Burkina Faso’s richest banker Idrissa Nassa drives Coris Bank to $60 million H1 profit
Idrissa Nassa’s Coris Bank International posts a $60M profit in H1 2025, powered by strong deposits and rising banking income despite higher risk costs.
Central and West Africa
Nigerian beverage billionaire Adebola Adegunwa takes on Coca-Cola and plastic waste
Nigerian billionaire Adebola Adegunwa, owner of Rite Foods, challenges Coca-Cola while tackling plastic waste with bold clean-up campaigns and sustainability projects.
5 Nigerian women who own oil blocks
In Nigeria’s upstream oil, long dominated by men, five women now own blocks in exploration, discovery, and production.
Burkina Faso's richest man Mahamadou Bonkoungou suffers setback as Gabon ends EBOMAF deal
Burkinabe billionaire Mahamadou Bonkoungou’s EBOMAF loses a key Gabon contract, a rare setback for the tycoon’s fast-growing West African infrastructure empire.
Coris Bank approves $58 million loan for Orezone Gold's Bomboré mine expansion
Coris Bank has secured a $58 million loan for Orezone Gold's Bomboré gold mine expansion, positioning the bank as a key financier for West Africa's mining sector.
Optiva Capital targets $500 million investment in Nigeria’s hospitality sector
Optiva Capital Partners plans a $500 million investment in Nigeria’s hospitality sector, aiming to boost infrastructure and healthcare while targeting key cities like Lagos and Abuja.
BUA Group clarifies refinery progress amid misleading reports
BUA Group dismisses claims of its Akwa Ibom refinery being 90 percent complete, emphasizing steady progress and reaffirming its commitment to energy security.
InfraCredit backs Nigeria’s green sukuk solar project with $12.5 million UK support
Shari’ah-compliant green finance initiative to power rural Nigeria with solar energy.
Meet the founders of Juicyway: transforming fintech and cross-border payments in Africa
Justin Ziegler and Ife Johnson are leading the charge in simplifying cross-border payments through innovation and financial inclusion.
Senegalese mogul Yérim Sow faces international arrest warrant over fraud charges
Benin issues warrant for Sow and collaborator, signaling a crackdown on economic crimes in West Africa.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
BUA Group donates $1.25 million to rebuild historic Zaria mosque
Abdul Samad Rabiu’s BUA Group funds the rebuilding of the Abdulkarim Central Mosque in Zaria, preserving its historic legacy while enhancing modern facilities for the community.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.
Access Bank hosts German President Steinmeier, strengthens Nigeria-Germany trade relations
German President Frank-Walter Steinmeier’s visit to Access Bank underscores the bank’s role in advancing trade partnerships between Nigeria and Germany, fostering economic growth and innovation.
Folorunsho Alakija: The billionaire oil tycoon redefining philanthropy and empowerment
From a groundbreaking oil venture to impactful philanthropic initiatives, Folorunsho Alakija’s journey is a testament to resilience, vision, and the power of giving back.
Aradel Holdings acquires 5.14-percent equity stake in Chappal Energies to strengthen its position in Nigeria’s energy sector
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.