Nigerian billionaire Femi Otedola warns depot owners as Dangote Refinery reshapes fuel supply
Nigerian billionaire Femi Otedola backs Dangote Refinery, urges depot owners to adapt as $20 billion project transforms Nigeria’s fuel supply chain.
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Gabon’s richest man Christian Kerangall loses fight as court clears BGFI Holding IPO
A Gabon court ruled against Christian Kerangall’s shareholder challenge, clearing BGFI Holding’s path to resume its stalled stock market listing in Douala.
Black female venture capitalist Arian Simone launches Fearless Global Initiative at UNGA to unite leaders for economic inclusion
Fearless Fund’s Arian Simone debuts FGI at UNGA, spotlighting its work investing in women-of-color founders with early-stage, growth potential and proven impact.
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant
Sawiris family eyes bold merger of OCI Global and Orascom Construction, creating a global infrastructure and investment powerhouse anchored in Abu Dhabi.
South Africa’s second-richest man, Nicky Oppenheimer, is $1.75 billion richer so far in 2025
South African billionaire Nicky Oppenheimer grows his fortune to $13.3 billion after a $1.75 billion gain in 2025.
Nigerian aviation mogul Allen Onyema's Air Peace to create 50,000 jobs with new MRO facility
Allen Onyema’s Air Peace begins Lagos MRO project, set to generate 50,000 jobs and boost Nigeria’s aviation industry.
South African mining tycoon Mike Teke sees strong long-term coal demand despite energy transition
Mike Teke of Seriti maintains coal demand won’t fade, leaning on efficiency, cost-plus deals, and exporting amid energy-transition pressures.
King Mohammed VI unveils $557 million upgrades at Casablanca Port to boost Morocco’s global standing
King Mohammed VI opened a sweeping set of projects at Casablanca Port, part of Morocco’s push to elevate the city as Africa’s commercial and tourism hub.
Mauritian conglomerate CIEL led by Arnaud Dalais launches $31 million sustainability-linked bond
Mauritian conglomerate CIEL raises US$31 million through a sustainability-linked bond under Arnaud Dalais, targeting women empowerment, emissions and water use reductions.
Shoprite Nigeria’s big-store model no longer sustainable under Tayo Amusan’s Ketron
Shoprite Nigeria, under Ketron, is revamping operations, focusing on smaller stores and local supply chains to better serve Nigeria’s market.
British-Nigerian entrepreneur Ladi Delano leads Moove on path to $2 billion
Moove, led by Ladi Delano, targets $2 billion valuation, expanding mobility financing across Africa, the U.S., and Latin America.
South African tycoon Giovanni Ravazzotti loses $67 million from Italtile stake
South African businessman Giovanni Ravazzotti’s Italtile stake drops $67 million amid weaker consumer demand and JSE pressures.
Africa’s richest man, Aliko Dangote, plans electric trucks for fuel distribution
Dangote said the next phase of the company’s plan is the adoption of electric trucks, beginning early next year.
Malawi billionaire Hitesh Anadkat’s FMB stake tops $1.2 billion
Malawian billionaire Hitesh Anadkat’s FMB stake climbs to $1.22 billion amid regional banking growth.
Franco-Lebanese businessman Hayssam El Jammal invests $150 million in Cameroon
Franco-Lebanese businessman Hayssam El Jammal is investing $150 million to boost aluminum and steel output in Cameroon and cut reliance on imports.
South African exec. Gary Nagle-led Glencore targets Chevron’s Singapore refinery stake
Glencore and Vitol prepare bids for Chevron’s $1 billion Singapore refinery stake as U.S. oil giant trims Asian assets.