Ghanaian tycoon Daniel McKorley's name surfaces in controversy over ministers paying for awards
Daniel McKorley's name has surfaced in Ghana's cash-for-awards controversy as President Mahama moves to ban ministers from private award ceremonies.
West and Central Africa
How Jim Ovia's $5.5 million bet on Moniepoint built a billion-dollar unicorn
A $5.5 million Series A cheque from Jim Ovia's investment firm helped build Moniepoint from a bank software startup into a billion-dollar unicorn.
Ghana's AG sues business tycoon Joseph Siaw Agyepong over $2 million gap in a $178 million contract
Ghana's AG sued Jospong founder Siaw Agyepong and his firm Plantpool over $2 million in alleged overpayments on a $178 million road contract.
Nigerian tech tycoon Leo Stan Ekeh opens $365,000 AI center at his alma mater, a first in Eastern Nigeria
Zinox founder Leo Stan Ekeh commissioned a N500 million AI center at his Owerri alma mater, the first of its kind in Eastern Nigeria.
Nigerian energy tycoon Olakunle Williams’ Tetracore signs UK tech deal for 5,000 BPD gas-to-liquids plant in Ogun
Tetracore GTL has signed a technology agreement with UK-based Velocys to develop a 5,000 BPD gas-to-liquids plant in Atakabo, Ogun State, Nigeria.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
The bicycle parts trader from Burkina Faso who built a $9 billion banking empire
Idrissa Nassa started out trading bicycle parts and consumer goods in Burkina Faso. He now controls a $9 billion pan-African banking empire.
Tetracore Energy secures Nasarawa's first power licences as gas-to-power push expands
Tetracore Energy Group has secured Nasarawa's first electricity generation and distribution licences, anchoring a 60MW gas-fired IPP that scales to 150MW
Bloomberg says Abdul Samad Rabiu is Africa's 2nd richest man at $19.1 billion while Forbes ranks him 4th at $15.3 billion. Here is why both are right
Bloomberg ranks Abdul Samad Rabiu as Africa's second richest man at $19.1 billion, ahead of Johann Rupert, while Forbes puts him fourth at $15.3 billion. The gap comes down to how each counts his Nigerian stock market wealth.
Nigerian businessman Denzel Akogwu's Elipse International signs 4,000-ton copper plant deal in Nigeria
Denzel Akogwu's Elipse International signs a 4,000-ton copper flotation plant deal, marking Nigeria's push to value-added mineral processing.
Nigerian energy tycoon Olakunle Williams' Tetracore Energy starts power generation at Atakobo IPP, delivering 20MW to Ogun State industries
Tetracore Energy Group has commenced power generation at its Atakobo IPP in Ogun State, delivering 20MW in Phase I of a 100MW gas-to-power project.
Ralph Mupita earns a record R99 million as MTN credits Nigeria for driving its strongest year in decades
MTN Group CEO Ralph Mupita earned a record R99.3 million in 2025, a 53% increase, as Nigeria's dramatic turnaround powered the group's strongest year in decades.
Jim Ovia's Zenith Bank opens in Côte d'Ivoire, breaking into Francophone West Africa for the first time
Jim Ovia's Zenith Bank has formally launched its Côte d'Ivoire subsidiary in Abidjan, marking its first entry into Francophone West Africa's banking market.
Ghanaian business tycoon Daniel McKorley honored by GaDangme Queen Mothers as McDan Group earns Torchbearer of Hope title
Ghana's GaDangme Queen Mothers have honored Daniel McKorley, Executive Chairman of McDan Group, with the Torchbearer of Hope title in a formal ceremony.
Àrgentil secures blended finance backing to launch $75 million SME fund in Nigeria and Ghana
Àrgentil Capital Management has been selected for a blended finance accelerator program, securing support to launch a $75 million SME-focused fund across Nigeria and Ghana.
Ghanaian tycoon Ibrahim Mahama pledges to build Astroturfs across Damang after taking over the mine
Ibrahim Mahama, CEO of Engineers and Planners, has pledged to build Astroturfs across Damang communities following his company's takeover of the Damang Mine.