Reporter, Forbes Africa
Oluwatomisin Amokeoja reports for Forbes Africa. This story was originally published by Forbes Africa.
Dangote Cement, listed in Nigeria’s commercial capital Lagos, has a market capitalization of over $12 billion after its shares more than doubled over the past year. Africa’s richest man Aliko Dangote plans a secondary listing of his cement business in London in September, reviving long-standing plans to bring the continent’s largest cement producer to international …
Nigerian musician Tems joined a lineup that included Bono, The Edge, Bruce Springsteen, Christina Aguilera, Common, Eddie Vedder, Jennifer Hudson, John Legend, Marc Anthony, Stevie Wonder, The Roots and Marsai Martin at the opening ceremony. Nigerian Grammy-winning singer Tems recently performed her hit song Me & U before former United States (U.S.) President Barack Obama, former First Lady Michelle Obama and a global audience at the …
MTN Group Foundation and the Gates Foundation have launched a $25 million partnership aimed at expanding digital access to maternal health services in Nigeria, seeking to reach 500,000 women, 5,000 frontline health workers and 500 primary healthcare facilities by 2030. The four-year Nigeria Maternal Health Multiplier will combine artificial-intelligence-enabled decision-support tools, affordable smartphones and mobile …
“Recent policy reforms have begun to level the playing field for cleaner alternatives.” When Abraham Mohammed talks about Nigeria’s power situation, he starts with the numbers. “Over 40% of the population, primarily in rural areas, remains unconnected to the national grid,” Mohammed notes to FORBES AFRICA. “Even where the grid exists, Nigeria’s centralized generation capacity …
The succession planning shift signals the gradual maturation of African capitalism itself. Earlier this year, Africa’s richest man, Aliko Dangote, expanded the responsibilities of his three daughters across the Dangote Group. Fatima Dangote assumed a commercial leadership role within the group’s energy business, including the Nigeria’s commercial capital Lagos refinery, while retaining oversight of corporate …
Nigerian singer, songwriter and actor, Tiwa Savage is determined to build an empire that will cement her status among the world’s self-made billionaire women. “I want to go into my mogul era – billionaire Tiwa Savage.” Tiwatope Omolara Savage, professionally known as Tiwa Savage, at the age of 45, is standing on the precipice of …
With a surge of fintech innovators and diverse product offerings, startups in West Africa are reshaping the continent’s financial landscape. Armed with ambition and artificial intelligence, securing investor interest and millions in funding, the sector is looking to lead the continent into an age of digitalization, economic prosperity and widespread accessibility, proving that Africa is …
The sun shines abundantly over Nigeria. Now, panel by panel, battery by battery, solar power is being used to power businesses and lives in the West African nation, offering a much-needed electricity source. It’s September 2025, and the all-too familiar news, that the national power grid has collapsed yet again, spreads across Nigeria. In Lagos, …
As global capital tightens, African multilateral development finance institutions are turning inward—mobilizing domestic savings, rethinking industrial policy, and building a new ecosystem of patient, locally-anchored capital. In the boardrooms and finance ministries from Cape Town to Cairo, they are the glue holding public policy and private investment together, chaneling good resources to critical sectors–as the ultimate ecosystem-builders. Swanky …
Afreximbank’s new chief is betting that Africa’s future lies in an industrial renaissance that promises jobs, export diversification, and a more resilient market. On a recent afternoon at African Export-Import Bank’s (Afreximbank) glass-fronted headquarters, Dr George Elombi sits in the same office he has attended meetings in for more than a decade as Vice President. The view outside, stretching over the sprawl …
Nearly four kilometers beneath the surface of the earth, inside South Africa’s Mponeng Gold Mine, where broadband connectivity is unreliable and working conditions are demanding, an artificial intelligence (AI)system recently accomplished something few medical technologies had managed before. Within 45 seconds, it analyzed a miner’s chest X-ray for signs of tuberculosis and occupational lung diseases, …
The first clue that something fundamental has changed in AI in West Africa occurs through a phone conversation. Here, the defining focal point is how to make AI useful for someone with intermittent electricity, limited internet access, and a language that barely exists in certain mediums. This distinction has begun to reshape where the region’s …
Dr Olubayo Adekanmbi, the CEO and Co-Founder of EqualyzAI, believes AI will only fully fulfill its potential if no one is left behind in the digital revolution. “The first thing is to speak to what problem we are solving. If AI is going to become the most disruptive technology, then everyone, everywhere, must have access,” he tells FORBES …
Africa’s richest man, Aliko Dangote has proceeded with the groundbreaking ceremony of the Kenya oil refinery. Dangote Group posted on its WhatsApp channel at 10:07 am WAT on Wednesday: “Join us live from Kenya for the groundbreaking ceremony of the Dangote East Africa Petroleum Refinery and Petrochemicals SEZ”. The group said on Tuesday that a …
Nigerian crime thriller Black Market has set a Guinness World Records mark for the largest attendance at a film screening, drawing 51,258 people to the commercial capital Lagos’ Tafawa Balewa Square (TBS) on September 26. The record was achieved by filmmakers Damilola Osikoya, Switch Visual Limited, Nora Awolowo and Rixel Studios for the screening of …
More than a decade since its establishment, Nigerian fitness chain i-Fitness is building a nationwide network of gyms while positioning itself as part of the West African nation’s emerging health and wellness infrastructure. “Since Verod acquired a 65% stake in i-Fitness in 2024, the company has expanded its branch network, strengthened its management structure and …
The Central Bank of West African States (BCEAO) said early October that interoperable electronic-money transactions within the West African Economic and Monetary Union (UEMOA) must be processed through its Interoperable Platform of the Instant Payment System, known as PI-SPI, from November 2. Under the new rules, domestic transfers sent by an individual will be free …
The Africa Credit Rating Agency (AfCRA) was officially launched in Mauritius on Wednesday under an African Union (AU)-backed initiative to provide additional, Africa-focused assessments of sovereigns, financial institutions and companies. According to disclosures related to the agency, it aims to complement existing international rating firms by incorporating local economic conditions, institutional structures and data that …
The biggest gainer on Forbes’ list of Africa’s richest people this year, Abdulsamad Rabiu, is doubling down on processing, producing at scale and keeping more value on the continent. For Abdulsamad Rabiu, the past year has been more about validation than celebration. He is the biggest gainer on this year’s list of Africa’s richest people …
Analysts say the plan signals rising confidence in Africa’s growth prospects but warn that execution risks remain. The conglomerate of Africa’s richest man Aliko Dangote plans to grow annual revenue to $100 billion by 2030 under a new strategy that will require at least $40 billion in investment, the African Export-Import Bank (Afreximbank) said, after …
Dangote Cement, listed in Nigeria’s commercial capital Lagos, has a market capitalization of over $12 billion after its shares more than doubled over the past year. Africa’s richest man Aliko Dangote plans a secondary listing of his cement business in London in September, reviving long-standing plans to bring the continent’s largest cement producer to international …
The billionaire industrialist Aliko Dangote’s plan forms part of a broader growth strategy unveiled by the Dangote Group, which aims to increase annual revenue to $100 billion by 2030. The plan is expected to require at least $40 billion of additional investment. Dangote Refinery has increased its crude processing rate to 700,000 barrels a day …
The project, expected to take between three and five years to complete, would become East Africa’s largest refinery and Dangote Group’s biggest refining investment outside Nigeria. Dangote Group, led by billionaire industrialist Aliko Dangote, has settled on Kenya as the location to replicate the success of its flagship Lagos oil refinery in East Africa. A …
