Folashade Afolabi, wife of Sifax boss, holds $24.7 million stake in SAHCO Plc
Folashade Afolabi holds a 17.86% stake in SAHCO worth N34.6 billion at current market prices as the company posts record profit of N11.73 billion.
West & Central Africa
SAHCO profit surges 142% to N11.73 billion in 2025 as chairman Taiwo Afolabi's 60.72% stake hits $84 million
SAHCO posted N11.73 billion profit after tax in 2025, up 142%, as revenue rose 54% to N44.46 billion. Chairman Taiwo Afolabi's controlling stake is now worth N117.68 billion.
Ghanaian mogul Ibrahim Mahama's jet departs for air ambulance conversion
Ibrahim Mahama's Bombardier 604 jet, known as the Dzata aircraft, departed Ghana on April 3 for conversion into a free emergency air ambulance for all Ghanaians.
Nigerian billionaire Abdul Samad Rabiu drops to 4th on Africa rich list after Nathan Kirsh deal
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
Africa's richest man Aliko Dangote pledges $14.2 million to Nigeria's National Community Food Bank
Nigeria's First Lady Oluremi Tinubu has launched the National Community Food Bank Programme in Abuja, raising over N65 billion in pledges from the private sector and government to tackle child malnutrition.
Hassanein Hiridjee's Axian Energy reaches financial close on West Africa's largest solar and battery storage project in Senegal's Casamance region
Axian Energy has reached financial close on the NEA Kolda project, a 60MW solar and 72MWh battery storage plant in Senegal's Casamance region and the largest such hybrid facility in West Africa.
GB Agboola's Flutterwave secures Nigerian microfinance banking licence after 10 years as a payments company
Flutterwave has secured a Nigerian microfinance banking licence from the Central Bank of Nigeria, allowing it to hold deposits, offer accounts and lend directly for the first time in its 10-year history.
How Ghanaian tycoon Daniel McKorley's McDan Aviation lost its Kotoka Airport terminal in a midnight raid over debt
Ghana Airports terminated Daniel McKorley's McDan Aviation FBO licence at Kotoka over unpaid fees and sent officials in at 1am despite a court injunction, sparking a major legal and political dispute.
Nigerian gambling magnate Kessington Adebutu to pocket N14.8 billion in Wema Bank dividends
Premier Lotto founder Kessington Adebutu will collect N14.84 billion in gross dividends from Wema Bank after the lender posted record profit before tax of N222 billion in 2025.
Nigerian tycoon Kessington Adebutu's Wema Bank stake is now worth N314.6 billion
Kessington Adebutu's 11.87 billion Wema Bank shares are now worth N314.63 billion, equivalent to $224.74 million, as the lender's share price rises to N26.50.
CSOs petition Nigerian President Tinubu over businessman Jimoh Ibrahim's UN posting
A 117-group civil society coalition has petitioned President Tinubu and the UN Secretary-General to review Jimoh Ibrahim's appointment as Nigeria's UN permanent representative.
Billionaire Abdul Samad Rabiu reinstates 400 sacked BUA Cement drivers and pays their three months' salary arrears
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
GTCO CEO Segun Agbaje will pocket N410 million from a record dividend but owns just 0.088% of the bank he spent 15 years building
GTCO posted record profit before tax of N1.23 trillion and declared N12.76 per share dividend under Segun Agbaje, but his 32 million shares raise questions about his stake in the bank.
Nigeria's Masai Ujiri joins Serena Williams as a principal owner of WNBA's Toronto Tempo ahead of the franchise's inaugural season
Nigerian basketball executive Masai Ujiri has joined Serena Williams as a principal owner of the WNBA's Toronto Tempo ahead of its inaugural 2026 season.
Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.