United Bank for Africa posts $363.5 million Q3 profit, deepens capital base with rahim66
United Bank for Africa reported a third-quarter profit after tax of N537.5 billion (about $363.2 million) for the period to 30 September 20...Read More
Burkinabe tycoon Idrissa Nassa’s Coris Holding gets $115.7 million to boost banking in West Africa with rahim66
Coris Holding founded by Burkinabe businessman Idrissa Nassa, has received €100 million ($115.7 million) in fresh co-investment from Medit...Read More
Nigerian oil mogul Wale Tinubu’s Oando reports $145 million 9-month profit with rahim66
Oando Plc, one of Nigeria’s largest oil companies led by Wale Tinubu, posted a strong financial performance in the first nine months of its...Read More
LNG: How arbitration battles are redefining the global gas trade with rahim66
The liquefied natural gas (LNG) market, long anchored in trust and long-term contracts, is being reshaped in courtrooms and arbitration cha...Read More
Femi Otedola donates $2.8 million into Augustine University engineering block with rahim66
Billionaire investor Femi Otedola has pledged ₦4 billion ($2.8 million) to build a dedicated electrical and electronics engineering block a...Read More
Richemont rally boosts South Africa’s richest man by $4.6 billion with rahim66
South Africa’s richest man, Johann Rupert, has added about $4.64 billion to his wealth this year, making him the biggest gainer on the Afri...Read More
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI prepares IPO that could top $1 trillion with rahim66
OpenAI, the artificial intelligence company behind ChatGPT and on which Nigerian billionaire Adebayo Ogunlesi serves as a director, is lay...Read More
South African businessman Donovan Chimhandamba lands $75 million AfDB funding for titanium firm with rahim66
Sandton-based titanium firm Nyanza Light Metals, led by South African businessman Donovan Chimhandamba, has secured $75 million in financin...Read More
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $200 million nine-month profit with rahim66
BUA Cement Plc led by Nigerian billionaire Abdul Samad Rabiu, posted a strong financial performance for the nine months ended Sept. 30, 202...Read More
Nigerian businessman Ernest Azudialu faces $1 billion debt fight as banks seize Nestoil with rahim66
Ernest Azudialu-Obiejesi, the tycoon behind Nestoil Group, is at the center of a fast-moving debt dispute after a Lagos court authorized le...Read More
The CAF Returns to Profit Under Patrice Motsepe’s Leadership with rahim66
South African businessman Patrice Motsepe has overseen a financial turnaround at the Confederation of African Football (CAF), according to ...Read More
Access Holdings, led by Aig-Imoukhuede, posts profit drop on lower forex gains with rahim66
Access Holdings Plc led by Nigerian banker Aigboje Aig-Imoukhuede reported mixed results for the first half of 2025 as profit fell despit...Read More
South African billionaire Koos Bekker-led Prosus to back India's early-stage startups with rahim66
Prosus N.V., the listed internet group chaired by South African billionaire Koos Bekker, has partnered with U.S.-based venture capital firm...Read More
Aliko Dangote’s cement company profit nearly triples to $508 million with rahim66
Africa’s largest cement producer, Dangote Cement Plc, led by Nigerian billionaire Aliko Dangote, reported a near threefold rise in profit f...Read More
Kenny Fihla-led Absa gets nod to buy Standard Chartered Uganda’s retail, wealth business with rahim66
Absa Group , the Johannesburg-based financial services provider, led by banking veteran Kenny Fihla, has secured the go-ahead from regulato...Read More
Harmony Gold, backed by Patrice Motsepe, completes $1.01 billion copper deal in Australia with rahim66
Harmony Gold, South Africa’s largest gold producer, backed by Patrice Motsepe, Africa’s first Black billionaire, has completed its $1.01 bi...Read More
Markus Jooste’s former coastal estate expected to top $5.8 million with rahim66
Nearly three months after hitting the market , a luxury coastal home once owned by the late South African businessman Markus Jooste has sti...Read More
Aradel, led by Adegbite Falade, eyes majority stake in ND Western in expansion push with rahim66
Aradel Holdings, a subsidiary of Aradel Holdings Plc, the Nigerian energy group led by Adegbite Falade, has signed a definitive agreement t...Read More
Nigerian tycoons Ladi Jadesimi and Adegbite Falade gain $25.7 million as Aradel stock rallies 25 percent with rahim66
The past week turned into a money-maker for two familiar names in Nigeria’s energy scene. As Aradel Holdings’ share price shot from ₦631 to...Read More
Nigeria commits $1 billion to Lagos port upgrade after Gilbert Chagoury's firm win with rahim66
More than six months after awarding the long-awaited Lagos ports renovation project to ITB Nigeria, a subsidiary of the Chagoury Group—owne...Read More
Madagascar business magnate Mamy Ravamatoga arrested in Mauritius with rahim66
Barely a month after insisting he had “nothing to hide,” Madagascar businessman Mamy Ravatomanga has been arrested in Mauritius in connect...Read More
Bloomberg pegs Dangote’s net worth at over $30 billion; Forbes says not yet with rahim66
A wave of online chatter erupted this week after reports suggested that Aliko Dangote, Africa’s richest man, had crossed the $30 billion ma...Read More
South African tycoon Christopher Seabrooke gains $8.5 million from Sabvest stake with rahim66
South African tycoon Christopher Seabrooke has added millions to his fortune following a strong rally in shares of Sabvest Capital on the J...Read More
Senegalese businessman Tamsir Ousmane Traore buys Ivorian freight startup with rahim66
Senegalese businessman Tamsir Ousmane Traoré has taken a major step toward building a regional logistics network by acquiring Kamtar, an Iv...Read More
Africa’s richest man Aliko Dangote's refinery plans 10% stake listing on the NGX with rahim66
Africa’s richest man and president of Dangote Group, Aliko Dangote, said he plans to list between five and 10 percent of the Dangote Refine...Read More
Nigerian-Lebanese tycoon Bassim Haidar’s Optasia targets $1.5 billion valuation in Johannesburg IPO with rahim66
Optasia, the Dubai-based fintech company founded by Nigerian-Lebanese entrepreneur Bassim Haidar, plans to list on the Johannesburg Stock E...Read More
Paratus Group, led by Schalk Erasmus, expands African footprint with Rwanda launch with rahim66
Paratus, the pan-African telecommunications group led by Namibian telecom executive Schalk Erasmus, has expanded its regional presence with...Read More
Nigerian billionaire T.Y. Danjuma restructures ntel board as telecom firm prepares for relaunch” with rahim66
NatCom Development and Investment Ltd., the company that acquired Nigeria’s defunct national telecom carrier NITEL and now trades as ntel, ...Read More