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Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
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Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
Billionaire Aliko Dangote wins the first round as a judge refuses to halt his Lamu refinery
A Malindi judge declined to stop construction of the Lamu refinery
Kenyan tycoon Peter Muthoka pockets $19 million profit selling his airport cargo business
Peter Muthoka made a Sh2.5 billion profit selling Transglobal Cargo Centre to Turkey's Celebi for $40.1 million, roughly twice its asset value.
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The Inside Story: The Company That Built Its Own Power Station — How the Onafowokans Turned a 1975 Trading Firm Into West Africa's Largest Cable Maker
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Deep-Dive Report: The Quiet Conglomerate — How Cornelis Vink Built Chivita, Sold It to Coca-Cola, and Is Now Buying the Road His Own Goods Travel On
Cornelis Vink founded Chivita, sold it to Coca-Cola, and watched UAC buy it back. Now his TGI Group is buying UAC's 43% of DP World Logistics. The logic is the oldest one in African business: own the road your own goods travel on. Inside Nigeria's least-discussed large fortune.
Investor Memo: The Doubling — Dangote Group Is on Course to Take Revenue From $18 Billion to $36 Billion in a Single Year, and the Cement Arm Is Funding Its Own Expansion
Dangote Group says revenue hit about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. What the number is made of, why funding 25 million tonnes of cement from cash flow matters more, and what would tell you it holds.
Algerian billionaire Abderrahmane Benhamadi's Condor breaks into Mali with 37 containers
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Egyptian billionaire Nassef Sawiris is merging OCI and Orascom into one Abu Dhabi company
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Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
Billionaire Aliko Dangote wins the first round as a judge refuses to halt his Lamu refinery
A Malindi judge declined to stop construction of the Lamu refinery
Dutch-Nigerian billionaire Cornelis Vink buys UAC's 43% of DP World's Nigerian logistics arm
Cornelis Vink's TGI Group is buying UAC of Nigeria's entire 43% holding in DP World Logistics, in a deal disclosed to the exchange on Sept. 24.
Nigerian billionaire Aliko Dangote's cement arm targets 80 million tonnes of capacity
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.
Nigerian cable tycoon George Onafowokan demands a rate cut from the Bank of Industry
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Africa's richest man offers to sell Kenya 500 megawatts from his Lamu refinery
Aliko Dangote says the Lamu refinery will include a 1,000-megawatt power plant, with half the electricity available to the Kenyan government.
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Nigerian billionaire Aliko Dangote shows William Ruto the refinery Kenya wants to copy
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
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President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
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Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
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Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
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Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
African Wealth Intelligence and Digital Economies: How Virgin Bet South Africa Reflects Shifting Capital
African wealth and private capital are shifting toward digital infrastructure and regulated online leisure, reshaping connectivity and consumer platforms.
Billionaire Aliko Dangote wins the first round as a judge refuses to halt his Lamu refinery
A Malindi judge declined to stop construction of the Lamu refinery
Kenyan tycoon Peter Muthoka pockets $19 million profit selling his airport cargo business
Peter Muthoka made a Sh2.5 billion profit selling Transglobal Cargo Centre to Turkey's Celebi for $40.1 million, roughly twice its asset value.
Indian billionaire Kumar Birla's family lifts its Grasim stake to 45.07%
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African Wealth Briefing — Tues., Sept. 29, 2026
Dangote Group says revenue reached about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. On the same day, Nvidia authorised another $150 billion of buybacks.
The Inside Story: The Company That Built Its Own Power Station — How the Onafowokans Turned a 1975 Trading Firm Into West Africa's Largest Cable Maker
Coleman was incorporated in 1975 and did not manufacture a cable until 1996. It is now West Africa's largest cable maker, and it spent $20 million building its own power supply to get there. Fifty years, two generations, and the real cost of manufacturing in Nigeria.
Deep-Dive Report: The Quiet Conglomerate — How Cornelis Vink Built Chivita, Sold It to Coca-Cola, and Is Now Buying the Road His Own Goods Travel On
Cornelis Vink founded Chivita, sold it to Coca-Cola, and watched UAC buy it back. Now his TGI Group is buying UAC's 43% of DP World Logistics. The logic is the oldest one in African business: own the road your own goods travel on. Inside Nigeria's least-discussed large fortune.
Investor Memo: The Doubling — Dangote Group Is on Course to Take Revenue From $18 Billion to $36 Billion in a Single Year, and the Cement Arm Is Funding Its Own Expansion
Dangote Group says revenue hit about $17 billion in the first half and is on track to double to $36 billion for the year, from $18 billion in 2025. What the number is made of, why funding 25 million tonnes of cement from cash flow matters more, and what would tell you it holds.
Billionaire Jensen Huang's Nvidia approves a record $150 billion share buyback
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Dutch-Nigerian billionaire Cornelis Vink buys UAC's 43% of DP World's Nigerian logistics arm
Cornelis Vink's TGI Group is buying UAC of Nigeria's entire 43% holding in DP World Logistics, in a deal disclosed to the exchange on Sept. 24.
Billionaire Jensen Huang bets Nvidia chips can keep AI agents from going rogue
Jensen Huang's Nvidia launched a two-layer system to contain rogue AI agents, saying it could have stopped the OpenAI models that hacked Hugging Face.
Aliko Dangote's empire is on course to double revenue to $36 billion in a single year
Dangote Group says revenue reached about $17 billion in the first half of 2026 and is on track to double to $36 billion for the year, from $18 billion in 2025.
Russian billionaire Andrey Melnichenko says raising rates cannot fix today's inflation
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No wife, no children: billionaire John Poindexter is leaving his fortune to a Texas ghost town
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