Tanzanian tycoon Edha Nahdi's Bamburi Cement signs $250 million clinker plant deal in Kenya
Edha Nahdi’s Bamburi Cement signed a $250 million EPC deal with China’s Sinoma to build a 1.6m-tonne clinker plant on Kenya’s coast, manufacturing boost.
Latest
Egyptian billionaire Naguib Sawiris aims to manage three airports
Egyptian billionaire Naguib Sawiris plans to bid for managing up to three airports as Egypt opens the sector to private operators.
Ghanaian businessman Joseph Siaw Agyepong hands over 2,500-seat church
Ghanaian businessman Joseph Siaw Agyepong hands over a 2,500-seat church complex to the Church of Pentecost in Accra.
Nigerian billionaire Abdul Samad Rabiu's BUA Foods nears sugar complex completion
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods nears completion of the country’s largest integrated sugar plant.
Yomi Jemibewon’s CardinalStone seeks $120 million for West Africa SME push
CardinalStone Capital Advisers is raising a $120 million fund to back West African SMEs, led by co-founder and investor Yomi Jemibewon.
Austrian tycoon Andreas Sohmen-Pao's BW Energy acquires stakes in Angolan oil blocks for $310 million
BW Energy, led by chairman-owner Andreas Sohmen-Pao, is buying stakes in Chevron-run Block 14 and 14K offshore Angola in a $310 million deal.
South African billionaire Patrice Motsepe net worth climbs to $3.7 billion
Patrice Motsepe’s net worth rises to $3.7 billion as gains in Harmony Gold and African Rainbow Minerals lift his fortune.
The richest woman on the Nigerian Stock Exchange, Awele Elumelu, becomes chairperson of Transcorp Hotels
Transcorp Hotels appointed Dr. Awele Vivien Elumelu as board chair from Jan. 1, 2026, replacing Emmanuel Nnorom, the company said.
Nigerian-Lebanese billionaire Gilbert Chagoury’s Eko Atlantic fuels surge in Lagos luxury property sales
Eko Atlantic, developed by Gilbert Chagoury’s group, leads Lagos luxury property sales with nearly 60 percent growth.
Egyptian tycoon Hassan Allam's firm wins $250 million Afreximbank headquarters contract
Hassan Allam Construction secures a $250 million deal to build Afreximbank’s new global headquarters in Egypt’s capital.
Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless to delist, spin off towers to VFEX
Econet Wireless will quit Zimbabwe’s main bourse, spin off its towers and list the assets on the VFEX as Strive Masiyiwa seeks fairer value.
Evan Rice’s Etana Energy signs 20-year wind power purchase from Western Cape wind farms
Etana Energy, led by Evan Rice, signs 20-year deal to buy wind power from Western Cape farms, cutting 600,000 tons of CO₂ annually.
Nigeria's richest woman Folorunsho Alakija donates $23 million hospital to university
Folorunsho Alakija donated a N34 billion, 250-bed hospital to UNIOSUN, as Osinbajo urged Nigeria to curb medical tourism and train doctors at home.
Egyptian billionaire El-Sewedy family’s group plans $500 million investment in Saudi Arabia, Qatar
Egypt’s El-Sewedy Electric plans $500 million investment in Saudi Arabia and Qatar to expand factories and power infrastructure.
1,706 employees of Nigerian billionaire Abdul Samad Rabiu now $20.7 million richer
1,706 BUA Group employees receive $20.7 million in cash awards at the annual BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites.
Dangote presses regulators, urges probe of NMDPRA chief over $5 million Swiss tuition
Aliko Dangote criticizes fuel imports, calls for transparency in Nigeria’s refinery sector and urges probe of NMDPRA chief over $5 million Swiss tuition.