Aliko Dangote sets 2028 IPO for fertilizer arm he says will be the world's biggest
Aliko Dangote says his fertilizer business will hold an IPO in 2028, once an expansion to 12 million tons a year makes it the world's largest urea producer.
Central & West Africa
Aliko Dangote picks power over steel with a $10 billion bet on Africa's grid
Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
Nigerian tycoon Olakunle Williams' Tetracore lands power license in Edo State
Olakunle Williams' Tetracore has secured a power generation and distribution license in Edo State, where it supplies 40 million cubic feet of gas a day.
Nigerian billionaire Aliko Dangote's group says it owns the world's biggest construction fleet
Dangote Industries has bought 4,000 more construction machines, taking its fleet to 6,500, as work begins to double the Lekki refinery to 1.4 million barrels a day.
Aliko Dangote's refinery IPO could add $60 billion to Nigeria's stock market
Nigeria's trade minister says Aliko Dangote's refinery IPO could add $60 billion to the Nigerian Exchange, though analysts value the plant closer to $49 billion.
Billionaire Aliko Dangote wants his companies to outlive him, run like Microsoft
Aliko Dangote says governance, not bloodline, will protect the Dangote Group after him, pointing to Microsoft, Apple and JPMorgan as the models to follow.
Billionaire Aliko Dangote says he did not need the $1.5 billion he is raising
Dangote's refinery raised its private placement at two and a half times cover and handed back about $1.2 billion. The IPO that opened in Lagos on Monday is not about the money, Aliko Dangote said, but about who gets to own the asset.
Dangote refinery secures 16 million barrels for October
Dangote refinery has secured at least 16 million barrels of Nigerian crude for October, roughly 520,000 barrels a day. Feedstock supply is the question facing investors when the $1.55 billion offer opens on Monday.
U.S.-Nigerian mogul Sam Darwish to receive $115 million as MTN buys out IHS Towers
Sam Darwish built IHS Towers from a Nigerian start-up into the world's third-largest independent tower operator. MTN's takeover at $8.50 a share would convert his 13.5 million shares into about $115 million in cash.
Paystack quietly acquired Nigerian fintech Allawee and is now shutting it down to build something bigger
Paystack has quietly absorbed Nigerian card-issuing fintech Allawee after an undisclosed 2025 acquisition, closing all customer accounts by December 1 as Nigeria's largest payments processor assembles a full financial services empire through acquisitions.
Cameroonian cocoa magnate Kate Fotso doubles her market share as exports collapse 35%
Telcar Cocoa shipped 40,631 tonnes to take 32.4% of Cameroon's cocoa exports, up from 15.7%, in a season when national exports fell 34.65%.
Aliko Dangote's refinery turned Nigeria from a fuel importer into an exporter to Europe
The US Energy Information Administration says Nigeria's seaborne petroleum product exports have grown seven-fold since 2023, driven entirely by output from Aliko Dangote's Lagos refinery.
How Ghana's Theresa Oppong-Beeko built a multimillion-dollar real estate empire
Theresa Oppong-Beeko graduated from the University of Ghana, went into fishing, failed with $2.5 million in debt, returned to study, and built Manet Group into a $420 million Ghanaian real estate empire.
Fidson founder Fidelis Ayebae targets Sub-Saharan Africa's biggest drug factory after record N119 billion revenue
Fidson Healthcare founder Fidelis Ayebae says ongoing expansion will make the company Sub-Saharan Africa's largest pharmaceutical manufacturer after a record N119 billion revenue year.
Coleman boss George Onafowokan says manufacturing is the missing link in Nigeria's $1 trillion economy push
Coleman Technical Industries managing director George Onafowokan says Nigeria's $1 trillion economy target by 2030 is achievable but hinges entirely on manufacturing, affordable power and patient capital.
Ibrahim Mahama's Damang mine employs 400 locals in four months as airstrip and roads take shape
Ibrahim Mahama's Damang Gold Mine has employed nearly 400 locals in its first four months of operation, with an airstrip, road corridor and sports facilities already taking shape in surrounding communities.