Cosmas Maduka: If Coscharis were listed, I’d be worth $5 billion
Nigerian entrepreneur Cosmas Maduka says Coscharis Group could make him worth $5 billion, reflecting decades of business growth and influence.
West & Central Africa
Kenyan tycoon Jimnah Mbaru gains $3 million from Britam shares
Kenyan tycoon Jimnah Mbaru gains $3 million as Britam shares surge on Nairobi Securities Exchange.
Tony Elumelu-linked distribution company sends 800 workers home
About 800 workers at AEDC linked to Nigerian investor Tony Elumelu, were laid off this week as part of a company restructuring
Aliko Dangote’s refinery cuts petrol price by 5.6 percent ahead of holiday season
Aliko Dangote’s refinery lowers petrol price by 5.6 percent, easing costs for motorists ahead of the holidays.
Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Nigerian executive Chuka Mordi leads Ellah Lakes’ agro push with $163 million raise
Nigerian executive Chuka Mordi is steering Ellah Lakes toward regional agro-industrial dominance with a $163 million public offer.
Nigerian tycoon Temitope Lawani's Helios posts $634 million revenue in 9M 2025
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
Cameroonian banker Alain Nkontchou-linked Ecobank gets $12 million to boost African SMEs
Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.
Nigerian tycoon Rasheed Sarumi-led Presco launches $165 million rights issue
Presco Plc, chaired by Rasheed Sarumi, launches a $165 million rights issue to expand operations and strengthen its market position.
Femi Otedola’s net worth hits $1.6 billion on gains from Geregu Power, First HoldCo
Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1.6 billion on strong gains from Geregu Power and First HoldCo.
Nigerian businessman Temitope Lawani's Helios weighs full Axxela exit
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
Ghana’s top investor, Daniel Ofori, gains $13.2 million on bank holdings
Ofori’s Société Générale Ghana stake climbs to $18 million after $13.2 million gain from share surge and cedi strength.
Nigerian entrepreneur Olanrewaju Olaniyan’s Siatech Africa builds Liberia’s first solar city
Olanrewaju Olaniyan’s Siatech Africa launches Liberia’s first solar city, merging clean energy with digital growth across West Africa.
Aliko Dangote may sell stake as NNPC seeks larger share in $20 billion refinery
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.
Tony Elumelu’s Transcorp relocates turbines to lift Nigeria’s power supply
Tony Elumelu’s Transcorp has relocated four turbines to Delta State to boost power generation as gas supply improves across Nigeria.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI seals $38 billion cloud deal
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, signs $38 billion AWS deal to boost ChatGPT’s global AI expansion and computing power.