Tycoon Paul Fokam's Afriland First Bank is losing a $116.9 million battle in Congo
Afriland First Bank's Congo unit has $116.9 million in negative equity and its Cameroonian owner says the state took the bank without paying for it.
West & Central Africa
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Elon Musk's X Money promises 6 percent yield and cashback as it moves out of the shadows
Elon Musk's X Money has entered limited beta testing, dangling a 6 percent annual yield and cashback as the everything app vision takes shape.
Meet the woman who bet $80 million to become Cameroon's Coca-Cola queen
Jacqueline Dongmo quietly built a logistics empire for decades. Then she made one of the boldest bets in African consumer goods history.
Dangote cement plans $1 billion expansion across Africa by 2030
Dangote Cement has signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries and hit 80 million tonnes by 2030.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Refinery of Africa’s richest man Aliko Dangote lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Nigerian tycoon Taiwo Afolabi eyes offshore vessel expansion after Indimi’s $315 million bet
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Kenyan tycoon John Kimani's Kakuzi wins Supreme Court reprieve in land case
Kakuzi Plc, partly owned by John Kimani, wins temporary Supreme Court reprieve in a long-running land dispute affecting operations.
Senegalese financier Ibrahim Sagna joins Africa-Gulf council after Silverbacks’ 10th exit
Senegalese financier Ibrahim Sagna joins the Africa-Gulf council weeks after Silverbacks’ 10th exit, expanding his role in cross-border investment.