8 Nigerian multimillionaires who made a fortune in mining
After years of chaos and foreign plunder, Nigeria’s mines are stirring. Legit operators are turning gold, lithium and iron into fortunes as a long-overdue cleanup begins.
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Nigerian oil mogul Wale Tinubu’s Oando turns to mining with lithium exploration in Kebbi
Wale Tinubu’s Oando Plc is expanding beyond oil, launching Oando Mining to explore lithium in Kebbi and other key minerals for Nigeria’s clean energy future.
Multimillionaire Habib Kagimu backs farms and tourism, not oil, to power Uganda’s economy
Ugandan businessman and honorary consul Habib Kagimu argues the country’s most reliable growth lies in agriculture, tourism and tech—while oil remains optional upside.
Safaricom, led by Peter Ndegwa, unveils $232 million plan to overhaul Kenya’s education
Safaricom rolls out a $232 million plan to modernize education across Kenya with digital tools and training.
Meet Nigeria’s young real estate multimillionaires
Across Nigeria, a new generation of real estate developers is turning concrete and land into the country’s next fortunes.
Aliko Dangote’s Dangote Cement, Karl Toriola-led MTN Nigeria eye N1 trillion profit
Dangote Cement and MTN Nigeria are in a tight race to become the first Nigerian company to hit a record N1 trillion profit in 2025.
Zimbabwean businessman Lovemore Kurotwi loses $3.6 million court battle
Zimbabwean businessman Lovemore Kurotwi loses Supreme Court appeal over $3.6 million Canadile Miners funds.
Egyptian billionaire Hisham Talaat Moustafa launches new Four Seasons hotel in Giza
TMG starts work on a new Four Seasons in Giza, adding another luxury asset near the Grand Egyptian Museum as Egypt targets higher-value visitors.
MTN Nigeria posts $518 million profit under Karl Toriola in 9M 2025
The return to profit reflects improved market conditions in Nigeria, where the naira has strengthened, inflation pressures have eased and foreign exchange liquidity has improved.
Nigeria’s second-richest man gifts $250,000 lecture theatre to Adamawa University
Billionaire Abdul Samad Rabiu, founder of ASR Africa and chairman of BUA Group, has funded a 500-seat lecture theatre at Adamawa State University for ₦350 million (US$241,379), extending his structured philanthropy in Nigeria’s tertiary sector.
Nigerian oil tycoon Tein Jack-Rich urges Africa to bankroll its own energy future
Nigerian oil executive Tein Jack-Rich has called for African governments and investors to use the continent’s gas reserves, demographics and market size to build an energy system that is less exposed to foreign capital and imported fuel.
Nigerian businessman Ladi Jadesimi gains $29 million from Aradel stake
Ladi Jadesimi’s stake in Aradel Holdings rises by $29 million as shares surge nearly 31% on the Nigerian Exchange over 10 months.
Aliko Dangote’s refinery pledges steady fuel supply as output tops demand
Dangote refinery lifts output above demand and pledges stable petrol and diesel prices across Nigeria.
Sim Tshabalala-led Standard Bank expands in Angola, eyes global markets
Standard Bank secures JPMorgan approval in Angola, boosting cross-border trade access and expanding global reach.
Kenyan industrialist and Pwani Oil founder, Naresh Malde, dies at 74
Naresh Malde, the Kenyan industrialist who built Pwani Oil into one of East Africa’s most trusted homegrown brands, has died in Mombasa at 74.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods doubles nine-month profit to $283 million
BUA Foods, led by billionaire Abdul Samad Rabiu, doubles nine-month profit to $283 million on rising sales and cost control.