Aliko Dangote's Dangote Cement, Tetracore increase focus on clean energy solutions
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
Hot News
Eaton stake held by Craig Arnold nears $250 million
The market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark.
Mary Vilakazi-led FirstRand gets approval to absorb HSBC South Africa
FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. 2025, boosting its corporate banking footprint.
Johann Rupert, South Africa’s richest man, gains $200 million in a week
This increase pushes his total wealth growth for the year to $2.72 billion, up from $2.52 billion just a few days ago.
Nigerian billionaire Femi Otedola pursues bigger stake in First Bank’s parent company
Sources familiar with the matter say both Otudeko and Odukale, have agreed to sell their shares to Otedola at N31 ($0.02) apiece.
Dominic Sewela led-Barloworld’s $1.3 billion buyout gets green light from regulator
The approval marks a milestone in the company’s transition from public to private ownership, ending its over 80-year run on the JSE.
South African billionaire Nicky Oppenheimer’s net worth surges $2.1 billion
Nicky Oppenheimer’s net worth surged $2.1 billion to $12.2 billion, reversing the earlier dip near $10 billion.
Aliko Dangote plans to list Africa’s largest fertilizer plant this year
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."
Power meeting in Accra: Mike Adenuga holds talks with President Mahama
While details of their conversation were kept private, aides on both sides confirmed the visit, with Adenuga returning to Lagos that same evening.
Baloobhai Patel linked-Absa Kenya recovers $1.8 million lost to fraud
The Nairobi-listed lender said its systems helped avert an additional Ksh334 million ($2.59 million) in potential losses.
South African businessman Jens Montanana gains $28 million from Datatec shares
The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africa’s expanding digital landscape.
Rihanna loses $400 million, but net worth stays above $1 billion
According to Forbes, which recently updated its estimate of her net worth, Rihanna’s wealth has dropped from $1.4 billion to $1 billion.
Billionaire Michael Lee-Chin’s firm to issue $300 million international bond
NCBFG, led by Michael Lee-Chin, plans a $300 million bond to repay debt and boost sustainable growth. Fitch rates it B+.
Nigerian energy magnate Austin Avuru records $23.6 million loss on Seplat stake
Since the start of the year, the market value of this stake has fallen by $23.6 million, driven by a slump in the company’s share price.
Aliko Dangote’s refinery relies on U.S. crude imports amid Nigeria supply drop
The shift underscores evolving global trade dynamics and Nigeria’s urgent need to stabilize fuel production.
JP Morgan’s stake in July Ndlovu-led Thungela drops below $50 million
JP Morgan’s Thungela stake drops to $47 million despite raising its holding, as coal prices retreat and investor sentiment shifts amid global energy transition.