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.
West & Central Africa
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.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods invests in new mills, sugar plantations
The company said it is accelerating its Backward Integration Project (BIP) in line with the federal government’s extended Sugar Master Plan 2.0.
Aliko Dangote's refinery to begin direct petrol supply in Nigeria
Dangote Refinery will start direct petrol supply to 11 Nigerian states from Sept. 15, setting pump prices at N841 to N851 per liter.
Wema Bank, partly owned by gambling magnate Adebutu, wins nod for $100 million capital raise
The capital raise, which opened on April 14 and closed on May 21, was part of the lender’s plan to meet the CBN’s recapitalization directive for commercial banks.
Nigerian businessman Samuel Maduka Onyishi’s C&I Leasing wins approval for $20 million raise
C&I Leasing, chaired by Nigerian entrepreneur Samuel Maduka, won approval to raise $20 million in debt and equity to expand and refinance debt.
OpenAI seals $300 billion cloud computing deal, months after Ogunlesi joins board
OpenAI signs $300 billion Oracle deal after Adebayo Ogunlesi joins board, fueling AI growth and valuation push.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa begins Kenya data center project
Airtel Africa has broken ground on a 44-megawatt Nxtra data center at Tatu City, Kenya, to serve enterprises, government agencies, and global cloud providers.
Ghana’s richest investor, Daniel Ofori, gains $7.6 million on GCB Bank shares
Ghana’s richest investor Daniel Ofori gains $7.6 million from GCB Bank’s 73% stock rally this year.