Tony Elumelu’s HH Capital lifts Transcorp Power stake with $201,000 share buy
HH Capital, tied to billionaire Tony Elumelu, snapped up more than 1 million Transcorp Power shares in a fresh insider deal on the Nigerian Exchange.
West Africa
Nigerian cocoa magnate John Alamu taps capital markets to raise $67.5 million for Johnvents expansion
John Alamu is turning to Nigeria’s capital markets to fund the next phase of Johnvents Industries’ cocoa processing and export expansion.
Burkina Faso’s richest man Mahamadou Bonkoungou at the center of revived $420 million Liberia deal”
A controversial EBOMAF infrastructure contract tied to Mahamadou Bonkoungou is back in focus as Liberia’s Boakai government revisits the shelved deal.
Bombardier hails Dangote refinery as jet fuel game-changer for aviation industry
Bombardier executives praised Aliko Dangote’s refinery in Nigeria as a world-class facility and a vital source of cleaner jet fuel for global aviation.
Australian mining tycoon Colin Ikin, tied to Chagoury family, targets Nigerian lithium rights amid Jupiter dispute
Colin Ikin, linked to Nigeria’s influential Chagoury family, pushes for Kaduna’s lithium rights as Jupiter Lithium fights to keep its permits.
SeamlessHR secures $9 million series-A extension from Gates Foundation, Helios Venture
The company continues to scale its operations, providing innovative solutions to empower businesses across Africa.
Mansa IP, co-founded by Senegal-based executives, aims to raise $300 million for African development in 2025
This is part of a larger $1.2 billion initiative to advance infrastructure development across the continent.
Nigerian court orders banks to freeze accounts of Arise TV founder over $718 million debt
The injunction, stemming from an alleged $718 million debt owed to First Bank of Nigeria, also freezes their assets within the court's jurisdiction.
Nigeria’s Access Bank sets sights on Moroccan market
The strategy targets key markets including Morocco, Egypt, and the U.S., reflecting the bank’s commitment to expanding its global presence.
Refinery owned by Africa’s richest man exports petrol to South Africa, three other nations
Dangote Oil Refinery exports petrol to Cameroon, Angola, Ghana, and South Africa, a key milestone in reshaping Africa’s fuel market.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Dangote Oil Refinery begins direct petrol sales to oil marketers, skirts NNPC distribution
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
Haldane McCall targets $7.3-million market cap ahead of NGX listing
The listing reflects Haldane McCall’s commitment to expanding investment opportunities within Nigeria’s real estate and hospitality sectors.
Grid Africa and Huawei collaborate on 72 MW solar plant for Zimbabwean mines
This collaboration aims to mitigate crippling energy shortages that have caused an estimated $500 million loss in mining revenues due to frequent power outages.
Flour Mills plans $1-billion investment in Nigeria over four years
The announcement follows a move by its majority shareholder, Excelsior Shipping Company, to buy out minority shareholders and take the company private.
UBA strengthens Lagos trade fair partnership with $6-billion SME loan facility
UBA boosts SME growth with a $6-billion loan facility ahead of the 2024 Lagos International Trade Fair, reinforcing its commitment to empowering African businesses and driving economic growth.