Congo-Brazzaville raises $850 million in landmark bond market return
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
West & Central Africa
Nigerian Logistics mogul Taiwo Afolabi urges African firms to build global-scale corporations that outlast their founders
SIFAX chairman Taiwo Afolabi told the Africa CEO Forum in Kigali that the continent must build large corporations strong enough to outlast their founders.
Aigboje Aig-Imoukhuede calls Africa's risk premium a 'tax on development'
Access Holdings chairman Aigboje Aig-Imoukhuede told the Africa Forward Summit in Nairobi the continent's growth now depends on cutting its punitive cost of capital.
Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Africa's richest man plans to double his refinery and invest $45 billion more as he targets a $200 billion group valuation
Aliko Dangote told the CEO of Norway's sovereign wealth fund he plans to invest $45 billion more and double his refinery capacity to 1.4 million barrels per day within 30 months.
Aliko Dangote activates Olokola Deep Sea Port plan as Vision 2030 push accelerates across Ogun and Ondo
Aliko Dangote's group has begun work on the Olokola Deep Sea Port, a 10,000-hectare export hub across Ogun and Ondo states under Vision 2030.
How Nigerian businessman Arthur Eze's Atlas Oranto lost oil licenses across 4 African countries
Nigerian tycoon Arthur Eze's Atlas Oranto has lost oil blocks in 4 African countries as governments crack down on dormant licenses.
Billionaire TY Danjuma donates $2.2 million at former President Yakubu Gowon's autobiography launch
Retired General TY Danjuma donated N3 billion at the Abuja launch of Yakubu Gowon's autobiography, with Aliko Dangote adding N500 million and AbdulSamad Rabiu purchasing N25 million in copies.
Ghanaian tycoon Joseph Siaw Agyepong's Zoomlion begins clearing Nairobi's 409 illegal dump sites
Joseph Siaw Agyepong's Zoomlion Kenya has begun clearing Nairobi's 409 illegal dump sites and now processes over 832 tonnes of waste weekly under a 20-year city contract.
Nigeria cleared its pension funds to invest in Aliko Dangote's refinery IPO and now he says the listing will democratise African wealth
Nigeria's pension regulator granted a one-off waiver allowing pension funds to invest in the Dangote Refinery IPO, as Dangote told South African pension chiefs the listing will democratise African wealth.
Nigerian oil tycoon Wale Tinubu says Africa must stop begging for foreign capital and fund its own energy future
Oando CEO Wale Tinubu told Reuters Africa must stop depending on foreign capital and build its own financing mechanisms as Oando prepares a $750 million drilling campaign.
Nigerian oil tycoon Tein Jack-Rich disqualified from Senate run
Oil mogul Tein Jack-Rich was blocked from Nigeria's APC Senate primary for Rivers West, while a rival was quietly reinstated on the same day, exposing a deeper political power struggle.
Ghana's McDan rejects GACL "buyer beware" notice as 16-acre Spintex land dispute heads to Court of Appeal
Daniel McKorley's McDan Group has rejected Ghana Airports Company Limited's warning against developing a contested 16-acre Spintex parcel as the appeal pushes ahead.
Tycoon William Tewiah's $338 million ZEN Petroleum stake makes him the richest stockholder on the Ghana Stock Exchange
William Tewiah's 80% stake in ZEN Petroleum is worth GHS 3.87 billion, making him Ghana's wealthiest individual stockholder, overthrowing Daniel Ofori.
How tycoon William Tewiah built a $420 million energy empire in Ghana with no oil experience and one contract
William Tewiah left a career in London finance and drove his own fuel tankers to Ghana's gold mines. He built an empire doing it.