Nigeria courts private-sector support for innovation as minister meets billionaire Arthur Eze
Nigeria’s innovation minister wants business leaders at the table, betting new partnerships can turn research into factories, jobs and exports.
Central and West Africa
Nigerian investor Michael J. Prest challenges Bank of Zambia over Investrust liquidation
Michael J. Prest’s BONI Global says a settled Investrust share purchase was later denied, leaving investors asking what protections exist in Zambia.
Cameroon pauses move to seize MTN Mobile Money pool funds in case linked to Baba Danpullo
Cameroon has paused a recovery effort aimed at MTN’s Mobile Money pool account at Afriland, easing pressure in the Danpullo-linked dispute.
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.
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.
Africa’s richest man Aliko Dangote pledges 25 percent of wealth to foundation
Aliko Dangote pledges 25 percent of his $30 billion wealth to fund education, health, and economic programs across Africa.
Ghanaian entrepreneur Beatrice Mensah-Tayui to pay $17 million for oil block in Guyana
Mensah-Tayui's Cybele Energy has clinched Guyana’s shallow-water Block S7, becoming the first African explorer to secure offshore acreage in the booming oil state.
Nigerian billionaire TY Danjuma launches Lagos logistics hub to speed movement of goods across West Africa
Former defense minister Theophilus Danjuma has launched TY Logistics Park in Lagos, a grade-A hub meant to speed goods across West Africa.
Nigerian beverage mogul Adegunwa says investing in education pays the best dividends
At Summit University’s convocation, Chancellor Sulaiman Adegunwa says every naira put into quality learning yields returns Nigeria can’t afford to ignore.
CFO of the Year Sam Nwanze of Heirs Energies on billion-dollar risks, resilience and African energy finance
Sam Nwanze reflects on the high-stakes decisions, crises and philosophy of Africapitalism that shaped his rise to CFO of the Year in African energy.
How This Nigerian Couple Turned 50 Bags of Cement Into a Multi-Million-Dollar Retail, Logistics, and Oil Empire
Twinsfaja Group began with just 50 bags of cement on credit and a single motorcycle for deliveries. Today, Taiye and Kemi Fajana run a multi-million-dollar retail, logistics and oil empire across Lagos, Ogun and Kwara.
Burkina Faso’s Idrissa Nassa rebrands TotalEnergies unit as Barka Energies in landmark acquisition
Idrissa Nassa’s Coris Invest Group has rebranded TotalEnergies Burkina as Barka Energies, turning a global asset into a fully Burkinabè fuel operator.
20 businesses and investments owned by Mr Eazi
From emPawa to mobile-money fintech and Rwandan housing estates, Mr Eazi has quietly built a diversified portfolio far beyond the afrobeats charts.
Nestoil founder Ernest Azudialu-Obiejesi faces fresh pressure as appeal stalls over who speaks for company
A court battle over who represents Nestoil delays an appeal, keeping Ernest Azudialu-Obiejesi’s accounts frozen and OML 42 stake in receivership.
Nigerian billionaire Abdul Samad Rabiu orders Bombardier Global 8000 business jet
Abdul Samad Rabiu’s BUA Group adds a Bombardier Global 8000 to its fleet, signalling fresh expansion bets from Lagos to Dubai.
How Adeniji Adeyemi built Starlink Global & Ideal Ltd, Nigeria’s $550 million non-oil export giant
From a one-room cocoa shop to a $550 million export engine, Adeniji Adeyemi’s Starlink Global & Ideal Ltd is redefining non-oil success in Nigeria.