IFC weighs $100 million loan to back Coris buyout of Cabo Verde’s top bank
IFC is weighing a $100 million loan to back Idrissa Nassa’s Coris Holding as it finances a majority takeover of Cabo Verde’s BCA.
Central & West Africa
Burkinabe mogul Idrissa Nassa looks to establish Coris Bank in Gabon
Idrissa Nassa met Gabon’s president as Coris Bank confirmed plans to expand into the country and finance priority projects.
Africa's richest man says Dangote Refinery IPO could happen before July
Aliko Dangote says Nigerians may be able to buy shares in his refinery by July, opening the project to wider local ownership.
Madagascan billionaire Hassanein Hiridjee pushes into Nigeria's clean energy market
Hassanein Hiridjee’s AXIAN is expanding into Nigeria through WeLight, targeting hundreds of mini grids in a major clean energy push.
Vanity Fair revives scrutiny of billionaire Dan Gertler’s Congo mining deals as cobalt politics intensify
Vanity Fair’s new Dan Gertler feature revisits his Congo mining rise, sanctions history and role in the global scramble for cobalt.
Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.
Nigerian-American billionaire Adebayo Ogunlesi bids for Eni stake in Nigeria’s Renaissance JV
Bayo Ogunlesi is bidding for Eni’s 5% Renaissance JV stake, as Nigerian investors push deeper into assets left by foreign majors.
Belgian-Congolese billionaire George Forrest bets $2.8bn on Kinsuka dam to light up Kinshasa
Groupe Forrest and Great Lake Energy are advancing a 900 MW Kinsuka hydropower project designed to cut blackouts in Kinshasa and supply mines.
Dangote calls for emergency power summit to save Nigeria’s $500bn economy
Africa's richest man, Aliko Dangote calls for urgent power sector reforms, saying stable electricity is key to Nigeria’s $500bn economy and industrial growth.
Dangote Cement makes capital market history with first commercial paper listing on Nigerian Exchange
Dangote Cement has become the first company to list commercial papers on the Nigerian Exchange, marking a major milestone for Nigeria’s capital market and expanding funding opportunities for large corporates.
Billionaire Abdul Samad Rabiu donates $370,000 60-bed hospital to Nigerian customs
BUA, via ASR Africa, funded a N500m 60-bed hospital in Bauchi to support Customs personnel and surrounding communities.
Sterling HoldCo begins share allotment after oversubscribed $78.6 million offer
Sterling HoldCo starts allotting shares after raising $78.6 million in a public offer that was oversubscribed by investors.
Aliko Dangote predicts naira could strengthen to N1,100 this year
Aliko Dangote says the naira may strengthen to N1,100 per dollar this year as reforms and reduced imports reshape Nigeria economy.
Nigerian cable tycoon Solomon Onafowokan targets $37 million raise after fibre optic factory launch
Coleman founder Solomon Onafowokan is raising up to N50 billion to support cable production and fibre optics, months after opening a major Sagamu factory.
Femi Otedola shapes leadership thinking as Making It Big reframes success beyond wealth
Making It Big by Femi Otedola is sparking fresh debate on leadership and personal growth, as readers reflect on mindset, discipline, reinvention, and purpose beyond financial success
How Aliko Dangote built a $32 billion industrial empire without tech
Aliko Dangote’s $31.9 billion fortune proves industrial power can rival tech wealth, built through cement, refining, and reinvestment across Africa