionaire Gideon Muriuki wins order blocking his arrest days before plea
A Kenyan judge barred police and prosecutors from arresting Gideon Muriuki, days before the Co-operative Bank chief was due to take plea.