Aliko Dangote plans London listing of $13 billion Dangote Cement, reviving 2018 attempt
Aliko Dangote is planning a London listing of his $13 billion Dangote Cement business this year, reviving an attempt last shelved in 2018.
West & Central Africa
Nigerian billionaire Femi Otedola makes $36.5 million in paper gains in one day as First HoldCo surges 10% on record Q1 results
FirstHoldCo surged nearly 10% on the NGX after Q1 profit jumped 72%, adding N49.6 billion in paper gains to Femi Otedola's 18.12% stake in a single session.
Nigerian oil tycoon Tein Jack-Rich to run for Senate
Oil mogul Tein Jack-Rich entered the Rivers West APC senatorial race and warned the party against sidelining founding members for new defectors.
Nigerian multimillionaire Oba Otudeko delivers 2,400sqm building to Olabisi Onabanjo University
The Oba Otudeko Foundation has delivered a 2,400-square-metre administrative complex to Olabisi Onabanjo University in Ogun State, adding to the Honeywell chairman's growing education legacy.
Billionaire Femi Otedola executes a surgical turnaround as First HoldCo profit rockets 72% in Q1 2026 to $233 million, overtaking GTCO, UBA and Access Holdings
Femi Otedola's FirstHoldCo rises from the ashes with a 72% profit jump in Q1 2026, overtaking GTCO and Access Holdings to become Nigeria's 2nd most profitable bank
Muhammed Jah's QGroup opens what it calls The Gambia's first data center
Gambian businessman Muhammed Jah's QGroup has opened QGroup House on Kairaba Avenue, billed as The Gambia's first data center, inaugurated by President Adama Barrow.
Senegalese tycoon Yerim Sow's Bridge Bank launches $120 million IPO on the BRVM to fund West African expansion
Yerim Sow's Bridge Bank Côte d'Ivoire is raising $120 million through a 20% stake sale on the BRVM, with subscriptions opening May 20 and trading set for August 31.
Ghanaian Liquor tycoon Kwabena Adjei moves to list Kasapreko PLC on the Ghana Stock Exchange with $62 million IPO
Kasapreko PLC, the Ghanaian company behind Alomo Bitters, has launched a GH¢700 million IPO on the Ghana Stock Exchange to fund a new factory, coming off a 55% profit jump in Q1 2026.
Nigerian billionaire Kola Karim's Arkad wins a $1 billion Algeria gas contract alongside Egypt's PETROJET
Kola Karim's Arkad Engineering has won a $1 billion Algeria gas contract alongside Egypt's PETROJET for the Hassi Bir Rkaiz field, the biggest deal yet from his 2024 acquisition of the Italian EPC firm.
Aliko Dangote reveals a 20,000MW power project and makes a $20 billion dividend promise in a wide-ranging conversation with IFC
Aliko Dangote revealed plans for a 20,000MW power project, a $20 billion dividend promise to African investors and confirmed his refinery has been tested beyond its 650,000 barrel nameplate capacity.
Access Holdings, controlled by Aigboje Aig-Imoukhuede, must sell down foreign subsidiaries within 12 months after new Central Bank rule
Access Holdings will reduce equity stakes in foreign subsidiaries within 12 months after the CBN ordered Nigerian banks to limit overseas equity investments to 10% of shareholders' funds.
Employees at billionaire Mahamadou Bonkoungou's EBOMAF in Gabon say they have gone a year without pay slips, health insurance
Workers at Ebomaf Group's Gabon construction sites staged a peaceful protest on May 4, alleging unpaid leave, missing pay slips for up to a year, no accident insurance and salary blackmail.
Nigerian oil trader Abdulrahman Bashar hit with worldwide asset freeze in $40 million default
A London court has frozen the worldwide assets of Nigerian oil trader Abdulrahman Musa Bashar after a $40 million judgment to Petrichor Energy went unpaid.
Nigerian oil tycoon Muhammadu Indimi receives honorary business doctorate from Delta State University
Delta State University has conferred an honorary business doctorate on oil tycoon Muhammadu Indimi, chairman of Oriental Energy Resources, at its 18th convocation in Abraka.
Nigerian tycoon Tunde Ayeni remanded at Kuje Prison as EFCC files 17-count $11.3 million fraud charge
Former Skye Bank chairman Tunde Ayeni was remanded at Kuje Prison on Monday after the EFCC arraigned him on a 17-count N15.6 billion fraud charge.
Billionaire Femi Otedola says he did not invest a single kobo in Dangote's refinery and calls the viral claim that he contributed $300 million "calculated mischief"
Femi Otedola has flatly denied investing in the Dangote Petroleum Refinery, calling a viral claim that he contributed $300 million "completely and utterly false" and "calculated mischief."