Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Accelerate continues major sales following South African mogul Michael Georgiou’s exit
Michael Georgiou continues major property sales, raising R88 million as it trims debt post-Michael Georgiou departure.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
South African executive Laurence Rapp-led Vukile sells Spanish retail parks for $334 million
South Africa’s Vukile sells Spanish retail parks for $334 million, marking a full exit and refocusing on higher-growth shopping centers.
Africa’s richest man, Aliko Dangote's refinery lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Nigerian tycoon Taiwo Afolabi eyes offshore vessel expansion after Indimi’s $315 million bet
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Luxury hotel operator controlled by Mauritian Lagesse family posts $127 million half-year revenue
LUX Island Resorts posts $127 million half-year revenue as tourist arrivals boost occupancy and profits across Indian Ocean resorts.
Bill Gates, OpenAI launch $50 million AI health rollout in Africa
Bill Gates and OpenAI are backing a 50 million rollout of AI health tools across 1,000 clinics in Africa by 2028.
Richer than ever: Patrice Motsepe’s net worth hits $4.3 billion as gold tops $5,100
South African billionaire Patrice Motsepe climbs to $4.3 billion as gold soars past $5,100, lifting his mining fortune.
Kenyan tycoon John Kimani's Kakuzi wins Supreme Court reprieve in land case
Kakuzi Plc, partly owned by John Kimani, wins temporary Supreme Court reprieve in a long-running land dispute affecting operations.
Senegalese financier Ibrahim Sagna joins Africa-Gulf council after Silverbacks’ 10th exit
Senegalese financier Ibrahim Sagna joins the Africa-Gulf council weeks after Silverbacks’ 10th exit, expanding his role in cross-border investment.