Senegal cancels Akon’s multibillion-dollar city, reclaims land for new $1.2 billion resort plan
Senegal cancels Akon City over delays and unveils a $1.2 billion resort plan in Mbodiène to attract investors and create 15,000 jobs.
West & Central Africa
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
Ghanaian businessman Kevin Okyere’s Springfield denies fraud allegations in $100 million dispute
Kevin Okyere’s Springfield rejects fraud claims, citing due diligence and unresolved funding terms with Petraco.
Africa’s richest man Aliko Dangote outlines expansion plans for $3 billion fertilizer plant
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
Ghanaian businessman Ibrahim Mahama seals $100 million gold financing deal
Ibrahim Mahama’s $100 million deal backs Ghana’s first large-scale, locally owned gold mine, shifting control from foreign to local hands.
American-Burkinabe banker Simon Tiemtoré's Vista Group buys Société Générale Burkina Faso
The deal strengthens Vista’s position in the West African nation, reinforcing its ambitions to build a continent-spanning financial powerhouse.
Ghanaian businessman Joseph Siaw Agyepong targets Kenya in latest expansion push
Joseph Siaw Agyepong teams up with Kenyan officials to scale African-led waste solutions through Zoomlion’s sanitation model.
Nigerian energy mogul Ahonsi Unuigbe pushes NGX cross-listing talks in Dubai
Ahonsi Unuigbe deepens ties between Nigeria’s markets and Dubai to unlock global capital for African energy firms.
Nigerian energy tycoon Austin Avuru gains $15 million from Seplat stake
Seplat Energy co-founder sees major rebound after an earlier market dip, reaffirming strength in Nigeria’s energy sector.
Nigerian banker Segun Agbaje-led GTCO targets $100 million in UK share sale
The move comes as the Lagos-based financial group seeks to recapitalize Guaranty Trust Bank Plc, its flagship banking unit, to meet new regulatory thresholds.
Moove, led by British-Nigerian entrepreneur Delano, nears $1.2 billion funding for U.S. expansion
Moove nears $1.2 billion debt raise to scale autonomous fleets in U.S. and Latin America after clearing early loan obligations.
Afreximbank raises Oando’s loan to $375 million as President’s nephew drives expansion
This is expected to fund Oando’s plans to ramp up production to 100,000 barrels of oil and 1.5 billion cubic feet of gas per day by 2029.
15 companies the late Nigerian businessman Aminu Dantata owned
Inside Aminu Dantata’s 15-company legacy spanning oil, real estate, banking, transport, and Nigeria’s economic rise.
Aliko Dangote’s mega refinery commits $467 million to CNG push
The refinery is deploying 4,000 CNG-powered trucks nationwide to deliver petrol, diesel, and aviation fuel directly to filling stations and industrial hubs.
Elon Musk’s Starlink reconnects Nigeria after regulatory halt
The expansion comes after significant upgrades to network capacity, aimed at boosting connectivity in Africa’s most populous nation.
Billionaire philanthropist Aminu Dantata, uncle to Aliko Dangote, dies at 94
News of his passing was confirmed on Saturday by his Principal Private Secretary, Mustapha Abdullahi Junaid, who shared the announcement with deep sorrow.