Adekunle Agbetiloye

Johann Rupert, the South African billionaire who has long kept a tight grip on luxury group Richemont, is finally giving investors a clearer picture of what comes next.

The Dangote Refinery IPO is set to make history as Africa's largest public share offering, with 4.1 billion shares available from September 14 to October 13, 2026.

Two childhood friends, Taiwo Ilesanmi and Gbenga Akanmu, went from growing up on the same street to working at global chemical giants Dow Chemical and BASF, before building Alliance Chemicals Global. In four years, the company has grown revenue by 1,400% and now supplies manufacturers across industries, as the founders move into local chemical manufacturing.

Africa's biggest oil refinery has cut its debt by $570 million as it increased production and sales ahead of its planned initial public offering, which could become the continent's largest share offering.

Lohum has become the first Indian company to produce lithium overseas by shipping its initial batch of lithium ore from Zimbabwe, marking the launch of its mining operations there.

Singapore's Aster Chemicals and Energy is diversifying its crude oil sources, turning to West Africa, Latin America, the US, and Canada amid disruptions in Middle Eastern oil supplies.

French energy giant TotalEnergies has announced a new oil discovery in Angola and signed agreements to acquire a 40% operated interest in two additional exploration blocks as it expands its operations in the country.

Algeria has officially cut diplomatic ties with the UAE, citing the exhaustion of all avenues to preserve their relationship.

Lobito Atlantic Railway is set to double its international cargo volumes next year after tapping into a $753 million funding package to expand capacity and improve operations.

Nigeria's National Assembly has suspended all official travel and participation in South African legislative events due to ongoing xenophobic attacks against Nigerians and other African nationals.