Africa’s richest man Aliko Dangote says he lacks ‘excess liquidity’ to acquire Arsenal
Dangote, a lifelong Arsenal fan and founder of the diversified Dangote Group, made the disclosure during an interview with Bloomberg’s Francine Lacqua.
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Landmark Africa shifts base from Lagos, eyes global expansion
The sudden demolition of the Landmark Beach Resort, widely criticized as chaotic and poorly managed, left the company scrambling.
Nigerian billionaire Mike Adenuga’s fortune grows by $700 million in 2024
Globacom remains the crown jewel of Adenuga’s empire, driving Nigeria’s digital transformation through substantial investments in network expansion.
Dangote Cement partners with Tetracore to boost auto CNG supply chain
The partnership is set to address the surging demand for CNG, driven by Dangote’s vast fleet and an expanding base of Auto CNG users nationwide.
Custodian shares boost Wole Oshin's portfolio by $14.6 million, but naira's decline reduces gains
Had naira remained stable, Oshin’s stake could have increased by as much as $14.62 million.
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South Africa's richest person adds $138 million to net worth in first week of 2025
This recent surge brings his wealth closer to crossing the $14-billion mark—a milestone last achieved in October 2024.
Egypt’s richest family-led Orascom Construction to pay $24.3 million in interim dividend
The dividend announcement follows a resilient financial performance for the first nine months of 2024, with Orascom reporting $2.32 billion in revenue.
Trustco wins shareholder approval for $25 million stake in Legal Shield Holdings
The deal, which marks a major move for Trustco, will proceed as planned, with all conditions either met or waived.
Oriental Weavers expands treatment plant as part of sustainability push
The facility, which operates with four consecutive treatment stages, is capable of processing up to 1,250 cubic meters of wastewater per day.