Central & West Africa
Nigerian billionaire Aliko Dangote could list his refinery in South Africa after Nigeria IPO
The Johannesburg Stock Exchange says it has engaged Dangote Group and hopes to bring the refinery listing to South Africa after its Nigerian IPO.
Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Beninese billionaire Samuel Dossou-Aworet's Parakou dry port begins operations after a decade
Beninese tycoon Samuel Dossou-Aworet's Petrolin Group has begun operations at its Parakou dry port, shipping first cotton after years of delay.
Moussa Koanda built Burkina Faso's first solar panel factory and a $111 million cement empire
Moussa Koanda moved from consumer goods trading and petroleum distribution to build Burkina Faso's first solar panel factory, a $111 million cement plant and one of West Africa's most quietly formidable industrial empires.
Paul Fokam Kammogne built a $690 million banking empire to prove Africa could finance itself
Paul Fokam Kammogne left Cameroon Bank in 1979, earned a PhD in Bordeaux, and built Afriland First Bank into a $3.6 billion institution to prove Africa could finance its own development without foreign banks.
Farouk Ismail inherited a failing shop in Lobatse and turned it into a $38 million retail fortune
Farouk Ismail inherited a failing general dealer in Lobatse from his father, made the pivotal decision to hand operational control to a Kerala accountant named Ram, and built a $38 million retail fortune.
Inoussa Kanazoe left his village with 13,500 FCFA and built a $500 million cement and gold empire
Inoussa Kanazoe left his village with 13,500 FCFA, sold ice cream in Abidjan and returned to build a cement empire across five countries and a gold mining group acquiring the mines foreign companies are fleeing.
Mahamadou Bonkoungou left school with a baccalaureate and built a $3 billion West African empire
Mahamadou Bonkoungou left Dédougou with a baccalaureate and no capital, traded gold and cassettes across West Africa, then built EBOMAF into a $3 billion infrastructure empire.
Fidelis Ayebae asked for $12.9 million to keep building Fidson. Investors sent $15.2 million instead
Fidelis Ayebae's Fidson Healthcare has closed its N21 billion ($12.9 million) rights issue 117% oversubscribed, receiving N24.65 billion in applications against N21 billion available, validating three decades of building Nigeria's leading indigenous pharmaceutical manufacturer.
Ghana sues Jospong founder Siaw Agyepong over $2 million claimed gap in a $178 million road contract
Ghana's Attorney-General has filed a lawsuit against Jospong founder Joseph Siaw Agyepong and his firm J.A. Plant Pool over a $2 million gap in a $178 million road contract.
Ghanaian billionaire Ibrahim Mahama took over Damang six weeks ago and has already ordered $250 million worth of equipment for it
Ibrahim Mahama's Damang Gold Mine has begun deploying a $250 million fleet of 52 heavy-duty machines, the largest capital injection by a wholly Ghanaian-owned large-scale miner in recent memory, six weeks after taking over the mine from Gold Fields.
Aliko Dangote's refinery cuts petrol and diesel prices again as crude markets ease
Aliko Dangote's refinery cut ex-depot petrol prices to ₦1,250 per liter and diesel to ₦1,700, the second reduction in a week as crude eased.
Aliko Dangote's sugar company just opened a $300 million rights issue. The naira almost killed it first
Dangote Sugar Refinery has opened a N485.9 billion ($300 million) rights issue at N60 per share, offering two new shares for every three held, in a bid to slash debt and revive its Sugar for Nigeria backward integration programme.
Niger State invites Aliko Dangote into Bida Basin crude oil exploration
Niger State has invited Aliko Dangote and private investors to explore crude oil at the Bida Basin under a public-private partnership structure.