Dangote

Africa
Monaco Resources' eventful summer

Already at odds with one of its partners in Guinea, as well as with one of its co-shareholders in Congo, the Monaco Resources group has recently found itself the target of a scathing report sent to all of the group's government partner across Europe and Africa.

The New Guard
South Africa, Nigeria, Zimbabwe and Tunisia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

South Africa Geordin Hill-Lewis, mayor and rising opposition social-media star

Nigeria Dozy Mmobuosi, leading tech titan

Zimbabwe Simbarashe Gwenzi, youth ambassador from Harare to Addis

Tunisia Sayida Ounissi, former Ennahda MP and thorn in Saied's side

Spotlight | Nigeria
Nigerian oil operators outmanoeuvre country's leading construction firm Julius Berger

Once protected by military presidents who made a significant contribution to its fortune, the construction company Julius Berger Nigeria is now dominated by the Nigerian oil kings.

Cameroon
With Atlantic Cement, Koné Dossongui wants to muscle in on Dangote's patch

Not content with building a cement works in Abidjan in partnership with China's Jiangsu Pengfei, Ivorian businessman Bernard Koné Dossongui's Atlantic is now planning to set up a factory in Douala, a stronghold of Nigerian giant Dangote Cement.

Tanzania
Dangote Cement hopes new Mtwara power plant will boost production

Nigerian giant Dangote Cement is close to completing construction of the 50-MW, $90m Mtwara power plant.

Spotlight | Africa
BlackRock quietly building empire across Africa

The world's largest asset manager has quietly been building a sizeable portfolio of African assets and an increasing sphere of influence on the continent. It operates by acquiring management mandates from public institutions and central branks and taking shares in businesses that drive economic growth.

Nigeria
Investment company Black Rhino returns to the fray without Blackstone

After a string of failures in Africa, Black Rhino, a former subsidiary of investment colossus Blackstone, is back on track thanks to plans to create an oil free zone in its favourite country, Nigeria.

Spotlight | Nigeria
Marginal fields: who among Buhari's buddies can help bidders win over DPR?

Junior oil firms flocked in their hundreds to bid for one of the 57 marginal fields put up for sale by the Abuja authorities to avoid a financial debacle as the Covid-19 crisis continues.

Spotlight | Nigeria
How Nigeria built a foothold in Saudi Islamic Bank of Development

Nigeria secured additional financing from the Saudi Arabian public finance institution, the Islamic Development Bank, last month. The country has gradually increased its stock in the bank in recent years to now sit as one of its main shareholders.