Nigerian energy tycoon Tope Shonubi’s Asharami Energy wins Kenya’s LPG deal
This win pushes aside the state-owned Kenya Pipeline Company (KPC) and challenges the expansion plans of Tanzanian energy giant Lake Oil, owned by Ally Edha Awadh.
West & Central Africa
MTN unfreezes $23 million as court rules against Cameroon's richest man
This is a major twist in the ongoing legal battle between Baba Ahmadou Danpullo and First National Bank (FNB), with MTN Cameroon caught in the middle.
Burkina Faso's richest man starts construction of Gabon's $370 million airport
EBOMAF has also been tapped to lead the development of Libreville 2 — a brand-new city designed for smart living and sustainable growth.
Mike Adenuga warns MTN-Airtel deal could harm fair competition in Nigeria
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
Idrissa Nassa’s Coris Bank secures $7.6 Proparco guarantee to boost trade in Chad
Coris Bank secures $7.6 million guarantee to boost trade in Chad, addressing supply gaps and supporting local industries for long-term economic growth.
Aradel, led by Ladi Jadesimi, completes acquisition of Olo marginal fields
This strategic move strengthens Aradel’s upstream portfolio and advances its multi-field cluster development strategy in the Niger Delta.
Nigerian billionaire Abdul Samad Rabiu to pocket $143 million dividend from BUA Foods
This dividend, which will be paid on September 25, is the lion’s share of the proposed N234 billion ($152.43 million) payout for the year.
Fidson, led by Fidelis Ayebae, declares $1.49 million dividend for shareholders
The payout reflects the pharmaceutical group’s focus on rewarding investors following an impressive financial performance in 2024.
Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
Aradel, led by Nigerian businessman Ladi Jadesimi, declares $62 million dividend
Aradel reports record earnings, raises dividends, and expands its asset base through strategic acquisitions, strengthening its position in Nigeria’s energy sector.
MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
Gervais Koffi Djondo: Togolese visionary behind Ecobank and Asky Airlines’ rise
Djondo’s legacy extends beyond banking, his vision for economic integration has reshaped finance and aviation across Africa.
From $1.8 billion deal to legal trouble: Nigerian businesswoman Aisha Achimugu wanted for money laundering
The move follows her involvement in a $1.8 billion oil project with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada.
Seydou Kane: Reclusive Malian tycoon with business ventures spanning real estate, telecom, and finance
Malian-born Seydou Kane built a thriving business empire in Gabon across real estate, finance, and trade, while fostering diplomatic and philanthropic ties.
Segun Agbaje leads GTCO to record $661.3 million profit, sets $134.4 million dividend payout
This highlights the leading lender’s robust financial discipline and commitment to maximizing shareholder value.
Zenith Bank’s 2024 profit hits $671 million with Adaora Umeoji at the helm
Zenith Bank reports strong $670 million profit, strengthens position among Africa’s most profitable lenders