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Abdul Samad Rabiu has added $8.88 billion to his Bloomberg-tracked wealth in four months. The structural story is the 2.31 percent free float — and what it means for foreign investors trying to access BUA.
Rostam Aziz's Taifa Group is taking equity in Toronto-listed Lake Victoria Gold and running construction at its Imwelo project — an archetype of African operator capital backing junior gold development.
Kenya's Auditor-General has flagged Jaswant Rai's 30-year Nzoia Sugar lease as opaque — no handover document, no asset valuation, no public lease contract.
Mohammed Al-Amoudi's MIDROC has signed a master agreement with Dubai-based First Group Hospitality to develop 10 Marriott-branded hotels across Ethiopia between 2026 and 2031.
Hassan Allam met Syrian President al-Sharaa at the People's Palace on May 4, putting Egypt's 90-year-old construction giant at the front of a pan-Arab push into a $400 billion reconstruction market that Saudi, Qatari, Emirati, and Turkish firms have been positioning around for two years.
Sumitomo is paying $418 million to walk away from the Ambatovy nickel mine after $2.6 billion in cumulative losses, with a Jersey-based consortium led by former Glencore nickel head Jason Kluk and South African investor Sandile Zungu taking over.
Moody's has surrendered its South African credit rating license after 32 years, leaving GCR — the pan-African agency Moody's itself fully owns — to fill the domestic gap as global ratings retreat from Africa.
Presco's profit jumped 57.4% to N178 billion and Okomu Oil grew Q1 to N34 billion, lifting the combined market cap of Nigeria's protected palm oil duopoly past $2.7 billion — and one of the two has just become Nigerian-controlled after 33 years of Belgian rule.