Day: May 9, 2026

Dangote, Rabiu from Kano Top List of Africa’s Richest Men

Mr Mohammed

Nigerian billionaires Aliko Dangote and Abdul Samad Rabiu, both from Kano State, have emerged among Africa’s richest individuals, according to the latest Bloomberg Billionaires Index ranking seen by Daily Trust. ‎ ‎The Bloomberg ranking, which is updated daily to reflect real-time movements in global wealth, showed Dangote retaining his position as Africa’s richest man with a net worth of $34.9 billion, while Rabiu climbed to become Africa’s third-richest billionaire with an estimated fortune of $18.5 billion. ‎ ‎South African luxury goods magnate Johann Rupert ranked as Africa’s second-richest person with…

U.S. solar energy firm plans $750 million power grid expansion across four African countries

Mr Mohammed

Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to provide roughly 2.1 million electricity connections across these countries. Sub-Saharan Africa faces significant energy poverty, with nearly 600 million people lacking access to electricity. Renewvia currently operates 24 mini-grids in Kenya and Nigeria and is…