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
Central and West Africa
Billionaire Jean-Louis Billon bets palm oil fortune on Ivory Coast presidency
Jean-Louis Billon, heir to a $1.2 billion palm oil empire, is positioning himself as the face of a new generation in Ivorian politics.
Nigerian auto magnate Innocent Chukwuma to build CNG vehicle plant in Bayelsa
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.
Africa's richest man Aliko Dangote launches $160 million Côte d’Ivoire plant
Nigerian industrial giant Dangote Cement has inaugurated a major plant near Abidjan, promising local jobs, affordable cement, and regional growth.
Nigerian-Lebanese tycoon Bassim Haidar plans $365 million IPO in South Africa with AI Fintech Optasia
Bassim Haidar is betting big on African fintech, planning South Africa’s largest IPO of 2025 to fund Optasia’s global expansion.
Cameroon’s richest man to pocket tiny dividend from cotton producer Sodecoton
Sodecoton okays a 500 million CFA ($810,000) dividend as Cameroon lifts its stake to 89%, leaving Baba Ahmadou Danpullo’s SMIC with 11% and steady cashflows.
Tetracore Energy Group expands board, welcomes Oscar Onyema, Aisha Balewa, and Ayodele Oni to strengthen vision for Africa’s energy future
Tetracore Energy Group has appointed Oscar N. Onyema OON, Aisha Balewa Abubakar, and Dr. Ayodele Oni to its Board of Directors.
Nigerian billionaire Kunle Soname’s ValueJet makes historic first flight from Ogun’s new Gateway Airport
Kunle Soname’s ValueJet operated the first commercial flight from Ogun’s Gateway International Airport on February 26, 2024, marking a step for private aviation.
Tetracore Energy Group announces the appointment of Dayo Williams to Managing Director, subsidiaries
Tetracore Energy Group has appointed Mr. Dayo Williams as Managing Director of its subsidiaries, reinforcing the Group’s commitment to leadership excellence and innovation in Africa’s energy sector. With
Nigerian billionaire TY Danjuma's family office trims loss in 2024, keeps $114 million asset base
Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Africa's richest man breaks ground on $2.5 billion fertiliser plant in Ethiopia
Aliko Dangote launches a $2.5 billion fertiliser complex in Ethiopia, aiming to transform agriculture, boost food security, and drive Africa’s industrialisation.
Flutterwave’s GB Agboola bets on stablecoins to power Africa’s next fintech boom
Flutterwave CEO Olugbenga “GB” Agboola unveils a strategy to make stablecoins central to Africa’s payment future, linking it to the continent’s youth-driven fintech boom.
Nigerian oilman Wale Tinubu gets lifetime award at Africa Energy Week as local champions gain spotlight
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Nigerian gas tycoon Julius Rone nears FID on $5 billion FLNG project with Vitol as key buyer
At Africa Energy Week 2025 in Cape Town, Rone confirmed the $5 billion FLNG project is nearing FID, with Vitol and Seplat on board.
Nigerian multimillionaire oil trader Mustapha Fasinro’s Linetrale wins NNPC LNG tender
Mustapha Fasinro’s Linetrale secures LNG cargoes from NNPC, signaling a rare breakthrough for a Nigerian firm in the international gas market.