Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has strengthened his position in Nigeria’s banking industry after acquiring an additional 1.779 billion ordinary shares in First HoldCo, a transaction valued at approximately N222.2 billion. The latest acquisition, disclosed…
The Dangote Petroleum Refinery has unveiled the first phase of a free petrol delivery programme across six Nigerian states, a move that could reshape fuel distribution while easing logistics costs for large scale marketers. The initiative allows qualified fuel marketers…
Burkina Faso has recorded more than $6 billion worth of gold through official channels during the first six months of 2026, highlighting the growing impact of government reforms aimed at strengthening oversight, increasing transparency, and expanding state participation in one…
President Emmerson Mnangagwa has unveiled a stronger push for industrial transformation, urging Zimbabwe to end its dependence on exporting raw minerals and instead build a value driven economy powered by local manufacturing, technology, and innovation. Speaking at the 2026 Zimbabwe…
Nigeria’s energy market could soon receive a major boost as the Dangote Refinery prepares to return its gasoline production unit to full operating capacity by mid-June, according to industry monitoring firm IIR Energy. The development comes after Africa’s largest refinery…
Zimbabwe’s gold sector is entering a powerful new growth cycle as fresh investment, rising reserves, and strong global gold prices reshape the country’s mining outlook. Ariana Resources has lifted ore reserves at its Dokwe Gold Project by 42%, pushing the…
Nigeria’s Dangote Refinery is entering a new chapter that could reshape global fuel markets and elevate Africa’s role in international energy trade. After reaching its full processing capacity of 650,000 barrels per day earlier this year, the refinery is now…
Lagos State Ministry of Commerce, Cooperatives, Trade & Investment Officially Endorses African Entrepreneurship & Business Summit (AEBS) 2026 The Lagos State Ministry of Commerce, Cooperatives, Trade & Investment (MCCTI) has officially endorsed the African Entrepreneurship & Business Summit (AEBS) 2026,…
Saudi Arabia is accelerating a bold shift toward a tokenized economy designed to shield its vast wealth from global financial shocks while building a new digital financial backbone for the future. The strategy is being led through droppRWA, which has…
Kenya is widening its search for strategic refinery investors as the country pushes to become East Africa’s next major energy and fuel processing hub. The latest move comes as President William Ruto deepens ties with Azerbaijan and its state-owned energy…