Ghanaian billionaire Ibrahim Mahama’s $100 million Dzata Cement targets 3 million tonnes
Ibrahim Mahama said Ghanaians “can’t always be beggars” as his Dzata Cement, Ghana’s only wholly Ghanaian-owned cement maker, marked five years in Tema.
West & Central Africa
Nigerian billionaire Aliko Dangote’s refinery IPO opens to Uganda’s wealthy investors
Uganda’s markets regulator has opened Aliko Dangote’s $1.6 billion refinery IPO to high-net-worth and professional investors, days before the offer closes on Oct. 13.
Aliko Dangote's $51.7 billion Forbes fortune now exceeds that of South Africa's eight billionaires combined
Forbes values Aliko Dangote at $51.7 billion, more than the combined wealth of South Africa's eight billionaires, while Bloomberg's index puts his fortune at $35.7 billion.
Ghanaian fuel tycoon William Tewiah's ZEN stake gains $54 million in months
William Tewiah's ZEN Petroleum stake has gained $54 million since May to $392 million, but thin trading means the gain exists largely on paper.
Ghanaian stock market investor Daniel Ofori's bank stakes hit $82 million
Daniel Ofori's stakes in three Ghanaian banks are worth $81.8 million, led by a 6.56% holding in GCB Bank, whose shares have doubled this year.
Africa's richest man Aliko Dangote's Kenya refinery deal faces urgent court case
Kenya's High Court has certified as urgent a petition seeking disclosure of the money, land and guarantees behind the state's stake in Dangote's Lamu refinery.
Late Nigerian banker Herbert Wigwe's Access Holdings has lagged rivals since his death
Access Holdings shares have risen 23% since Herbert Wigwe's death, while First HoldCo, Zenith, GTCO and UBA gained between 77% and 489%.
How Ghanaian media mogul Osei Kwame Despite built his empire from cassettes
Osei Kwame Despite sold cassettes in Dunkwa before building Peace FM, UTV, salt and food businesses and Ghana's first major car museum.
Congolese billionaire Moïse Katumbi faces court battle over property dispute
Congolese billionaire Moïse Katumbi's half-brother is claiming three residences and two farms, with the Court of Cassation due to examine the dispute on Oct. 26.
Ghanaian alcohol tycoon Kwabena Adjei is building a 27-storey luxury tower in Accra
Kwabena Adjei's Capemay Properties is building Selton Skye, a twin-tower Accra development where three-bedroom apartments start at $565,000, according to its sales brochure.
Nigerian pharma tycoon Fidelis Ayebae's Fidson picked to make Roche flu drug
Fidson Healthcare, founded by Fidelis Ayebae, is one of 11 drugmakers chosen to produce a generic version of Roche's influenza drug baloxavir.
Nigerian billionaire Ladi Jadesimi's LADOL to develop oil base in Liberia
Ladi Jadesimi's LADOL will help Liberia's state oil company study, build and run a shore base in Buchanan to serve offshore drilling.
Cameroonian billionaire Baba Danpullo's fight with MTN Cameroon drags on
MTN Cameroon's court-frozen cash fell 53% in 2025 as its legal battle with billionaire Baba Danpullo's Bestinver group continued in the courts.
Africa's richest man Aliko Dangote eyes Egypt after talks with el-Sisi
Aliko Dangote met Egyptian President Abdel Fattah el-Sisi to discuss investing in Egypt's energy, fertilizer and cement sectors, and asked for state support.
Africa's richest man Aliko Dangote blames oil firms for Kenya refinery protests
Aliko Dangote says local fuel marketers and international oil companies are behind protests against his $16 billion refinery in Lamu, Kenya.
How Nigerian businessman Chris Iyovwaye went from nurse to building a $20 million oil logistics firm
Chris Iyovwaye went from auxiliary nurse to founder of Wellmann Group, an oil services firm reporting over $20 million in yearly turnover.