Aliko Dangote seeks Sassou Nguesso’s support for Congo potash project
Aliko Dangote has approached Congo’s president about backing a potash mining project as he looks to secure fertiliser inputs regionally.
Latest
Discovery’s Adrian Gore warns South Africa: don’t squander the green shoots
Adrian Gore says South Africa is finally seeing green shoots, but warns careless policy moves and weak execution could waste a rare reform window.
Richer than ever: Patrice Motsepe’s net worth hits $4.3 billion as gold tops $5,100
South African billionaire Patrice Motsepe climbs to $4.3 billion as gold soars past $5,100, lifting his mining fortune.
Orascom Construction, led by Egypt’s richest family, gains backing for OCI deal
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Kenyan tycoon John Kimani's Kakuzi wins Supreme Court reprieve in land case
Kakuzi Plc, partly owned by John Kimani, wins temporary Supreme Court reprieve in a long-running land dispute affecting operations.
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.
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.