Senegalese financier Ibrahim Sagna joins Africa-Gulf council after Silverbacks’ 10th exit
Senegalese financier Ibrahim Sagna joins the Africa-Gulf council weeks after Silverbacks’ 10th exit, expanding his role in cross-border investment.
Latest
Dangote Refinery IPO could push Nigeria’s stock market over $140 billion
Aliko Dangote’s $20 billion refinery IPO may push Nigeria’s stock market above $140 billion, opening shares to local and global investors.
Moroccan tycoon Mohamed Hassan Bensalah sells biscuit manufacturer Biscoland sold to Spain’s Adam Foods
Adam Foods has bought Biscoland, the 2023 Holmarcom biscuit and chocolate venture, taking over a modern Casablanca area factory and its local brands.
Lakshmi Mittal reopens South Africa exit talks as state lender weighs takeover of ArcelorMittal unit
Lakshmi Mittal has reopened talks with South Africa’s IDC on a potential takeover of ArcelorMittal’s local steel unit after earlier talks collapsed.
Tanzanian billionaire Edha Nahdi's Amsons Group to inject $201.7 million into East Africa Portland Cement in bid to quadruple output
Amsons Group will inject Sh25.8bn ($201.7m) into East Africa Portland Cement, aiming to lift output to 4 million tonnes within three years.
Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
Two years after buying Nigerian billionaire Ogunlesi’s GIP, BlackRock hits $14 trillion
Two years after acquiring Adebayo Ogunlesi’s GIP, BlackRock reaches $14 trillion in assets, driven by record inflows and ETF demand.
Cameroonian President Paul Biya leans on billionaire Baba Danpullo to restart talks with rival Tchiroma after disputed election
Cameroon’s leadership is leaning on tycoon Baba Danpullo to quietly reconnect President Paul Biya with rival Issa Tchiroma Bakary.
Senegalese billionaire Yerim Sow launches LYNEA as Teyliom expands Dakar housing push
Yerim Sow’s Teyliom Properties has launched LYNEA and is pushing ahead with more Senegal housing projects aimed at families and diaspora investors.
Saudi-Ethiopian billionaire Mohammed Al Amoudi lines up $80 million IFC loan for Sheraton Addis refurbishment
IFC is weighing an $80m loan to refurbish Sheraton Addis, backing Mohammed Al Amoudi’s MIDROC as Ethiopia pushes conference tourism.
Moroccan multimillionaire Chakib Alj looks to acquire struggling flour miller Forafric
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.
MTN, led by Zimbabwean executive Ralph Mupita, drawn into Iran shutdown
MTN, led by Zimbabwean executive Ralph Mupita, is caught in Iran’s internet shutdown after officials replaced its local chief without notice.
Nigerian billionaire Arthur Eze’s Atlas Oranto cites $45 million investment before Senegal license loss
Atlas Oranto spent $45 million on Senegal exploration and staff training before the government revoked its offshore license.
Kenyan businessman Ahmed Hashi's Hashi Energy loses bid to introduce new evidence in $55.7 million tax case
Kenyan fuel trader Hashi Energy lost a bid to add new evidence in its $55.7 million tax dispute with Kenya’s revenue authority.
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
Shoprite, partly owned by Christo Wiese, hits 100th solar site, seeks new partners
Shoprite reaches its 100th solar site in South Africa, boosting renewable power while seeking new energy wheeling partners.