Aliko Dangote says his $5 billion refinery IPO opens within twelve days
Aliko Dangote told investors in Botswana that the refinery's IPO opens within 12 days, seeking about $5 billion in what would be Africa's largest.
West & Central Africa
Dangote Cement, Nestlé Nigeria and First HoldCo are joining the FTSE frontier index
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, First HoldCo and MTN Nigeria.
Botswana wants Aliko Dangote to build its cement, and its rail line, and more
President Duma Boko told Aliko Dangote in Gaborone that Botswana wants big-ticket projects, and pointed to a Trans-Kalahari rail line starting soon.
Why billionaire-controlled BUA, UBA, and Seplat missed FTSE’s Nigeria re-entry
FTSE Russell restored Nigeria to its Frontier Market Index, but billionaire-led giants like BUA, UBA, and Seplat were left off the list.
Billionaire Pierre Castel's family cannot remove the man running its African beer empire
Four branches of the Castel family have publicly distanced themselves from Romy Castel as the fight over Grégory Clerc's position drags into a year.
Indian billionaire family-linked Savannah Energy strikes gas at a second Nigerian well
Savannah Energy struck gas at a second Nigerian well, but its shares stay suspended over late accounts and net debt sits at $672 million.
Ivorian billionaire Jean Kacou Diagou is quitting Nigerian life insurance after 15 years
Jean Kacou Diagou's NSIA has approval to hand its Nigerian life portfolio to CHI Life, exiting a quarter of the subsidiary's revenue.
Kylian Mbappé-backed Alan buys Senegal's Tanel in first Africa deal
Alan, the French health insurance unicorn whose backers include Kylian Mbappé, has bought Dakar's Tanel its first move into Africa. The target is a million African customers by 2030, starting in Senegal and Côte d'Ivoire.
Nigerian tycoon John Alamu is 34 and already runs the country's largest cocoa processor
John Alamu started with ₦100,000 lending to market women in 2014. At 34 he runs Nigeria's largest cocoa processor and a bank in two countries.
Aliko Dangote's stake in Nigeria's Jaiz Bank is worth $18.2 million
Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.
Nigerian tycoon Ernest Azudialu-Obiejesi invests $28 million in drilling rigs
Nestoil invests $28m in rigs to lift OML 42 production
Singapore's wealthy Aswani family is still buying Guinness Nigeria shares after a $343 million gain
N-Seven Nigeria, a Tolaram subsidiary, bought 550,092 more Guinness Nigeria shares on Aug. 28, lifting the Aswani family holding above 70.86%.
Nigerian tycoon Gliffeth Wonuigwe's Gasgroup targets NGX listing, expands into refining, power, gas infrastructure, AI data centers
Gliffeth Wonuigwe, the Nigerian oil and gas executive who runs Gasgroup, is taking the company to the Nigerian Exchange main board and repositioning it from oilfield services into refining, LNG and power for artificial intelligence data centres.
Cameroonian cosmetics mogul Francis Nana Djomou is losing ground as imports surge 66%
Cameroon imported $99 million of cosmetics in 2025, up 66% in three years, in the market Francis Nana Djomou built with affordable local brands.
Nigerian billionaire Femi Otedola's First HoldCo stake now worth $1.4 billion at record high
First HoldCo hit an all-time high of N159.90 on Tuesday, lifting Femi Otedola's holding to about N1.97 trillion, roughly $1.42 billion.
Nigeria's oil refining just grew 43.94% and Aliko Dangote is the only reason
Nigeria's oil refining grew 43.94% in the second quarter, its strongest on record, as Dangote took 52.6 million barrels of crude.