Ivorian tycoon Jean Kacou Diagou's NSIA Banque lifts profit 7% as balance sheet tops $5 billion
NSIA Banque Côte d'Ivoire, controlled by Jean Kacou Diagou, lifted 2025 profit 7% to about $72 million as its balance sheet topped $5 billion.
West & Central Africa
Nigerian tycoon Aderemi Makanjuola's Caverton narrows loss to $10 million as revenue slides 40%
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
Cameroonian tycoon Nassourou Issa plans $100 million sugar mill to rival Castel
Cameroonian tycoon Nassourou Issa is building a $100 million sugar mill, backed by Société Générale, to outproduce the Castel family's Sosucam by 2028.
Tanzania's richest man eyes $100 million stake in Dangote's planned Kenya oil refinery
Tanzanian billionaire Mohammed Dewji says he is willing to invest $100 million in Aliko Dangote's proposed oil refinery in Kenya.
Tycoon Moh Damush's Telecel Group bids for TalkTalk's UK wholesale telecom arm
Telecel Group, the pan-African operator co-founded by Moh Damush, has bid for TalkTalk's UK wholesale arm in a deal worth up to £450 million.
The billionaire who built Nigeria's gas pipelines: inside Emeka Okwuosa's Oilserv empire
How engineer Emeka Okwuosa built Oilserv into one of Nigeria's largest indigenous oil-and-gas contractors, laying the pipelines that carry the country's gas.
Africa's richest man pledges $2 billion for solar power and fuel storage in The Gambia
Aliko Dangote has pledged $2 billion to build a 250-megawatt solar plant and a fuel storage terminal in The Gambia, President Barrow said.
Ghana tax authority seals businesman Daniel McKorley's Electrochem plant over $560,000 debt
Ghana's tax authority has sealed the offices of Electrochem, owned by billionaire Daniel McKorley, giving it seven days to pay a GH¢8.6m tax debt.
DR Congo opens corruption probe into billionaire Rawji family, owners of Rawbank
DRC prosecutors have opened a corruption inquiry touching the Rawji family, owners of the country's biggest bank, then lifted a travel ban on them.
Billionaire Ibrahim Mahama's company defies court order over $100 million Ghana gold mine
A company owned by Ibrahim Mahama, brother of Ghana's president, has refused to leave a disputed $100 million gold mine despite two court rulings.
Africa's richest man picks Lamu for $17 billion Kenya refinery as engineering work begins
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
Tycoon Julius Rone's UTM FLNG signs 15-year gas deal for Nigeria's first floating LNG plant
Julius Rone's UTM FLNG signed a 15-year deal with NNPC and Seplat for feed gas, clearing a hurdle to Nigeria's first floating LNG.
Senegalese billionaire Yerim Sow's Bridge Bank opens $118 million share sale on the BRVM
Yerim Sow's Bridge Bank has opened a $118 million offer for 20% of its shares, ahead of a listing on West Africa's BRVM exchange.
Olugbenga Agboola's Flutterwave takes Circle investment to expand USDC settlement in Africa
Flutterwave secured a strategic investment from Circle Ventures to embed USDC settlement into its payments network across 34 African markets.
Nigerian businessman Wale Tinubu's Oando swings back to profit as production jumps 32%
Wale Tinubu's Oando swung to a 204.8 billion naira profit for 2025 as production rose 32%, and the company targets higher output in 2026.
Burkinabe tycoon Idrissa Nassa's Coris Bank sets up Cameroon unit as it pushes into Central Africa
Coris Bank, led by Idrissa Nassa, has incorporated a Cameroonian subsidiary and named its leaders, awaiting approval to start operations. Ghost