Access Holdings, led by Aig-Imoukhuede, plans $27.7 million private placement
Access Holdings moves to raise $27.7 million in new capital as Aig-Imoukhuede strengthens the group’s growth plan.
West & Central Africa
Africa’s richest man Aliko Dangote strikes deals in India to boost refinery, fertilizer plans
The deals, sealed yesterday, mark a major step in his effort to secure Africa’s fuel supply and reduce the region’s dependence on imports.
Court halts $3.66 million tax order against Tony Elumelu-linked AEDC
Federal High Court halts $3.66 million tax order against Tony Elumelu-linked AEDC, sending the case back to the tribunal.
U.S.-Nigerian telecom mogul Sam Darwish gains $6.7 million from IHS stake
The rebound comes after a challenging period between Sept. 12 and 27, when his stake fell from nearly $100 million to $86.19 million.
Nigerian magnate Aderemi Makanjuola’s Caverton plans recovery after $36 million loss
Caverton launches a groupwide overhaul as Aderemi Makanjuola moves to curb losses and restore profit after a $36 million setback.
Paystack fires Nigerian co-founder Ezra Olubi amid sexual misconduct allegations
Paystack fires co-founder Ezra Olubi over sexual misconduct allegations as the company faces scrutiny on workplace governance.
Côte d’Ivoire mine lifts gold output for Egyptian billionaire Naguib Sawiris’ Endeavour
Ity mine in Côte d’Ivoire leads Endeavour Mining’s gold output, boosting Egyptian billionaire Naguib Sawiris’ stake to $1.4 billion.
Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Samuel Dossou-Aworet-backed Tullow extends Jubilee and TEN licenses in Ghana, securing long-term gas deals and drilling plans.
Ghana’s richest investor Daniel Ofori gains $12.3 million from GCB Bank shares
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Cameroonian banker Alain Nkontchou's Enko gets $30 million to scale Africa's private credit
Enko Capital secured $30 million from South Africa’s PIC to expand private credit for mid-sized African firms, boosting financing options across key sectors.
Nigerian businessman Ernest Azudialu freed from $1 billion asset freeze
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
Ghanaian energy mogul Kevin Okyere in talks to sell oil block to state-owned GNPC
Springfield, led by Ghanaian energy mogul Kevin Okyere, explores sale of WCTP2 deepwater oil block to GNPC.
Africa’s richest man Aliko Dangote loses $1.4 billion so far in November
Africa’s richest man Aliko Dangote sees $1.4 billion drop so far in November amid share price declines.
Nigerian insurance mogul Oye Hassan Odukale’s Leadway takes full control of PAL Pensions
Leadway, chaired by Oye Hassan Odukale, completes its acquisition of PAL Pensions, strengthening its position in Nigeria’s pension industry.
TotalEnergies to take 50% of OPL257 from Nigerian billionaire Mike Adenuga’s Conoil
Conoil Producing sells 50 percent of OPL257 to TotalEnergies, keeping 10 percent, advancing Nigeria’s offshore oil development.
Iwosan Investments, co-founded by Nigerian businessman Fola Adeola, buys Paelon Memorial Hospital
Fola Adeola’s Iwosan Investments buys Paelon Memorial Hospital, strengthening its nationwide healthcare expansion.