Franco-Lebanese businessman Hayssam El Jammal invests $150 million in Cameroon
Franco-Lebanese businessman Hayssam El Jammal is investing $150 million to boost aluminum and steel output in Cameroon and cut reliance on imports.
West & Central Africa
Aliko Dangote’s $20 billion refinery suspends self-collection sales
Aliko Dangote’s $20 billion refinery halts self-collection sales, shifts marketers to free delivery scheme to streamline fuel supply.
Tony Elumelu now owns over 16 percent of UBA
Tony Elumelu raises UBA holdings to 16.38 percent worth $211 million, reinforcing his influence as one of Nigeria’s richest businessmen.
Nigerian banker Jim Ovia’s Zenith Bank sees $355 million profit in first half
Zenith Bank’s H1 profit falls to $355 million as impairments rise, while total assets reach $20.7 billion.
Shoprite Nigeria shuts stores in major cities 4 years after Tayo Amusan’s Ketron takeover
Four years after Tayo Amusan’s Ketron takeover, Shoprite Nigeria is still struggling to steady its business in Africa’s most populous economy
Nigerian logistics mogul Taiwo Afolabi opens new projects to boost community life
Taiwo Afolabi commissions ICT hub, market stalls, and a recreational park in Ogun State to uplift local communities.
Africa’s richest man, Aliko Dangote, sends two more fuel cargoes to U.S.
Dangote Petroleum Refinery exports two additional fuel shipments to the U.S., boosting production and international presence.
Elon Musk's Starlink halts new orders in Lagos and Abuja
Starlink has paused new internet kit orders in Lagos and Abuja after hitting capacity, with rising prices and regulatory hurdles weighing on Nigerian users.
Africa’s richest man leads record fuel exports from Dangote refinery
Dangote made the announcement at a conference, saying the plant has helped ease a problem that has dogged Nigeria for decades.
Mr Eazi’s Choplife Gaming pays $11.7 million in Rwandan taxes as his African empire expands
Nigerian star Mr Eazi reveals Choplife Gaming has paid RWF 17 billion in Rwanda taxes since 2022, highlighting his growing footprint beyond music.
Africa’s richest man, Aliko Dangote, funds 250-bed university hostel in Nigeria
Africa’s richest man, Aliko Dangote, is funding a N1.1 billion ($732,642) 250-bed hostel at the University of Ilorin to aid student housing and mosque upkeep.
Cameroonian tycoon Paul Fokam’s Afriland dismisses allegations of tax-related closure in Congo
The group clarified that since the establishment of Afriland First Bank CD in 2005, the lender has never faced a sanction from the tax directorate or any other government institution.
Nigerian billionaire Abdul Samad Rabiu collects $144.4 million in BUA Foods dividend
Abdul Samad Rabiu received a $144.4 million dividend from BUA Foods after the company boosted its payout by 136 percent in 2024.
Ghanaian advocate Awo Ablo holds $3.3 million stake in Oracle
Awo Ablo’s Oracle stake is worth $3.3 million, marking her influence in global tech and corporate leadership.
Africa’s richest man sees $163 million wiped from wealth on cement slump
Africa’s richest man Aliko Dangote loses $163 million on cement slump, trimming fortune to $28.8 billion.
Nigerian developer Sijibomi Ogundele faces detention over $3.8 million school project dispute
Sujimoto CEO, Sijibomi Ogundele, faces EFCC scrutiny after Enugu officials accused him of abandoning $3.8 million school project.