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Dangote Cement has sold a 10% stake in its Senegalese subsidiary to the government in Dakar, making the state a minority shareholder in one of the country's largest cement operations at a time when the plant is facing a significant revenue slide.
The transaction, disclosed in Dangote Cement's 2025 annual report, reduces the Nigerian cement giant's direct ownership in th...
Retired Lt. Gen. Theophilus Yakubu Danjuma has once again reached into his fortune for a public cause. His oil exploration company, South Atlantic Petroleum Ltd, known as SAPETRO, has donated N1 billion to the Lagos State Security Trust Fund, a private-sector contribution that officials say ranks among the largest single gifts the Fund has received in recent years.
The ...
A Nairobi magistrate has issued arrest warrants for Kenyan industrialist Benson Sande Ndeta and his co-accused, Charles Hills Jr, after the two men failed to appear in court to answer criminal charges that they fraudulently obtained a $35 million loan from Absa Bank Kenya.
The order came on March 5 after a State prosecutor informed the court that the High Court had dism...
Ibrahim Mahama stepped off his brand new $70 million private jet on March 3 and immediately answered the question everyone was going to ask: what happened to the old one.
"My old plane is now an air ambulance, an emergency air ambulance for every Ghanaian," the Engineers and Planners founder told journalists on the tarmac at Kotoka International Airport in Accra. "Not j...
Robert F. Smith is not done with aviation software.
Vista Equity Partners, the Austin, Texas-based private equity firm Smith founded in 2000, announced March 5 that it has made a new investment in Portside, a cloud-based software provider serving the global aviation industry. The move builds on Vista's initial stake in the company, which it first acquired in May 2024.