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.
West & Central Africa
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.
Nigerian entrepreneur Ladi Delano sold Chinese vodka, then built a $2.1 billion mobility company
Ladi Delano sold a Chinese vodka brand, announced a $1 billion Nigerian mining venture that never materialised, and has now raised $250 million for Moove.
A vehicle that bought First HoldCo shares at ₦31 is selling them at ₦110
RC Investment Management is selling 10.4 billion First HoldCo shares at ₦110, having bought them at ₦31 last year. The bank receives no proceeds.
Ivorian billionaire Jean Kacou Diagou's foundation to fund schools the government will run
The NSIA Foundation, part of Jean Kacou Diagou's banking and insurance group, will finance school building in Côte d'Ivoire while the state supplies staff.
Nigerian billionaire Aliko Dangote's refinery seeks $5 billion in Africa's biggest share sale
Dangote's refinery aims to raise $5 billion in an October listing, with exchanges in Kenya, South Africa, Egypt, Ghana and Rwanda seeking a role.
Tope Shonubi's Sahara deploys a 380,000-barrel tanker to speed crude exports from OML 18
Sahara Upstream has deployed a 380,000-barrel tanker at OML 18, its second mother vessel, named after the executive who ran its Kenya business.
Nigerian tycoon David Olurin's Cardinal Torch is betting $4.5 million that Nigeria can stop exporting raw cashews
David Olurin's Cardinal Torch is building a $4.5 million cashew plant at Sagamu, chasing the processing income Nigeria currently exports to Vietnam and India.
Nigerian tycoon Tunji Olowolafe funds West Africa's first eye surgery simulator in wife's memory
Tunji Olowolafe's foundation has opened West Africa's first ophthalmic surgical simulation centre in Lagos, named after his late wife Gbemisola Olowolafe.
Burkinabè banker Idrissa Nassa's Coris secures €80 million for West African food and energy
Coris Holding, founded by Burkinabè banker Idrissa Nassa, has signed an €80 million facility with the ECOWAS bank for food, energy and agriculture.
Nigerian billionaire Femi Otedola signals he wants 51% of First HoldCo after investing $432 million
Femi Otedola says his investment threshold is always above 51% and that he is on the same trajectory at First HoldCo, where he now holds 25.8%.
Billionaire Femi Otedola gains $106 million in four days as First HoldCo hits record
First HoldCo touched a record ₦137.20 on Monday, taking Femi Otedola's stake to about $1.18 billion, a paper gain of $106 million in four days.
Oando shares fell 28% since May even as the company returned to profit
Oando shares have fallen 28% since May despite a ₦44.53 billion quarterly profit, with liabilities still exceeding assets by ₦530 billion.