Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
Central and West Africa
6 businesses owned by Nigerian multimillionaire Stanley Uzochukwu
From fuel forecourts to a luxury hotel, Stanley Uzochukwu has built a tightly linked consumer-and-hospitality ecosystem under the Stanel banner
Nigeria's richest woman Folorunsho Alakija donates hospital to Osun State
Nigerian billionaire and philanthropist Folorunsho Alakija donates a new hospital to Osun State, one of the country's less affluent states.
Nduka Obaigbena’s General Hydrocarbons placed in receivership by AMCON amid First Bank loan dispute
AMCON has taken control of Nduka Obaigbena’s General Hydrocarbons, deepening financial troubles that could spill over into his Arise TV and ThisDay holdings.
Senegal’s richest man Yerim Sow to list Bridge Bank on BRVM
Senegalese investor Yérim Sow is preparing an IPO of Côte d’Ivoire’s Bridge Bank Group on the BRVM to fund West African expansion.
Kola Aina's Ventures Platform raises $64 million to back Africa’s next tech giants
Ventures Platform has raised $64 million for its second fund, aiming to back Africa’s next generation of tech startups and drive regional expansion.
The Nigerian prince who quietly built Africa’s biggest private oil empire
Prince Arthur Eze parlayed state TV contracts, military friendships and a royal name into Atlas Oranto, a sprawling African oil empire now under scrutiny from reform-minded governments.
Bassim Haidar’s Optasia stake jumps to $260 million on JSE debut
Optasia rose on its Johannesburg debut after pricing at the top of the range. Founder Bassim Haidar’s BH Holdings owns 19.01% — about 234.8m shares — now valued at roughly R4.55bn ($260m). The AI microfinance firm partners with telcos and banks to deliver small-ticket credit at scale.
Nigeria’s president praises billionaire Femi Otedola on his 63rd birthday
President Bola Ahmed Tinubu sent birthday wishes to Geregu Power chairman Femi Otedola, applauding his “visionary entrepreneurship,” energy-sector investments, and philanthropy in education, healthcare, and youth programs.
8 Nigerian multimillionaires who made a fortune in mining
After years of chaos and foreign plunder, Nigeria’s mines are stirring. Legit operators are turning gold, lithium and iron into fortunes as a long-overdue cleanup begins.
Meet Nigeria’s young real estate multimillionaires
Across Nigeria, a new generation of real estate developers is turning concrete and land into the country’s next fortunes.
Nigeria’s second-richest man gifts $250,000 lecture theatre to Adamawa University
Billionaire Abdul Samad Rabiu, founder of ASR Africa and chairman of BUA Group, has funded a 500-seat lecture theatre at Adamawa State University for ₦350 million (US$241,379), extending his structured philanthropy in Nigeria’s tertiary sector.
Nigerian oil tycoon Tein Jack-Rich urges Africa to bankroll its own energy future
Nigerian oil executive Tein Jack-Rich has called for African governments and investors to use the continent’s gas reserves, demographics and market size to build an energy system that is less exposed to foreign capital and imported fuel.
Nigerian tycoon Solomon Onafowokan opens Africa’s largest fibre-optic cable plant
Coleman Technical Industries chairman Asiwaju Solomon Onafowokan has launched a massive fibre-optic cable factory in Sagamu, boosting Nigeria’s digital-economy capacity and reducing dependence on imported network infrastructure.
6 businesses owned by Nigerian multimillionaire Kashim Shettima Bukar
From banking to aviation and oil logistics, Nigerian businessman Kashim Shettima Bukar has built the Barbedos Group into a multi-sector empire.
Nigerian magnate Aderemi Makanjuola’s Caverton Offshore trims losses to $3.13 million, turns cash positive
After a sharp drop in revenue, Caverton Offshore Support Group Plc delivered a markedly reduced loss in its Q3 2025 interim results, under the leadership of founder-chairman Aderemi Makanjuola.