Skip to content
São Tomé scrapped its offshore oil auction after only Arthur Eze's Oranto and Petrobras bid, a sign of waning appetite for frontier exploration.
Global Witness alleges First Quantum secretly funded Zambia's ruling party and won $771 million in tax breaks. The Canadian miner rejects the claims entirely.
Bill Gates is in Rwanda to review its health and AI progress, months after his foundation and OpenAI made it the launch site for a pilot.
Saul Saltzman, son of Dis-Chem's billionaire founder Ivan Saltzman, has resigned from the board, loosening the founding family's grip on the retailer.
Fondation H, created by Franco-Malagasy magnate Hassanein Hiridjee, will close its Paris art space in September to refocus on the African continent.
Femi Otedola's First HoldCo overtakes Zenith and GTCO to become Nigeria's most valuable bank — and his stake tops $700 million. Meanwhile Nassef Sawiris' Aston Villa banks a record $157 million, and the continent's fortunes keep working.
In 1989 a Cameroonian banker submitted a doctoral thesis in Bordeaux arguing that Africa's informal economy was not a failure but a financial revolution waiting for its institution. He then spent 36 years building the institution. Last week it opened in one of the least-banked countries on earth.
A record $363 million dividend, a 95% jump in profit, and a bet to become Nigeria's largest food manufacturer by next year. Inside Abdul Samad Rabiu's plan to win the staple-food market on sheer volume.
Aliko Dangote has raised about $2.5 billion privately at a ~$40 billion valuation, days before floating the refinery on the Nigerian Exchange. Last week we called the IPO the hinge of his whole network. This is the hinge turning.
Femi Otedola's First HoldCo has overtaken Zenith and GTCO to become Nigeria's most valuable banking stock, reaching N4.80 trillion.
The Newt, owned by South African billionaire Koos Bekker, has opened a 16-bedroom private estate in Somerset costing from $14,100 a night.
Jay-Z's three-night Yankee Stadium residency drew more than 136,000 fans and is estimated to have generated over $100 million for New York.
Hakeem Belo-Osagie and Tom Ilube have pledged backing for an artificial intelligence centre at the University of Benin's new N100 billion trust fund.
Femi Otedola's First HoldCo posted a pre-tax profit of $474 million in the first half of 2026 as its shares hit a record high.
First HoldCo shares hit a record N105.50 on Monday, lifting Femi Otedola's stake past $700 million after a 120 percent rally this year.
Tyler Perry Studios has signed a multi-year deal with Synapse to build an LED virtual production soundstage on its Atlanta campus by year end.