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…
Category: Entrepreneurship
Village Capital backs two Ghanaian startups with $350,000 from latest fund
By Opeyemi Kareem,First Published,6th May, 2026 Village Capital, a global nonprofit that backs high-impact startups across emerging markets, has deployed $350,000 from its latest fund into two Ghanaian startups, marking the first investments from a vehicle designed to channel capital to early-stage African companies building essential services. The funding comes from the Africa Ecosystem Catalysts Facility (AECF), a $4 million investment fund launched in July 2025 in partnership with the Dutch Entrepreneurial Development Bank and the Netherlands Enterprise Agency. The facility targets startups addressing economic mobility and climate resilience through locally grounded…
Dangote Daughters and succession plans in the Dangote Group
On the 16th February, 2026, the Dangote Industries Group announced major appointments to drive its vision 2030 which is to become a $100Billion enterprise. The appointments elevated the roles of the three daughters of Alhaji Aliko Dangote, the President of Dangote Group and the richest man in Africa. In the appointments, the eldest daughter, Mariya is to assume the position of Group Executive Director, Commercial Operations, Cement and Food Business. The second daughter, Halima was appointed as Group Executive Director, Dangote Family Office and International offices (Dubai & London). Fatima…
African startups get $180 billion from a small, rich island and Gulf financiers
Chinedu Okafor First published, 27 January 2026 04:25 PM Africa, in the last decade, has emerged as one of the fastest-growing tech markets, given its rapid tech and mobile adoption, underpinned by a youth population. Africa has become a rapidly growing hub for technology, driven by high mobile adoption and a youthful population. Significant investments exceeding $180 billion have been made by advanced economies, including Japan and Gulf states, into Africa’s tech sector. Japanese organizations and funds, along with institutions like JICA, have played a crucial role in reshaping Africa’s…
Innovate Ghana: Qualcomm Make in Africa Startup Mentorship Initiative
Open Call: Qualcomm Make in Africa Startup Mentorship Program Deadline Date: February 15, 2026 The Qualcomm has launched the Qualcomm Make in Africa Startup Mentorship Program, an equity-free initiative designed to support promising early-stage startups across Africa applying advanced connectivity and processing technologies to innovative end-to-end system solutions. The focus areas and themes of the program include advanced connectivity and processing technologies, end-to-end system solutions including hardware, business coaching, engineering consultation for product development, intellectual property protection, artificial intelligence including AI-Hub, Internet of Things, Extended Reality, compute technologies including AI-PC, 5G,…
Grants for African Entrepreneurs: Three grab a total of USD700,000.00
……As 7th ABH Summit & Grand Finale ends in Kigali Report: Mohammed A. Abu The final pitch of the 7th Africa Business Heroes (ABH) Summit Grand Finale concluded in Kigali, Rwanda, with the judges addressing the room with clarity and care while also emphasizing that, reaching the Top 10 out of more than 32,000 applicants, was itself a remarkable achievement disclosed the event organizers. With a Pan-African lens and a deep sense of responsibility they said, the judges announced the three finalists advancing to the final round as Diana…
Africa Tech Festival Awards 2025 honour Africa’s trailblazers in technology and innovation
The Africa Tech Festival Awards 2025 (https://AfricaTechFestival.com/), held on Wednesday, 12 November 2025 in Cape Town, brought together technology leaders, innovators, and changemakers from across the continent to celebrate excellence in African innovation and digital transformation. Recognising the people and organisations driving meaningful impact across the tech ecosystem, the awards ceremony honoured those who are shaping Africa’s digital future. Finalists and winners were selected through a rigorous three-stage process, including a public vote and final adjudication by an expert panel of judges representing leading voices in business, technology, and finance.…
Making an Input into Ghana’s Circular Economy Drive
Tahir Field Recycling Turns “Dirty Oil” into Goodies By: Mohammed A. Abu Ghana is actively transitioning from the wasteful, take-make-use-waste-discard linear economy to a circular (resources use efficiency oriented) economy through policies like the National Plastic Management Policy. Key initiatives include developing Circular Economy Centres and Hubs for technical training and business incubation, supported by organizations like the UNIDO, UNDP and the European Union. These efforts aim to reduce waste and pollution, promote resource efficiency, and ensure a just transition that includes women and youth in economic opportunities. Circular economy principles appreciates waste in…
Finalists Announced for the 2025 Africa Women Innovation & Entrepreneurship Forum (AWIEF) Awards
The Africa Women Innovation & Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) announces the finalists for the prestigious AWIEF Awards for 2025. Held annually as part of the AWIEF Conference, the AWIEF Awards celebrate the remarkable achievements of women entrepreneurs and business leaders across the African continent. The aim is to shine a spotlight on women who are driving innovation, building impactful businesses, advancing gender equality, and contributing to Africa’s inclusive economic growth and sustainable development. “The AWIEF Awards are a powerful platform to honour women whose innovation, resilience, and leadership are shaping…
Fish farming makes a difference in the fight to improve living standards
Along the coast and in south-western regions of Cameroon, fish ponds have become not only centres of production but also hubs of opportunity and economic transformation.A new dynamic is bringing hope to fish farmers, including young people and women, thanks to the Livestock and Fish Farming Value Chain Development Project (PD-CVEP in the French acronym), financed by the African Development Bank (AfDB) to the tune of 84 million euros and implemented by Cameroon’s Ministry of Livestock, Fisheries and Animal Industries. This transformation has been driven by a strain of the…
