Aliko Dangote is $5 billion richer since the Iran war closed the Strait of Hormuz
Aliko Dangote's Lagos refinery has become Europe's largest supplier of jet fuel and diesel since Iran closed the Strait of Hormuz.
Oil and gas
Nigerian billionaire Muhammadu Indimi joins court fight against his twin daughters over $43.5 million
Muhammadu Indimi has applied to be joined personally in the appeal against a $43.51 million judgment his twin daughters won from Oriental Energy.
Botswana tycoon Ramachandran Ottapathu's Engen takeover faces public competition hearing
Botswana's competition regulator has opened Ramachandran Ottapathu's bid for 70% of Engen Botswana to public submissions before reaching a decision.
Tanzania's Mittal brothers buy their third Vivo Energy business in three months
Mount Meru Group, owned by Tanzanian-raised brothers Atul and Arvind Mittal, is buying Vivo Energy's Rwanda and Malawi fuel businesses.
Africa's richest man Aliko Dangote's refinery runs at half capacity as exports fall
Aliko Dangote's refinery is operating at roughly half throughput after an equipment fault, pushing product exports to their lowest level in three months.
Morocco's prime minister is worth $1.6 billion and sells a third of its fuel
Aziz Akhannouch is worth $1.6 billion, sells Morocco a third of its fuel, and runs the government that awards his companies contracts.
Chevron sells Angola oil blocks to Energean in $260M deal
Chevron is selling its stakes in two offshore Angola oil blocks to Energean for $260 million, marking the US major's latest portfolio trim.