Access Holdings, led by Aigboje Aig-Imoukhuede, backs Zambia with $100 million pledge
Access Holdings pledges $100 million to boost Zambia’s energy and agriculture, strengthening power supply and food security.
West & Central Africa
Gambian tech multimillionaire Muhammed Jah donates 500-seater pavilion to Banjul stadium
Muhammed Jah’s 500-seat pavilion at KG5 mini stadium ends years of rain-soaked match days for Banjul’s most devoted football fans.
Triumph Over Legal Tyranny: Billionaire Benedict Peters’ £50m UK Property Battle Ends in Victory
Billionaire Benedict Peters ends decade-long UK property dispute, reclaiming £50 million in London real estate and asserting faith and principle.
Cameroonian banker Alain Nkontchou to acquire Nedbank’s $100 million Ecobank stake
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
Nigerian oil mogul Wale Tinubu's Oando approves $1.5 billion funding plan
The funding plan allows Oando to issue bonds, certificates, and other securities in phases, subject to regulatory clearance.
Africa’s richest man Aliko Dangote’s refinery lowers petrol prices across Nigeria
Dangote refinery cuts petrol price to $0.534 per liter, boosting Nigeria’s energy independence and processing 500,000 barrels daily.
Gemfields, linked to South African billionaire Desmond Sacco, sells Fabergé for $50 million
Gemfields is selling luxury jeweler Fabergé to SMG Capital for $50 million, refocusing on core mining operations in Mozambique and Zambia.
Aliko Dangote’s $20 billion refinery deploys 4,000 CNG trucks in Nigeria
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
French billionaire’s firm Canal+ hit as Ghana orders MultiChoice shutdown over rates
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
Billionaire Abdul Samad Rabiu’s BUA Foods becomes Nigeria’s most valuable company
BUA Foods tops Nigerian Exchange with $6.76 billion valuation; revenue grows 36%, net profit doubles in first half of 2025.
Court backs FBNQuest Trustees in move to seize energy assets linked to Tope Shonubi
A Lagos court has cleared FBNQuest Trustees to appoint a receiver over Tope Shonubi’s KEPCO, opening the way to seize key power assets.
Nigerian billionaire Adebayo Ogunlesi’s net worth rises to $2.5 billion after $800 million gain
Adebayo Ogunlesi’s fortune rises to $2.5 billion in 2025 after an $800 million gain from BlackRock stake growth and major deals.
Nigerian billionaire TY Danjuma’s May & Baker to expand manufacturing with new facility
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
Nigerian logistics tycoon Taiwo Afolabi’s SIFAX Group boosts Lagos port efficiency
SIFAX Group partners with Micura Services and expands trade links to the UK, India, and China to improve Lagos port operations and ease exports.
Afreximbank backs $4 billion refinancing loan for Aliko Dangote’s refinery
The deal forms part of a broader $4 billion syndicated loan package aimed at refinancing earlier capital costs tied to the construction of the $20 billion refinery.
Nigerian energy tycoon Ademola Adeyemi-Bero’s First E&P pursues Tanzanian gas opportunity
Ademola Adeyemi-Bero'S Nigeria’s First E&P is expanding into Tanzania’s gas sector, part of a broader push by Nigerian companies to grow beyond West Africa’s oil fields.