Aliko Dangote’s fortune rebounds: Africa’s richest man nears $30 billion
A surge in the market value of his stake in Dangote Cement, Africa’s largest cement maker, has added $800 million to his wealth in just three day.
West & Central Africa
Nigerian billionaire Femi Otedola's FBN rebrands to First HoldCo Plc as assets surpass $17 billion
The rebranding reflects a future-focused vision built on a legacy of trust, resilience, innovation, and exceptional service.
Two years after Funke Opeke’s MainOne deal, Equinix unveils $1 billion data center in Saudi Arabia
The announcement was made at the LEAP 2025 tech conference in Riyadh, which brought together participants from 18 countries.
Africa’s richest man, Aliko Dangote’s net worth grows by $201 million in 24 hours
With this latest boost, his year-to-date loss has narrowed to $461 million.
Sanlam, backed by Patrice Motsepe, partners with Fedhealth to expand affordable healthcare in South Africa
Sanlam partners with Fedhealth to provide integrated healthcare, insurance, and investment solutions, expanding affordable healthcare access to South Africans.
Nigerian tech entrepreneur Victor Alade’s Raenest secures $11 million to expand cross-border payment solutions
This latest funding follows a $700,000 pre-seed round in 2022 and a $2.6 million seed round in 2023, bringing Raenest’s total funding to $14.3 million.
Nigerian banker Adaora Umeoji-led Zenith Bank lists 9.67 billion shares on NGX after hybrid offer
Zenith Bank adds 9.67 billion shares on NGX, capital boost meets CBN requirement.
Sayyu Dantata’s MRS Oil cuts petrol price after Dangote Refinery’s reduction
This follows Dangote Oil Refinery’s recent move to lower its ex-depot price by 6.3 percent, from N950 ($0.64) to N890 ($0.60), after a drop in global crude oil prices.
Refinery owned by Africa’s richest man set to hit full capacity in 30 days
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.
How a tailor’s son became a multimillionaire: The rise of Nigerian industrialist Razaq Okoya
Okoya’s legacy is about people. His companies employ over 5,000 Nigerians and support the livelihoods of more than 25,000 others who sell Eleganza products.
How Patricia Poku Diaby became Ghana’s richest woman and cocoa powerhouse
Poku Diaby’s business success has made her one of Ghana’s most influential figures, with an estimated net worth of over $400 million.
Billionaire Mike Adenuga’s Globacom makes retail expansion in north-eastern Nigeria
The expansion aligns with Globacom’s long-term strategy of deepening its presence across the country.
Nigeria’s 10 richest businessmen in 2025
From cement and construction to telecoms and finance, Nigeria’s richest businessmen have built empires that extend far beyond the country’s borders.
Egyptian businessman Ahmed El-Sewedy’s stake in Elsewedy Electric surges past $870 million
This recent surge adds to an impressive $304 million gain in 2024.
Emmanuel Okeleji’s SeamlessHR targets $720 million opportunity in Nigeria’s public sector
With over 720,000 civil servants, the Nigerian government represents a lucrative growth opportunity.
Africa’s richest man, Aliko Dangote’s refinery exports jet fuel to Saudi Arabia
Dangote said the refinery, which began operations in early 2024, is steadily ramping up production, now reaching 550,000 barrels per day (bpd).