Nigerian businessman Tony Elumelu’s Transcorp grows profit 20% to $62 million in nine months
Transcorp, chaired by Nigerian businessman Tony Elumelu, reports a 20% profit rise to $62 million, boosted by power and hospitality growth.
West & Central Africa
Access Holdings, led by Aig-Imoukhuede, posts profit drop on lower forex gains
Access Holdings, led by Aigboje Aig-Imoukhuede, reports a profit decline as lower forex gains and rising costs weigh on results.
Aliko Dangote’s cement company profit nearly triples to $508 million
Aliko Dangote’s Dangote Cement profit jumps to $508 million, marking a milestone for Nigeria’s largest cement producer.
Abdul Samad Rabiu set to become Nigeria’s next $10 billion man
Nigerian billionaire Abdul Samad Rabiu’s fortune hits $9.2 billion, fueled by strong gains in BUA Foods and BUA Cement shares.
Aradel, led by Adegbite Falade, eyes majority stake in ND Western in expansion push
Aradel Holdings boosts its ND Western stake to 81.67%, strengthening its control in Nigeria’s oil and gas sector.
Nigeria commits $1 billion to Lagos port upgrade after Gilbert Chagoury's firm win
Nigeria approves $1 billion to modernize Lagos seaports after Gilbert Chagoury’s ITB Nigeria wins upgrade contract.
Bloomberg pegs Dangote’s net worth at over $30 billion; Forbes says not yet
Bloomberg values Aliko Dangote at $30.5 billion, while Forbes says he remains $3.9 billion short of reaching the $30 billion milestone.
Gabonese oil tycoon Samuel Dossou-Aworet set for big payout from ND Western
Gabonese oil magnate Samuel Dossou-Aworet eyes a major payout as Petrolin plans to sell its 40 percent ND Western stake to Aradel Energy.
Nigerian tycoon Rasheed Sarumi-led Presco sees profit doubles as revenue surge to $187 million
Rasheed Sarumi-led Presco sees profit surge to N110.79 billion and revenue climb to N274.5 billion on higher palm oil prices.
Senegalese businessman Tamsir Ousmane Traore buys Ivorian freight startup
Senegalese businessman Tamsir Ousmane Traoré acquires Ivorian freight startup Kamtar, expanding Logidoo’s digital logistics network across West Africa.
Africa’s richest man Aliko Dangote's refinery plans 10% stake listing on the NGX
Africa’s richest man Aliko Dangote plans a 10% listing of his $20 billion refinery on the Nigerian Exchange to expand investor participation.
Dangote’s refinery IPO could make him Africa’s first $100 billion man
Nigeria’s richest man is preparing to list a slice of his refinery, and if the market agrees with his valuation, it could send his net worth soaring to levels few in the world have reached.
Alain Nkontchou's Enko Capital closes $100 million round for private credit expansion
Enko Capital, led by Cameroonian financier Alain Nkontchou, raised $100 million to boost private credit access for mid-sized African firms.
Aliko Dangote’s net worth surges, now $200 million shy of $30 billion
Aliko Dangote’s fortune hits $29.8 billion as gains from his cement and refinery ventures push him closer to the $30 billion mark.
American-Burkinabe banker Simon Tiemtoré's Vista Group gets $34 million to aid West African SMEs
Vista Group, led by banker Simon Tiemtoré, gets $34.8 million from the EIB to expand SME financing in Guinea and Sierra Leone, aiding women and youth.
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint raises $90 million for expansion
Moniepoint, founded by Nigerian entrepreneur Tosin Eniolorunda, has raised $90 million to drive its African expansion and strengthen global fintech operations.