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 […]
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, […]
Jane Birkin’s personal Hermès Birkin prototype worn daily from the mid‑1980s to 1994 has set a new record at Sotheby’s Paris auction, fetching €8.6 million (approximately $10.1 million) after an intense ten‑minute bidding face‑off among nine collectors . The buyer? A private Japanese collector. This prototype is unlike any other Birkin. Commissioned by Hermès after an informal sketch on an air‑sickness bag […]
Billionaire businessman Femi Otedola’s Geregu Power Plc has recorded $57 million in revenue for the first half of 2025, solidifying its growing influence in Nigeria’s electricity generation landscape. The company’s latest financial performance was disclosed in its unaudited financial statements filed with the Nigerian Exchange, reflecting continued stability and strategic positioning amid a volatile national energy environment. Geregu Power, […]
Mamula Island, a 19th-century fortress off the coast of Montenegro once known for its dark wartime history, has entered a bold new chapter—thanks to Egyptian billionaire Samih Sawiris. The real estate mogul, best known for his visionary developments across Europe and North Africa, has transformed the isolated Adriatic outpost into a world-class luxury destination, now operating under the prestigious […]
As Nigeria reflects on the life and passing of one of its most consequential modern leaders, tributes are pouring in for President Muhammadu Buhari, the nation’s 15th Head of State and immediate past president. A man who divided opinion in life continues to inspire reflection in death, this time, with reverence, gratitude and a clearer view of his legacy. […]
Africa’s largest refinery, operated by Nigerian billionaire Aliko Dangote, is taking a bold leap towards transforming the country’s energy and logistics sectors. In a strategic move to curb soaring fuel transport expenses, the Dangote Refinery has announced a $467 million investment to roll out 4,000 compressed natural gas (CNG)-powered trucks across Nigeria. The initiative is part of a broader […]
Zimbabwean telecom mogul Strive Masiyiwa and Nvidia CEO Jensen Huang are spearheading an initiative to build the continent’s first artificial intelligence (AI) factory . This joint venture, led by Masiyiwa’s Cassava Technologies and Nvidia, aims to bring powerful AI infrastructure directly onto African soil. The seed of the project was planted at the Global AI Summit Africa in Kigali, where […]
It was a night destined for the books at Hayward Field, Eugene, Oregon, where the 2025 Prefontaine Classic unfolded into one of the most electrifying chapters in athletics history. Kenya’s finest, Beatrice Chebet and Faith Kipyegon, redefined greatness with back-to-back world record-breaking runs that lit up the track and sent shockwaves across the global athletics community. In the women’s […]
