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.
Central and West Africa
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.
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.
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.
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.
Nigerian tycoon Ernest Azudialu-Obiejesi in pains as as receiver retakes Nestoil tower over $1 billion debt
Ernest Azudialu-Obiejesi is locked in a $1bn debt fight as Nigeria’s Court of Appeal backs lenders and a receiver’s return to Nestoil Tower.
Dangote Refinery to pump 1.5 billion litres of petrol monthly to steady Nigeria’s fuel supply
Dangote Refinery says it will pump 1.5 billion litres of petrol a month from December to keep Nigeria wet through the holidays.
Nigerian businessman Bassim Haidar snaps up One Hyde Park flat for £42 million
Reform UK backer Bassim Haidar buys cut-price One Hyde Park flat tied to bankrupt Hong Kong tycoon, betting on a long-term rebound in prime London.
Ghanaian Pharma multimillionaire Kofi Nsiah-Poku elected president of AGI
Kinapharma chief Kofi Nsiah-Poku wins AGI presidency, succeeding Humphrey Ayim-Darke and promising tougher advocacy on power reliability, export growth and policy reforms for manufacturers.
ACEP warns Ghana against buying Springfield stake, putting spotlight on Kevin Okyere
ACEP urges Ghana to shelve a state purchase of Springfield’s oil stake, warning taxpayers could inherit private risk as scrutiny grows on owner Kevin Okyere.
Dangote taps Saipem, EIL and others for $2.5 billion fertilizer expansion
Aliko Dangote is expanding fertilizer capacity in Nigeria and Ethiopia, contracting global engineering firms to boost urea output and strengthen Africa’s food supply.
Tony Elumelu’s Heirs Energies doubles gas output at OML 17
Tony Elumelu’s Heirs Energies has doubled gas production at OML 17, boosting electricity to over 350MW and reshaping Nigeria’s power market.
Nigerian billionaire Indimi bets $315 million on new offshore vessel to lift oil output
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.