Mansa IP, co-founded by Senegal-based executives, aims to raise $300 million for African development in 2025
This is part of a larger $1.2 billion initiative to advance infrastructure development across the continent.
West Africa
Nigerian court orders banks to freeze accounts of Arise TV founder over $718 million debt
The injunction, stemming from an alleged $718 million debt owed to First Bank of Nigeria, also freezes their assets within the court's jurisdiction.
Nigeria’s Access Bank sets sights on Moroccan market
The strategy targets key markets including Morocco, Egypt, and the U.S., reflecting the bank’s commitment to expanding its global presence.
Refinery owned by Africa’s richest man exports petrol to South Africa, three other nations
Dangote Oil Refinery exports petrol to Cameroon, Angola, Ghana, and South Africa, a key milestone in reshaping Africa’s fuel market.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Dangote Oil Refinery begins direct petrol sales to oil marketers, skirts NNPC distribution
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
Haldane McCall targets $7.3-million market cap ahead of NGX listing
The listing reflects Haldane McCall’s commitment to expanding investment opportunities within Nigeria’s real estate and hospitality sectors.
Grid Africa and Huawei collaborate on 72 MW solar plant for Zimbabwean mines
This collaboration aims to mitigate crippling energy shortages that have caused an estimated $500 million loss in mining revenues due to frequent power outages.
Flour Mills plans $1-billion investment in Nigeria over four years
The announcement follows a move by its majority shareholder, Excelsior Shipping Company, to buy out minority shareholders and take the company private.
UBA strengthens Lagos trade fair partnership with $6-billion SME loan facility
UBA boosts SME growth with a $6-billion loan facility ahead of the 2024 Lagos International Trade Fair, reinforcing its commitment to empowering African businesses and driving economic growth.
Nigerian billionaire Femi Otedola applauds Dangote refinery for disrupting fuel import market
Nigerian billionaire Femi Otedola praises the Dangote refinery for its impact on reducing Nigeria's dependency on fuel imports.
BUA Chairman Abdul Samad Rabiu blames middlemen for high cement prices
Rabiu explained that middlemen inflated prices, preventing savings from reaching consumers, impacting families and fueling a nationwide housing crisis.
Fidelity Bank, led by Chairman Mustafa Chike-Obi, partners with ImpactHER to train 1,276 women
Fidelity Bank and ImpactHER train 1,276 women in digital skills, enhancing entrepreneurship and economic growth in Nigeria.
5 known charitable donations of the silent Nigerian oil mogul and billionaire Mike Adenuga
Adenuga’s resilience led to vast philanthropy, impacting the lives of underprivileged Nigerians.
7 assets owned by Cameroon’s richest man, Baba Ahmadou Danpullo
As Cameroon’s richest man, Danpullo continues to play a pivotal role in the country’s economic landscape.