Ghana's wealthy Adjei family owns 86% of Kasapreko, a stake now worth $540 million
The Adjei family holds 3.55 billion Kasapreko shares, about 86% of the Alomo Bitters maker, worth GHS6.28 billion or roughly $540 million.
West & Central Africa
Nigerian tycoon Tony Elumelu tells investors that aid will not industrialise Africa
Tony Elumelu told a UN General Assembly session that aid cannot build industries, and urged investors to partner with African businesses instead.
Nigerian oil tycoon Abdulrahman Bashar's Abuja mansion is sealed over $40 million debt
Bailiffs enforced court orders against Abdulrahman Musa Bashar's properties in Lagos and Abuja over a $40 million judgment debt.
Nigerian oil tycoon Tunde Afolabi is building a gas field to feed Nigeria LNG's Train 7
Amni, founded by Tunde Afolabi, and TotalEnergies have approved the Ima gas field, which will supply a third of Nigeria LNG's Train 7 feedstock.
Ghanaian tycoon Sam Jonah is helping raise $1 billion for African critical minerals
Former Gold Fields CEO Chris Griffith is raising $1 billion for African critical minerals with Colin Coleman and Ghana's Sam Jonah.
Senegalese billionaire Yerim Sow's Bridge Bank starts trading in Abidjan on Wednesday
Bridge Bank starts trading on the BRVM on Sept. 24 under BBGC, after drawing CFA95.8 billion of orders for CFA67.5 billion of shares.
Nigerian billionaire Aliko Dangote will break ground on his Kenyan refinery on Sept. 30
Construction of the $17 billion East Africa Refinery at Lamu starts Sept. 30, while Dangote Cement has ruled out a Kenyan plant over limestone.
Nigeria's four billionaires are running the playbook that built industrial America
Dangote, Adenuga, Rabiu and Otedola are running versions of the playbooks Rockefeller, Ford, Carnegie and Morgan used to build America.
Nigerian billionaires Dangote and Rabiu face a Chinese-owned rival as cement prices double
HBM Nigeria, formerly Lafarge Africa and now owned by China's Huaxin, wants distributors with N250 million each as cement tops N12,500 a bag.
Africa's richest man Aliko Dangote will take his fertiliser company public in 2028
Aliko Dangote says Dangote Fertiliser will list in 2028, when he expects capacity to reach 12 million tonnes a year across Nigeria and Ethiopia.
Ivorian cotton tycoon Koné Daouda Soukpafolo completes takeover of fabric maker Uniwax
COIC, owned by Ivorian cotton tycoon Koné Daouda Soukpafolo, now holds 72.29% of Uniwax after buying 15 million shares from Dutch group Vlisco.
Nigerian-born tycoon Bassim Haidar puts his £18 million One Hyde Park flat up for sale
Reform donor Bassim Haidar is selling his £18.2m One Hyde Park flat and homes in Mayfair, Kensington and Chelsea amid fears over Labour taxes.
Nigerian billionaire Aliko Dangote plans $3.5 billion pipeline to supply fuel across Southern Africa
Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua.
Nigerians who bought $4 of Dangote's refinery are calling board meetings online
Nigerians who bought the minimum 10 shares in Dangote's refinery are posting mock ownership certificates and demanding board meetings online. GHOST
Sadio Mané is investing $20 million of his own money in a mango factory in his village
Sadio Mané laid the foundation stone for SM10 Agro at Bambali on Sept. 19, a 500-hectare agro-industrial park he is funding himself.
French billionaire Vincent Bolloré promises President Tinubu more investment in Nigeria
Vincent Bolloré told Bola Tinubu his group will deepen its Nigerian operations, in a market where DStv and GOtv have been shedding customers.