Gabonese tycoon Samuel Dossou-Aworet’s $86-million stake in London-based Tullow highlights global energy interests
Dossou-Aworet leads Petrolin Group, a powerhouse in Africa's oil and gas sector, where he has brokered landmark deals and investments since 1992.
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Nigerian banker Ladi Balogun-led FCMB Group completes initial phase of capital raise
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
Nigerian insurance tycoon Wole Oshin’s Custodian projects $18-million profit for Q4 2024
Custodian Investment expects a 119.74-percent profit increase in Q4 2024, with after-tax profit projected to reach N30.98 billion ($18 million).
Nigerian billionaire Femi Otedola’s FBN Holdings to divest merchant banking unit
FBN Holdings, led by Femi Otedola, is selling its 100-percent stake in FBNQuest Merchant Bank to streamline operations and focus on core banking.
Battle for Africa’s richest: Johann Rupert’s wealth drops by $900 million, Dangote set to overtake
According to Bloomberg, Johann Rupert edges Aliko Dangote by $100 million, with a net worth of $13.4 billion vs. Dangote's $13.3 billion.
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Richemont, led by Africa's richest man Johann Rupert, urges luxury watchmakers to cut production
Richemont Chairman Johann Rupert urges luxury watchmakers to cut production as global demand cools, warning that oversupply could harm brand value amidst market shifts.
Sibanye-Stillwater, led by CEO Neal Froneman, to cut palladium and platinum output by 45 percent
Sibanye-Stillwater is cutting palladium and platinum production by up to 45 percent to regain profitability amid falling prices.
Egypt's wealthy Khamis family seals deal for $1.5-million solar plant
Oriental Weavers partners with IRSC to install a $1.5-million solar power plant, reinforcing its commitment to sustainability and reducing carbon emissions by 4,000 tonnes annually
7 businesses owned by Nigerian senator and mogul Orji Uzor Kalu
Orji Uzor Kalu's business portfolio spans media, shipping, finance, and more. Here are seven key ventures that define his success as a Nigerian entrepreneur.