Tanzanian billionaire Rostam Aziz nears $130 million LPG terminal completion
This reflects a major step in his effort to expand LPG supply across East Africa while easing long-standing pressure on the region’s energy infrastructure.
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Aspen founder Stephen Saad wants Canada to be the proving ground for generic semaglutide, as competitors race regulators and supply constraints.
7 African billionaires who invested $100 million or more in Africa over the last two years
Africa’s richest investors are back in build mode, writing nine figure cheques for refineries, cement, power, AI infrastructure and gold.
$352 million NCBA stake held by two of Kenya’s richest families in focus after Nedbank bid
$352 million NCBA stake held by Kenya’s Kenyatta and Ndegwa families draws attention after Nedbank’s $856 million takeover offer.
Nigerian oilman Wale Tinubu predicts electric vehicles could make up half of country’s fleet within 20 years
Oando chief Wale Tinubu predicts electric vehicles could reach half of Nigeria’s fleet within 20 years as costs drop.
Olakunle Williams' Tetracore Energy Group scales gas infrastructure, delivers measured growth
Tetracore Energy Group, led by Dr. Olakunle Williams, scales Nigeria’s CNG infrastructure as Atakobo throughput rises from 3.1 to 7.64 MMSCFD, supplying major industries including Dangote.
Kenyan businessman Peter Muthoka sells his cargo handling company for $40.1 million
Kenya cleared Celebi’s purchase of a JKIA cargo handler in a $40.1 million deal that reshapes Nairobi’s freight business.
Nedbank offers $856 million for control of Kenya’s NCBA as big shareholders line up for payout
Nedbank offers $856 million for control of Kenya’s NCBA, signaling a regional banking shakeup and a likely payday for top shareholders.
Abdul Samad Rabiu’s BUA Cement plans 20 million-tonne capacity with $240 million expansion
Abdul Samad Rabiu’s BUA Cement plans a $240 million expansion to lift production capacity to 20 million tonnes within 20 months.
Seplat begins ANOH gas production weeks after Tony Elumelu’s Heirs Energies takes $500 million stake
Seplat Energy begins ANOH gas production, increasing Nigeria’s gas supply and supporting industrial and domestic energy needs.
Alex Karp’s Palantir lands multimillion-dollar AI deal with South Korea’s HD Hyundai
Alex Karp’s Palantir signs a multimillion-dollar AI agreement with HD Hyundai, extending a partnership that has helped speed shipbuilding by 30 percent.
Kenyan billionaire Rasik Kantaria's FMB Capital stake slips below $1 billion
Kenyan billionaire Rasik Kantaria sees FMB Capital stake fall below $1 billion after share gains cool.
South African billionaire Zak Calisto's Karooooo posts $86.1 million in quarterly revenue
Karooooo Says Cartrack Growth Picked Up in Q3 as Recurring Revenue Jumps and Subscriber Adds Hit Record
South African billionaire Koos Bekker loses $200 million amid market pullback
South African billionaire Koos Bekker’s net worth fell by $200 million after a pullback in Naspers and Prosus shares.
Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda
Opaia Motors opens Angola’s only operating vehicle assembly plant in Luanda, promising jobs and local supply chains as leaders seek less reliance on imports.
Nigerian monarch and energy tycoon Obateru Akinruntan plans 200 Obat Oil stations in nationwide expansion
Obat Oil, owned by Nigeria’s Olugbo of Ugbo Kingdom, targets 200 stations, leaning on Apapa tank farms, a jetty and tech upgrades.