Skip to content
Aliko Dangote targets September 2026 for the London listing of Dangote Cement, calling 2026 the busiest year of his business life as the refinery IPO, the 20,000MW power program, and the cement London debut all advance in parallel.
Aliko Dangote plans a London listing of $13 billion Dangote Cement, reviving the 2018 attempt; Femi Otedola makes $36.5 million in paper gains as First HoldCo surges 10 percent on record Q1 results; Cobus Loots's Pan African Resources moves on a $219 million Emmerson Resources acquisition.
Bloomberg ranks Rabiu as Africa's 2nd richest at $19.1 billion while Forbes still has him at 4th — and BUA Cement's 134 percent rally explains the gap; Otedola's FirstHoldCo Q1 profit jumps 72 percent to $233 million.
Aliko Dangote unveils a 20,000MW power plan and a $20 billion dividend promise at the IFC; Ted Turner, the billionaire media maverick who founded CNN, has died at 87; and Kasapreko PLC launches a GH¢700 million IPO on the Ghana Stock Exchange.
Nestoil's $2 billion bad debt forces the CBN to suspend dividends at UBA, Access, and FCMB; MTN Nigeria Q1 profit jumps 166 percent; GTCO's Segun Agbaje pivots toward payments, wealth, and ecosystem businesses; Al-Amoudi's MIDROC signs a 10-hotel Ethiopia deal with First Group Hospitality.
The Sentry's leaked-records investigation into Tagwirei's Sakunda partially supports Chiwenga's claim that Zanu PF held a hidden 45 percent stake, James Mwangi's Equity Bank sweeps Kenya's banking awards, and Talaat Moustafa warns Egypt's new property fees could push costs up 15 percent.
Tony Elumelu calls on Nigeria's government to act on anti-migrant violence in South Africa, Abba Mangal emerges as the APC candidate for Katsina Central in a generational handover from his billionaire father Dahiru, and Atedo Peterside warns of a 2027 legitimacy crisis.
Sandile Zungu and Jason Kluk take over Sumitomo's failed Madagascar nickel mine, Mahama's Damang Mine delivers its first gold to the Bank of Ghana, and Dangote denies an Elumelu rift.
Yérim Sow's Bridge Bank moves into Guinea Conakry, Ralph Mupita takes home a record R99 million as MTN credits Nigeria for its strongest year in decades, and Ibrahim Mahama pays the first $2 million of his $5 million Black Stars pledge.
Arthur Eze loses another oil block as South Sudan strips Oranto of Block B3, Koos Bekker loses $500 million as Naspers and Prosus slide 24%, Dangote Cement posts $233 million in Q1 profit, and BUA Foods grows Q1 profit to $103 million even as revenue falls 11%.
A Kenyan court freezes David Langat's land over Sh87 million in unpaid vehicle loans, MTN Group acquires 60% stakes in MoMo and Y'ello Digital for N95 billion, and Dangote pledges 95,000 jobs as the refinery scales toward 1.4 million barrels a day.
Dangote crosses $30 billion on Forbes for the first time, Hiridjee's Axian buys five Letshego banking units across West and East Africa, Motsepe's ARM signs a nickel deal with Boliden to restart Nkomati, and Dangote eyes Ethiopia's new stock exchange for the refinery IPO.
Issad Rebrab's $400 million Italian steelworks gamble collapsed and took his Brazil iron ore dream down with it, and Gideon Muriuki's Co-op Bank restructures into a holding company as it positions for regional expansion across East Africa.
Michiel Le Roux's Capitec crosses $1 billion in profit for the first time as its client base hits 26 million, and King Mswati III marks 40 years on the eSwatini throne while the sovereign wealth fund meant to benefit the Swazi people operates as his personal family office.
Nassef Sawiris shuts his London family office and completes a UK exit triggered by the end of the non-dom tax status, Tokyo Sexwale enters the ANC succession race, the EFCC arrests Tunde Ayeni over N36.5 billion in alleged diversions, and UBA's profit drops 47% as FX trading gains evaporate.
Dangote offers to build East Africa a refinery matching his Lagos plant's scale, Mansour's Palm Hills launches a city-scale luxury project on Egypt's coast, Benjelloun opens Morocco's tallest tower after eight years, and Wiese's stake in Blue Ribbon owner is diluted after a R6 billion food deal.