Belgian SIAT invests $100 million in Nigerian tycoon Rasheed Sarumi-led Presco
Belgian SIAT invests $100 million in Presco to expand Nigeria’s palm oil production and boost Edo State’s economy.
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Nigerian billionaire Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
Tony Elumelu’s HH Capital lifts Transcorp Power stake with $201,000 share buy
HH Capital, tied to billionaire Tony Elumelu, snapped up more than 1 million Transcorp Power shares in a fresh insider deal on the Nigerian Exchange.
Nigerian businessman Emeka Offor gets respite in $111 million loan fight in London
A London court has pressed pause on a $111 million loan fight, handing Nigerian tycoon Emeka Offor rare breathing room in a long-running saga.
South African tycoon Barry Swartzberg's Discovery stake falls by $15 million
Barry Swartzberg’s Discovery stake falls $15 million as weak sentiment hits JSE financial stocks, thus cutting the insurer’s market capitalization.
Egyptian billionaire Hisham Talaat Moustafa plans $5 billion Oman projects
Hisham Talaat Moustafa’s TMG launches $5 billion Oman projects with 15,000 residential units, hotels, and coastal amenities.
South African banker Gerrie Fourie joins STADIO five months after Capitec exit
Gerrie Fourie, former Capitec CEO, becomes STADIO board director to boost student access nationwide.
Kenyan tycoon Ronald Karauri’s SportPesa backs local boxing again
SportPesa, led by Ronald Karauri, renews support for Kenyan boxing, backing local fighters and grassroots programs after six years away.
Nigerian magnate Aderemi Makanjuola’s Caverton unveils Nigeria’s first electric ferry
Caverton unveils Nigeria’s first electric ferry as Aderemi Makanjuola expands the group’s clean-energy push on Lagos waterways.
Nigerian billionaire Abdulsamad Rabiu’s BUA Group to build 40tph feed mill in Kano
BUA Group founder Abdulsamad Rabiu has signed a deal with Turkey’s Viteral to build a 40TPH feed mill in Kano, targeting Nigeria’s livestock deficit.
Canadian mining billionaire Robert Friedland fires up Africa’s biggest copper smelter at Kamoa-Kakula
Billionaire mine financier Robert Friedland has lit the first flame at Kamoa-Kakula, launching Africa’s largest copper smelter in the Democratic Republic of Congo.
Nigerian billionaire Muhammadu Indimi donates $1.3 million to University of Maiduguri
Oil and gas billionaire Muhammadu Indimi has pledged ₦2 billion to the University of Maiduguri, anchoring a new endowment drive in Nigeria’s northeast.
Seplat, co-founded by Austin Avuru, completes key offshore gas upgrade
Seplat, co-founded by Austin Avuru, boosts offshore output after completing its key Inlet Gas Exchanger upgrade in OML 67.
South African billionaire Johann Rupert’s Remgro to take full Mediclinic control
Johann Rupert’s Remgro plans a major restructuring to gain full control of Mediclinic Southern Africa.
Idrissa Nassa's Coris Bank gets $11.6 million investment from Dutch lender to support expansion
Coris Bank, led by Idrissa Nassa, secures $11.6 million from Dutch lender FMO to fund WAEMU expansion, strengthen digital banking, and boost lending capacity.
Nigerian billionaire Femi Otedola’s First HoldCo joins Microsoft to expand innovation in Africa
Femi Otedola’s First HoldCo partners with Microsoft to expand innovation and technology solutions across Nigeria and Africa.