Seplat, co-founded by Nigerian businessman Austin Avuru, reports $2.73 billion revenue surge
Seplat Energy posted a 144 percent revenue jump to 2.73bn dollars in 2025, boosted by offshore assets and stronger gas output.
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Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ghanaian tycoon Joseph Siaw Agyepong drawn into scrutiny over $130 million Kenyan waste contract
A $130 million Mombasa waste deal tied to Jospong has triggered court petitions and political pressure, putting Joseph Siaw Agyepong in focus.
South African billionaire and CAF President Patrice Motsepe praises Infantino after 10 years as FIFA boss
CAF has praised Gianni Infantino as he marks 10 years leading FIFA, citing his leadership and impact on African and global football.
Tycoon Tony Elumelu leads Transcorp past N1 trillion assets in record 2025 results
Tony Elumelu Transcorp crossed N1 trillion in assets in 2025 as profit surged 44 percent and revenue climbed to N544 billion.
Billionaire Abdul Samad Rabiu's BUA Group takes Nigeria’s food manufacturing drive to Paris
BUA Group spotlights its food manufacturing capacity in Paris, pushing Nigeria’s ambition to shape global food systems and trade
Aliko Dangote swaps luxury lifestyle for bold Nigeria industrial push
Aliko Dangote gave up luxury cars and global homes to focus on building factories and transforming Nigeria’s industrial future
Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
Michael Jordan’s 23XI Racing surges to top of NASCAR standings
Michael Jordan and Denny Hamlin’s 23XI Racing opens 2026 with two wins, fueling championship hopes and growing dominance in NASCAR
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Aliko Dangote unveils plan to turn refinery into industrial powerhouse with massive detergent chemical plant
Aliko Dangote has announced a major petrochemical project that will turn his refinery into an industrial hub and position Nigeria as Africa’s largest supplier of detergent raw materials.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Vista Equity Partners backs SambaNova in $350M AI chip deal
Vista Equity Partners leads $350 million round in AI chipmaker SambaNova as demand rises for inference hardware and Intel signs partnership.