Billionaire Aliko Dangote says refinery could pursue U.S. secondary listing
Billionaire Aliko Dangote says his refinery could pursue a U.S. secondary listing in about three to four years after establishing a public trading record in Nigeria.
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Billionaire Aliko Dangote says his refinery could pursue a U.S. secondary listing in about three to four years after establishing a public trading record in Nigeria.
Billionaire Patrice Motsepe’s phosphate mine is under pressure as Kropz restructures its Elandsfontein operation after $160 million of investment.
Samuel Dossou-Aworet's stakes in Seplat and Aradel are worth $1.43 billion, built by a Benin-born engineer who once ran Gabon's oil sector.
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.
Forbes' daily ranking on Sept. 1 puts Aliko Dangote at $31.4 billion and Nathan Kirsh second at $19.2 billion, ahead of Johann Rupert.
Morocco has a new billionaire in SGTM chairman M'hammed Kabbaj, whose 22.2 million shares in the construction group are worth $1.72 billion.
Afriland First Bank RDC has negative equity of $116.9 million four years after Paul Fokam Kammogne's group was pushed out by regulators.
Aliko Dangote will leave a third of his fortune to charity. That is $11.6 billion today, before his refinery reaches the market.
Telecel Group, the pan-African operator co-founded by Moh Damush, has bid for TalkTalk's UK wholesale arm in a deal worth up to £450 million.
France's Parquet National Financier has sent prosecutors to Mauritius to personally question Mamy Ravatomanga as his legal troubles continue to expand across Madagascar, Mauritius and France.
He built his family's plantation roots into a $1.2 billion palm oil and rubber empire, then turned his ambition toward Ivory Coast's presidency. T
Egyptian billionaire Naguib Sawiris has met Syria's new president in Damascus as he seeks to resolve outstanding financial claims in the country.
Egyptian billionaire Nassef Sawiris has launched an unsolicited all-cash offer of EUR 4.10 per share to take nitrogen producer OCI Global private and end a prolonged corporate impasse.
Zimbabwean businessman Wicknell Chivayo has dropped $8.7m on a SAOTA-designed Clifton mansion, his most striking real estate move yet.
Jean Kacou Diagou's NSIA Banque Côte d'Ivoire has signed a €30 million facility with British International Investment to expand SME lending across the country.
ExecuJet Africa is moving into ultra-long-range aircraft management, evaluating the Gulfstream G550 and Dassault Falcon 7X as demand from Africa's wealthy clients accelerates.