Nigerian tycoon Stanley Jegede strung 6,000km of fibre across the national power grid
Stanley Jegede hung 6,000km of fibre on Nigeria's electricity towers. The government moved to seize it and demanded $75.5 million.
West & Central Africa
Nigerian tycoon Maher Jarmakani's Lagos port lands $1 billion from the world's biggest shipping line
Maher Jarmakani's Nigerdock has signed the world's biggest shipping line to a 45-year terminal deal at Snake Island Port in Lagos.
Africa's richest man Aliko Dangote says his $16 billion Kenya refinery needs state protection
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.
Nigerian tycoon Eruani Azibapu's $1 billion Niger Delta refinery is nearing completion
Azibapu Eruani's Azikel Refinery in Bayelsa is at finishing stage, with capacity redesigned to 25,000 barrels a day and cost near $1 billion.
Nigerian politician Abdulaziz Yari's Geregu Power defaults on bond after $750 million takeover
Geregu Power has defaulted on its ₦40.09 billion bond, eight months after Abdulaziz Yari's MA'AM Energy took control in a $750 million deal.
Ivorian tycoon Ahmed Cissé is buying a $180 million stake in the bank he already chairs
Ahmed Cissé has chaired BICICI since 2023. The Ivorian state is now selling him a $180 million stake, at a price nobody will state.
Nigerian gas tycoon Julius Rone targets September go-ahead for $3 billion floating LNG plant
Julius Rone is targeting a September investment decision on Nigeria's first floating LNG plant, with one agreement still to be signed.
Late Nigerian billionaire Bode Akindele's estate placed under state control in will dispute
A Lagos court has placed Bode Akindele's estate under the state Administrator-General while his first son challenges the validity of the will.
Africa's richest man will break ground on a $16 billion Kenyan refinery by October
Aliko Dangote says groundbreaking on the 700,000 barrel-a-day Lamu refinery will take place by October, at a cost revised down to about $16 billion.
Cameroon's richest woman Kate Fotso retakes the cocoa export lead she lost last year
Kate Fotso's Telcar Cocoa shipped 40,631 tonnes to retake Cameroon's cocoa export lead, a year after ending two decades of partnership with Cargill.
Billionaire Femi Otedola spends additional $13 million on First HoldCo shares
Femi Otedola bought 138 million more First HoldCo shares for about $13 million, taking his holding to 12.09 billion shares worth $1.14 billion.
Aliko Dangote met Canada's prime minister to discuss African investment in Canada
Aliko Dangote has met Canadian Prime Minister Mark Carney to discuss investment partnerships between Canada and Africa. No figures or agreements were disclosed.
Billionaire Mike Adenuga still owns every share of telecom giant Glo after 23 years
Globacom turns 23 this month and Mike Adenuga still owns all of it, while MTN Nigeria and Airtel Africa listed and 9mobile changed hands twice.
Nigerian billionaire Solomon Onafowokan's Coleman spent $20 million generating its own power
Coleman has spent more than $20 million on gas-fired power generation while paying $8.70 per unit for gas, its managing director said.
Nigerian billionaire Femi Otedola's First HoldCo stake crosses $1.2 billion at record N140
Otedola's 11.96 billion First HoldCo shares are worth about $1.2 billion after the stock hit a record N140 on Thursday.
Ghanaian tycoon Sam Jonah takes Nigeria to arbitration over $500 million Abuja property
Sam Jonah's JonahCapital has begun arbitration against Nigeria at the ICC in Paris over the termination of a lease on 501 hectares of Abuja land.