Kenyan-Somali entrepreneur Abdinasir Ali Hassan is poised to steer HASS Petroleum into transformative territory, Mozambique’s emerging natural gas and energy sector. In a high‑level meeting with Mozambican President Daniel Chapo in Maputo on 21 July 2025, Hassan unveiled plans to forge strategic alliances linking HASS Petroleum with both Mozambique and Oman’s state-backed energy trader, OQ Trading Lda. He emphasised […]
MTN Uganda, chaired by seasoned Ugandan tycoon Charles Mbire, has completed the structural separation of its mobile money operations into a standalone fintech business, officially setting the stage for its long-term expansion in Uganda’s financial technology space. At the company’s Extraordinary General Meeting held on 22 July 2025, shareholders gave their full backing for the spin-off. This strategic move […]
Abdul Samad Rabiu, the quietly strategic billionaire behind Nigeria’s BUA Group, has seen his net worth surge to an estimated $6 billion, following strong performances in his cement and food manufacturing businesses. The new valuation, tracked by the Bloomberg Billionaires Index, reaffirms Rabiu’s position as one of Africa’s most influential industrialists and a central player in West Africa’s production […]
Dame Winifred Akpani’s story begins not in boardrooms or oilfields, but in the audit suites of Lagos. A mathematics graduate from the University of Benin turned trainee accountant at Oni Lasebikan & Co (later Ernst & Young), she honed her financial rigour before qualifying as a chartered accountant in 1990 at Arthur Andersen & Co (now KPMG). In 1992, […]
When Layo Ogunbanwo speaks about technology, she doesn’t reach for buzzwords. There’s no talk of unicorns, no obsession with “disruption”. Instead, she talks about systems, the invisible ones that hold up our daily lives, or fail us when they don’t exist. And right now, the beauty and wellness sector in Africa, an industry run largely by women, is operating […]
In an industry often dominated by buzzwords, billion-dollar valuations, and high-profile founders, Dr Toyin Ajayi is building something far more powerful — and doing so without fanfare. As Co-founder and CEO of Cityblock Health, a $6 billion healthcare company tackling some of America’s deepest systemic health inequalities, she isn’t chasing headlines. She’s rewriting the rulebook on what inclusive, accessible […]
Africa’s richest man, Aliko Dangote, is reportedly advancing plans to develop a new deep-sea port on the outskirts of Lagos, further strengthening his grip on Nigeria’s industrial and logistics landscape. Sources close to the Dangote Group confirm that the proposed port is part of a larger vision to create a self-sustaining industrial ecosystem around the Lekki Free Trade Zone, […]
Nigerian telecommunications giant Globacom, owned by billionaire businessman Dr Mike Adenuga, is set to roll out a citywide public Wi-Fi service in Lagos as part of a bold move to expand digital access and close the connectivity gap across Africa’s most populous city. The new initiative, which comes under a strategic collaboration with state and municipal stakeholders, will see […]
Once known chiefly for their royal lineage and cultural stature, Nigeria’s Sijuwade royal family has re-emerged in the last decade as a powerhouse in business and infrastructure, growing its fortune to an estimated $240 million. What began as a legacy rooted in Yoruba tradition has evolved into a far-reaching financial portfolio led by a new generation determined to shape […]
Africa’s oldest billionaire, Natie Kirsh, has thrown his financial weight behind a $1.42 billion bid to acquire Australia’s Abacus Storage King. The 92-year-old Swazi-born tycoon is backing the deal through his investment arm, Kirsh Group, marking one of the most high-profile cross-continental acquisitions involving an African investor in recent years. Kirsh, whose wealth is estimated at over $6 billion, […]
