Tag: #AfricaBusiness
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SAO TOME’S REJECTED OIL BIDS HIGHLIGHT URGENT DIVERSIFICATION LESSONS FOR NIGERIA
The decision by Sao Tome and Príncipe to reject bids for three offshore oil blocs is raising important questions about the future of oil investment and what it means for Nigeria’s economy. Despite offering investors highly attractive terms, including up to 85 per cent ownership stakes, the Central African nation received bids from only two…
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HEIRS INSURANCE GROUP REACHES 3 MILLION POLICYHOLDERS IN FIVE YEARS
Heirs Insurance Group says it has reached a major milestone, impacting and protecting more than three million customers within its first five years of operation. The company says the achievement reflects its commitment to customer-focused services, innovation, and the use of technology to improve access and trust in insurance. It also noted recognition in industry…
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DANGOTE SETS SIGHTS ON IPO, TO SELL 10% OF REFINERY
Africa’s biggest refinery is heading to the market — and investors could soon own a slice of Dangote’s $20bn oil giant. Washington D.C., April 16, 2026 — The Dangote Group has unveiled plans to sell a 10 per cent stake in its 650,000 barrels-per-day refinery through a Pan-African Initial Public Offering (IPO) in 2026. President…
