Aliko Dangote rejects NNPC bid to raise its stake in 20-billion-dollar Lekki refinery
Aliko Dangote has turned down NNPC's bid to lift its 7.25% stake in his $20 billion Lekki refinery, planning a public listing instead.
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Angolan banker Alvaro Sobrinho is back under scrutiny in Portugal over billions that vanished from BES Angola
CNN Portugal has renewed focus on Alvaro Sobrinho and the disappearance of billions from BES Angola, reviving scrutiny of one of Lusophone Africa's biggest financial scandals.
Nigerian billionaire Abdul Samad Rabiu says Africa is protecting the wrong people and his Mali sugar deal proves it
BUA Group chairman Abdul Samad Rabiu says African governments are protecting rent-seekers over producers, using a blocked Mali sugar deal as his evidence.
Nigerian tycoon Arthur Eze's Oranto Petroleum loses another block as Uganda rejects permit renewals over lack of work
Arthur Eze's Oranto Petroleum has lost block B3 in South Sudan after Juba refused to renew the permit over a lack of mandatory work on the site.
Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Africa CDC and Stephen Saad's Aspen strike talks on a plan to end Africa's vaccine import dependency
Africa CDC and Aspen Pharmacare announced advanced talks on a long-term vaccine supply framework on the sidelines of the Africa Forward Summit in Nairobi.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
Tanzania's richest man Mohammed Dewji plans $50 million Mombasa plant to take on Coca-Cola in Kenya
Mohammed Dewji's MeTL Group plans a Sh6.5 billion ($50 million) soft drinks factory in Mombasa to sell Mo Cola at Sh15 a bottle, directly challenging Coca-Cola's dominance in East Africa's biggest economy.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Norway's sovereign wealth fund acquires 5% stake in South African billionaire Patrice Motsepe's ARM
Norges Bank, manager of Norway's $1.8 trillion sovereign wealth fund, has disclosed a 5.02% stake worth approximately R3 billion in Patrice Motsepe's African Rainbow Minerals.
Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Femi Otedola has spent N43.4 billion buying 549.5 million more FirstHoldCo shares, lifting his total stake to 19.36% in his biggest single purchase since becoming chairman in January 2024.
Idrissa Nassa's Coris Holding joins a $430 billion banking coalition targeting Africa's $50 billion agricultural trade gap
Idrissa Nassa's Coris Holding has joined a 17-institution coalition targeting a $50 billion gap in African agricultural trade financing at the Nairobi summit.
Alexx Ekubo built one of Nollywood's most commercially savvy careers. He died at 40 before anyone knew he was sick
Alexx Ekubo, one of Nollywood's most recognizable actors and commercially savvy entertainers, has died at 40 after a prolonged battle with liver cancer, leaving the Nigerian entertainment industry in mourning.
Isabel dos Santos was Africa's first female billionaire. Now she is the continent's most wanted businesswoman
Isabel dos Santos was Africa's first female billionaire. Today her assets are frozen across four countries and Interpol has issued a warrant for her arrest.
Billionaire Hisham Talaat Moustafa's TMG posts 24% Q1 profit jump to 110 million dollars
Hisham Talaat Moustafa's TMG posted a 24% Q1 profit rise to EGP 5.5 billion ($110 million) on strong Egyptian and Saudi real estate sales.
The Inside Story: Mombasa Over Tanga — What Dangote’s Refinery Site Pivot Tells Us About East African Political Economy and the Race for the Continental Energy Hub
Aliko Dangote's decision to lean toward Mombasa over Tanzania's Tanga port for a $15-17 billion East African refinery is the public crystallization of a regional political rift building for weeks.