Nigerian tycoon Tope Shonubi's Sahara supplies six months of fuel to Madagascar's power stations
Sahara Group supplied the 67 million litre cargo that opened Madagascar's state fuel imports, after the government seized a rival's storage tanks.
Madagascar
Mauritius says Malagasy billionaire Mamy Ravatomanga plotted a sea escape in $156 million case
Mauritius says Mamy Ravatomanga planned to leave by sea and made illicit calls from prison. His lawyer calls it conjecture with no evidence behind it.
Madagascar tycoon Mamy Ravatomanga seeks bail in $155 million Mauritius laundering case
Mauritius prosecutors oppose bail for Malagasy tycoon Mamy Ravatomanga, alleging state capture and $155 million in money laundering.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Madagascar billionaire Hassanein Hiridjee joins IFC in Jumia's $50 million capital raise
Hassanein Hiridjee's Axian has backed Jumia's $50 million raise alongside the World Bank's IFC, as the e-commerce group narrows its losses.
Madagascar tycoon Mamy Ravatomanga has spent seven months in jail without formal charge
Malagasy tycoon Mamy Ravatomanga has spent seven months in a Mauritian prison on provisional charges, with prosecutors yet to file any formal accusation.
Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Madagascar's richest Man Ylias Akbaraly says the country's political crisis is scaring everyone away from investment
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
South African billionaire Sandile Zungu, ex-Glencore trader Jason Kluk to take over Sumitomo's failed Madagascar nickel mine
Former Glencore nickel trader Jason Kluk and South African billionaire Sandile Zungu are acquiring Sumitomo's 54% stake in Madagascar's Ambatovy nickel mine, which has cost the Japanese company $2.6 billion in cumulative losses.
Madagascar tycoon Mamy Ravatomanga detained in Mauritius over financial fraud
As Mamy Ravatomanga wakes up behind bars in Mauritius, a looming court hearing could shift his fight from VIP custody to tougher ground.
Inside Hassanein Hiridjee’s $1.8 billion bid to turn Axian into an African telecom giant
From Tanzania’s mobile networks to Kenyan fibre and a new digibank push, Axian is Hiridjee’s vehicle for a continent-wide telecom land grab.
Axian’s Hassanein Hiridjee seals $63 million deal for Kenya’s Wananchi
Axian Telecom agreed to acquire Wananchi Group for $63 million, adding enterprise fibre and connectivity assets in Kenya, Tanzania and Uganda.
Madagascar business magnate Mamy Ravamatoga arrested in Mauritius
Mauritius detains Madagascar business magnate Mamy Ravatomanga over suspected money laundering and Boeing jet transfer to Iran.
Madagascar business magnate Mamy Ravamatoga faces arrest as coup shakes elite circle
Mamy Ravatomanga, the power broker behind Madagascar’s ousted president, is facing arrest warrants, financial freezes and investigations in the wake of a military takeover that has upended the country’s elite networks.
Malagasy multimillionaire Mamy Ravatomanga escapes to Mauritius on private jet as unrest grows in Madagascar
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.
Malagasy tycoon Mamy Ravatomanga calls for calm during nationwide non-violence observances.
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.