Burkinabe tycoon Idrissa Nassa’s Coris Bank extends $55-million debt to gold producer
Coris Bank International, under the leadership of Nassa, has emerged as a prominent force in the financial services industry.
West & Central Africa
Ghanaian executive Ebenezer Asante earns $2.7-million salary from MTN in 2022
Asante oversees the company’s operations in three key regions.
Africa’s richest man Aliko Dangote’s Dangote Foods to emerge before end of 2023
Notably, the merger is poised to significantly boost the net worth of Dangote, who ranks as the richest man in Africa.
Court sets date for ruling on Nigerian multimillionaire ABC Orjiakor’s $101-million debt lawsuit
ABC Orjiakor, who owns a 6.4-percent stake in Seplat Energy, one of Nigeria’s largest energy companies, ranks as one of Nigeria’s wealthiest business figures.
Burkina Faso’s richest man in alleged bid to topple junta leader
Burkina Faso’s richest man Mahamadou Bonkoungou and the country’s leader Ibrahim Traore are said to be at war.
Nigerian billionaire Mike Adenuga to receive $1.65-million dividend from Conoil
Led by the visionary Mike Adenuga, Conoil has firmly established its dominance in Nigeria’s petroleum marketing arena.
Nigerian billionaire Mike Adenuga’s oil firm to distribute $2.2-million dividend to shareholders
Under the astute leadership of Adenuga, Conoil has solidified its position as a dominant force in Nigeria’s petroleum marketing industry.
Gilbert Chagoury: Controversial billionaire awarded contract to construct Lagos-Calabar Coastal Highway
Back in 1971, Gilbert Chagoury and his younger brother, Ronald Chagoury, set the stage for their remarkable journey by founding the Chagoury Group.
Ghanaian liquor tycoon Kwabena Adjei secures new market in Kenya
Kwabena Adjei founded Kasapreko Company Limited (KCL), an indigenous manufacturer and producer of alcoholic and non-alcoholic drinks, in 1989.
Tony Elumelu’s wife, Awele, gains nearly $7 million as Transcorp shares soar
This recent surge in Awele Elumelu’s stake further solidifies her position as one of the top investors on the Nigerian Exchange.
Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
Nigerian tycoon Atedo Peterside’s stake in Stanbic IBTC soars by $2.3 million
This recent surge in Peterside’s stake further solidifies his position as one of the richest bankers in the country.
Nigerian president awards highway project to billionaire linked to Sani Abacha
Chagoury’s success has not been without controversy.
Kenyan tycoon Julius Mwale to build multimillion-dollar medical city in Ghana
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
Bank led by Nigerian tycoon Herbert Wigwe achieves over $180 million in profit
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
Wealthy Cameroonian industrialist Nana Bouba launches oilseed processing company
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.