When it comes to oil projects, the country already boasts a herd of white elephants
Because of their lack of oil refineries, African countries become vulnerable to fluctuations on global markets
As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets
"Half bread is better than none," says MTN Nigeria chairman
Without investment in education the knowledge and entrepreneurial revolution won’t happen
"When it comes to power to keep his massive cement factories running, the billionaire businessman says he prefers to generate it himself"
The Panama Papers have blown open evidence that Nigerian tycoon Aliko Dangote is tied to mysterious firms in tax havens around the globe.
Construction’s most basic ingredient is what will make this continent boom, says Africa’s richest man.
The Nigerian-based Dangote Group will embark on a $16-billion expansion drive in over 18 countries over the next four years.
There are far more African billionaires than previously thought, and most of them are Nigerian, says "Ventures" magazine.
Nigeria will see massive growth as Africa’s richest man Aliko Dangote took a $3.3-billion loan that will turn the country into an oil exporter.
Africa’s largest asset manager may invest in more companies linked to the continent’s richest man, as it seeks to tap into growing industries.
The richest man in Africa and the wealthiest man from the US have joined forces in the battle against polio, which has seen a resurgence in Nigeria.
Africa will be well-placed to weather a global economic downturn if it uses high oil and commodities prices to diversify its economies, one of the continent’s most successful businessmen said in an interview. Nigerian tycoon Aliko Dangote said the world’s poorest continent could benefit while developed nations suffered an economic slowdown.
It must count among the world’s most genial rivalries. Two of the planet’s richest men regularly play epic games of online bridge and collaborate over handing out their billions. But Warren Buffett has unseated his friend, Bill Gates, to become the wealthiest individual on the globe.