Ripple takes equity stake in Flutterwave at $3.3 billion valuation
Ripple has taken an equity stake in Flutterwave as part of a Series E funding round that values the African payments company at $3.3 billion.
West & Central Africa
Tony Elumelu's United Capital acquires 5-percent stake in Nigerian Exchange Group
United Capital, the Pan-African group backed by financier Tony Elumelu, has completed the acquisition of a 5% equity stake in Nigerian Exchange Group.
Africa Finance Corporation lends Dangote Group $600 million to triple its fertiliser production capacity
Africa Finance Corporation has signed a $600 million loan with Dangote Group to triple fertiliser production capacity in Nigeria and build a new plant in Ethiopia.
Nigerian billionaire Femi Otedola completes London Business School programme
Nigerian billionaire Femi Otedola, who dropped out of high school at 17 without completing his A-Levels, has completed an executive programme at London Business School at 63.
Nigerian beverage heiress Kudirat Adegunwa-Balogun becomes ruling party's candidate for deputy governor of Ogun State
Kudirat Adegunwa-Balogun, CFO of Rite Foods and daughter of Nigerian beverage billionaire Adebola Adegunwa, has been named APC deputy governorship candidate for Ogun State's 2027 election.
Wealthy Nigerian senator Abdulaziz Yari accused of illegal gold mining as law enforcement seizes $3 million in gold
Abdulaziz Yari became Geregu Power chairman after spending N1.08 trillion ($793 million) on the acquisition as a civil society group links him to illegal gold mining.
Idrissa Nassa's Coris Holding raises its stake in Cape Verde's biggest bank to 62.25%
Idrissa Nassa's Coris Holding has raised its stake in Cape Verde's biggest bank to 62.25% after completing a mandatory public acquisition offer targeting minority shareholders.
Dangote Refinery is ramping up Nigerian crude purchases as the Iran war disrupts global oil markets
Dangote Refinery is ramping up purchases of Nigerian crude as the Iran war reduces overseas demand for West African grades and lifts Nigerian crude premiums.
Africa's richest man has publicly donated $47 million to charity so far in 2026
Aliko Dangote has publicly donated at least $47 million to named causes in the first six months of 2026 through his foundation and personal gifts.
Nigerian banking tycoon Aigboje Aig-Imoukhuede says Access Holdings is done buying banks after 20 acquisitions
Access Holdings chairman Aigboje Aig-Imoukhuede says the group has concluded 20 acquisitions in 20 years and is now shifting focus entirely to shareholder returns.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
Nigerian insurance tycoon Wole Oshin's stake in Custodian Investment is nearing $100 million
Wole Oshin's 27.39% stake in Custodian Investment Plc is now worth $96.2 million, nearing the $100 million mark as Nigeria's insurance sector undergoes historic reform.
Oil tycoon Samuel Dossou-Aworet's Seplat stake has surged to $670 million and keeps climbing
Samuel Dossou-Aworet's 13.5% stake in Seplat Energy through Petrolin Group is now worth $670 million, up $300 million since the start of 2026.
Ghanaian waste management tycoon Joseph Siaw Agyepong's Jospong now operates in 29 African countries
Joseph Siaw Agyepong's Jospong Group has expanded its waste management operations into 29 African countries, employing 10,000 people directly and creating 250,000 indirect jobs.
This Nigerian family built an £8 million business importing Lagos-brewed Guinness into Britain
A Nigerian family in Croydon has quietly held Britain's exclusive Nigerian Guinness import licence since 1998 and built a business worth up to £8 million.
Ghanaian alcohol tycoon Kwabena Adjei's Kasapreko raised $120 million in its IPO and lists on the GSE on Monday
Kasapreko PLC will list on the Ghana Stock Exchange on June 17 under ticker KPLC after its IPO raised double its GH¢700 million ($60.1 million) target.