Category: INVESTMENTS

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…

Air Ghana acquires Boeing 737 Freighter to strengthen regional trade

Mr Mohammed

Air Ghana has acquired a Boeing 737-400 freighter, which landed in Ghana on Tuesday, May 5, marking a significant boost to the country’s air cargo capacity. The arrival of the aircraft is expected to enhance cargo transport services, improve delivery timelines, and support trade within Ghana and across the West African sub-region The aircraft acquisition forms part of Air Ghana’s strategy to enhance cargo transport services and facilitate trade within Ghana and across the West African sub-region. Chief Executive Officer of Air Ghana, Karim Traboulsi, earlier said the addition of the freighter…

Defending Ghana’s US$1 billion claim of Blue Gold Ltd. at Permanent Court of Arbitration

Mr Mohammed

A-G hires Atuguba and Associates to assist   UPDATED about 17 hours ago,The Law Platform Online   The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by Blue Gold Ltd. against the Republic of Ghana.   The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by…

AFRICA FINANCE IN BRIEF: Dangote IPO ambitions meet oil shocks and inflation pressure

Mr Mohammed

Bunmi Bailey,Business Day,Nigeria ,First Publsihed,May 2, 2026 The final week of April showed how Africa’s financial landscape is being reshaped by a mix of structural ambition and external shocks. From Aliko Dangote’s landmark refinery, Initial Public Offer plans to coordinated regional oil strategies and rising inflation pressures, policymakers and corporates are navigating a more complex environment—balancing growth, energy security and macroeconomic stability. Africa’s capital markets are heading for a defining moment as Aliko Dangote prepares to list a stake in his oil refinery—an offering that could rank among the largest initial public offerings…

Dangote Eyes Ports, Pipelines, Data Centres in $40 Billion Growth Plan

Mr Mohammed

By:staff writer,first publisshed April 9, 2026,Birr Metrics  Dangote Group has unveiled plans to invest at least40 billion US dollars over the next five years as it pursues a 100 billion US dollars turnover by 2030, targeting expansion across energy, infrastructure, and digital services in Africa. The conglomerate presented its long-term strategy, Vision 2030: Supercharging Dangote Group for Long-Term Success, to the African Export-Import Bank (Afreximbank) board and executive team on 31 March 2026. The plan is structured in two phases spanning 2025–2028 and 2028–2030, aimed at scaling current operations and…

Dangote Daughters and succession plans in the Dangote Group

Mr Mohammed

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…

Atlantic Lithium wins key Ghana approval for Ewoyaa mine

Mr Mohammed

Australia’s Atlantic Lithium (ASX: A11) has secured Ghanaian parliamentary approval to develop the Ewoyaa project, the country’s first lithium mine, under revised royalty terms tied to market prices. The ratified 15-year lease introduces a sliding royalty scale on spodumene concentrate, ranging from 5% when prices fall below $1,500 a tonne to 12% when they exceed $3,200, replacing the flat 10% rate previously sought by Ghana. The new structure follows a broader overhaul of royalty frameworks for lithium and gold adopted earlier this month, clearing a path for the long-delayed project. The approval…

Africa’s largest university becomes first on the continent to own an Airport

Mr Mohammed

The University of South Africa has become the first African university to own an airport. The 20-hectare facility will support practical training in aviation and advanced technologies. Vice-Chancellor Puleng LenkaBula says the move strengthens innovation and job-ready skills. The milestone aligns with UNISA’s global growth in research and technical education. Vice-Chancellor Puleng LenkaBula confirmed the acquisition of the 20-hectare facility, describing it as a strategic investment to strengthen real-world training for students. The announcement was made during a press briefing highlighting the university’s recent academic progress and rising global rankings.…

Dangote Cement signs $1bn deal with Sinoma for 12 new plants across Africa

Mr Mohammed

by Caleb Obiowo, Nairametrics First Published- February 28, 2026 Dangote Cement Plc has signed a $1 billion agreement with Sinoma International Engineering for the construction of 12 new cement plants and the expansion of existing facilities across Africa. The deal was disclosed by MarketForces Africa following the signing of a Memorandum of Understanding (MoU) in Lagos on Friday. The agreement supports Dangote Cement’s drive to scale production, expand its market footprint, and consolidate its leadership across the continent What they are saying  Aliko Dangote, President and CEO of Dangote Industries Limited, described the projects as key enablers for reaching a production…