Ladi Jadesimi's Aradel becomes Nigeria’s latest billion-dollar energy group with $1.2-billion market cap
Aradel Holdings has surged past the $1 billion valuation mark, with its market capitalization exceeding $1.2 billion
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Nigerian energy tycoon Tope Shonubi’s Asharami Energy wins Kenya’s LPG deal
This win pushes aside the state-owned Kenya Pipeline Company (KPC) and challenges the expansion plans of Tanzanian energy giant Lake Oil, owned by Ally Edha Awadh.
MTN unfreezes $23 million as court rules against Cameroon's richest man
This is a major twist in the ongoing legal battle between Baba Ahmadou Danpullo and First National Bank (FNB), with MTN Cameroon caught in the middle.
Burkina Faso's richest man starts construction of Gabon's $370 million airport
EBOMAF has also been tapped to lead the development of Libreville 2 — a brand-new city designed for smart living and sustainable growth.
Mike Adenuga warns MTN-Airtel deal could harm fair competition in Nigeria
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
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South African tech mogul Zak Calisto’s stake in Karooooo drops $87.9 million
The drop comes in the wake of sweeping U.S. tariffs, which have rattled investors and pushed the mobility Software-as-a-Service (SaaS) company’s stock lower.
Moi family’s Sosian Energy loses geothermal license in Kenya
The Moi family's energy company, Sosian Energy, faces setbacks as its geothermal project’s progress is halted amid growing scrutiny.
Waleed Zaki leads Egyptian real estate developer to $21 million profit in 2024
This strong performance came despite a decline in operating revenues, from $114.3 million to $98.64 million.
Burna Boy, Davido, others out earn South African counterparts in $10 billion Spotify royalty payout
Spotify reports that around 250 million user-created playlists now feature at least one Nigerian artist, while 220 million contain a South African.