Aradel Holdings, led by Adegbite Falade, completes 40% stake acquisition in ND Western
Aradel completes 40 percent ND Western acquisition, strengthens OML 34 influence, and grows Nigerian oil and gas presence.
West & Central Africa
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigerian tycoon Fidelis Ayebae gains $4.2 million from Fidson stake
Fidelis Ayebae gains $4.2 million as Fidson Healthcare shares rally on the Nigerian Exchange, lifting the value of his 33.1% stake.
Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
Allen Onyema's Air Peace eyes regional expansion across Africa by 2026
Air Peace shifts regional flights to daytime, expands African routes to 2026 for smoother travel and connections.
U.S.-Nigerian mogul Sam Darwish’s IHS stake rises above $90 million
Quantum Invest BV, led by Hani Berzi, increased its stake in Edita Food Industries through a $26.5 million block trade on the Egyptian Exchange.
James Mwangi-led Equity Bank gets $60 million AfDB trade finance guarantee
Equity Bank Kenya has secured a $60 million AfDB trade finance guarantee, boosting support for SMEs and easing risk in cross-border trade across Africa.
Senegalese businessman Demba Ka gets $30 million IFC boost for retail expansion
Senegalese retailer Groupe EDK, led by Demba Ka, secured $30 million from IFC to expand grocery stores nationwide and strengthen food supply chains.
Anthony Joshua faces $66 million tax after blockbuster fight
US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.
Nigerian banker Jim Ovia’s Zenith Bank stake hits $220 million
Nigerian banker Jim Ovia’s Zenith Bank stake rises above $220 million after a recent share rally.
Ghanaian entrepreneur Gregory Rockson’s mPharma gets funding to accelerate healthcare access
Ghanaian entrepreneur Gregory Rockson’s mPharma raises investment to expand medicine access across West Africa.
Folorunso Alakija says $23 million hospital will save lives, train doctors
Folorunso Alakija donates $23 million hospital to Osun State University to train doctors and provide specialist care.
After N30 billion staff award, BUA founder Rabiu shares rare holiday moment
Nigerian billionaire Abdul Samad Rabiu shares a rare holiday moment days after BUA awarded staff N30 billion in cash incentives.