Nigerian lawyer Gbenga Oyebode-led Okomu Oil sees profit double on $118 million revenue
Okomu Oil’s profit more than doubled to $41.1 million as revenue hit $118 million, reflecting strong demand and disciplined management under Gbenga Oyebode.
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South African banker Johan Burger gains $5 million from FirstRand stake
Johan Burger’s FirstRand stake rises by $5 million as the bank’s shares jump over 11% on the JSE, lifting his total holdings to about $24 million.
NCBA, backed by Kenya's richest families, unveils $6 million digital banking
NCBA unveils a $6 million digital platform with Intellect Global to enhance corporate banking and expand its digital reach in Kenya.
Aliko Dangote's refinery gears up to supply 310 million liters of petrol
Dangote refinery prepares 310 million liters of petrol for loading amid soaring fuel prices in Nigeria.
Michael Georgiou exits Accelerate Property Fund after shareholder opposition
Accelerate Property Fund has cut ties with founder Michael Georgiou after 97% of shareholders rejected his return to the board at its annual meeting.
Nigerian cocoa magnate John Alamu taps capital markets to raise $67.5 million for Johnvents expansion
John Alamu is turning to Nigeria’s capital markets to fund the next phase of Johnvents Industries’ cocoa processing and export expansion.
South African mogul Terrence Moolman gains $29 million from Caxton shares
South African media mogul Terrence Moolman gains $29 million as Caxton & CTP shares rise on the Johannesburg Stock Exchange, reflecting renewed investor confidence.
Desterio Oyatsi, the Kenyan lawyer with a $14 million stake in NCBA Group
Kenyan lawyer Desterio Oyatsi’s $14 million NCBA stake highlights his decades of influence in law and business.
Zimbabwean billionaire Strive Masiyiwa’s net worth falls $100 million to $1.2 billion
Zimbabwe’s richest man, Strive Masiyiwa’s fortune drops by $100 million as market slide trims his net worth to $1.2 billion.
Energy investor Kevin Okyere warns Ghana must act as 12 % face food insecurity
As Ghana confronts rising hunger, energy entrepreneur Kevin Okyere urges the private and public sectors to unite in tackling food insecurity, while his foundation supports hundreds of families and spearheads skills-training initiatives.
Madagascar business magnate Mamy Ravamatoga faces arrest as coup shakes elite circle
Mamy Ravatomanga, the power broker behind Madagascar’s ousted president, is facing arrest warrants, financial freezes and investigations in the wake of a military takeover that has upended the country’s elite networks.
Oando, led by oil mogul Wale Tinubu, faces creditor pressure over unpaid debt
Oando, led by Wale Tinubu, faces pressure as Irad Investment demands payment of long-overdue debts for completed energy projects.
Malagasy tycoon Hassanein Hiridjee’s AXIAN acquires solar plant in Zambia
AXIAN Energy, led by Malagasy tycoon Hassanein Hiridjee, acquires Zambia’s Bangweulu Solar Plant to boost clean energy and expand access.
Nigerian tycoon Kessington Adebutu commits $2.7 million to development projects
Nigerian gambling magnate Kessington Adebutu marked his 90th birthday by donating $2.7 million to fund education, health, and infrastructure in Remoland.
Gbenga Oyebode, the business lawyer leading Nigeria’s $660 million palm oil giant
Gbenga Oyebode, co-founder of Aluko & Oyebode, leads Okomu Oil, a $660 million Nigerian palm oil powerhouse.
Ghanaian tycoon Ibrahim Mahama completes $100 Million Azumah Gold acquisition
Ghanaian businessman Ibrahim Mahama cements his position in the mining sector with a $100 million takeover of Azumah Resources