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What if Africa’s waste problem is not just a public-health challenge but one of the continent’s next major business oppo...
17/09/2026

What if Africa’s waste problem is not just a public-health challenge but one of the continent’s next major business opportunities?

For Ghanaian entrepreneur Joseph Siaw Agyepong, the answer appears to be yes.

Through Zoomlion, part of the Jospong Group, Agyepong is expanding aggressively into Kenya’s waste-management market, with a 35-year Mombasa County agreement valued at about KSh17 billion ($130 million).

But Mombasa is only part of the strategy.

Zoomlion is also involved in Nairobi’s long-term waste-management programme, covering areas including waste collection, haulage, sorting, recycling and disposal. The company says it has identified 409 illegal dumpsites across Nairobi and begun clearing them.

A waste-management plant at Muraai, with a planned capacity of up to 3,500 tonnes per day, is also expected to be commissioned by the end of November.

The opportunity is enormous. Kenya's rapidly growing cities need systems capable of handling increasing volumes of municipal waste and that creates a potentially valuable market for companies that can build the infrastructure around it.

But Agyepong’s Kenyan expansion is arriving under scrutiny.

The Mombasa contract is being challenged in court, with the Centre for Litigation Trust alleging shortcomings involving procurement, public participation and environmental requirements. Nairobi's waste-management award has also faced legal objections, including questions over the procurement process. These remain allegations and legal challenges, not final findings that the contracts are unlawful.

Zoomlion's history in Ghana has also attracted scrutiny. A parliamentary investigation into GYEEDA raised significant value-for-money concerns surrounding its contracts, including alleged overcharges, and recommended termination of the arrangement.

The company has continued expanding beyond Ghana nonetheless.

And that may be the bigger story.

Agyepong is attempting to turn one of Africa’s most persistent urban problems waste into a scalable business across borders.

What happens to a $50+ billion fortune when its founder doesn’t believe a male heir is necessary?For Aliko Dangote, the ...
17/09/2026

What happens to a $50+ billion fortune when its founder doesn’t believe a male heir is necessary?

For Aliko Dangote, the answer may already be taking shape.

The Nigerian billionaire says having a son is “not my priority” and he does not believe a son would necessarily have done better than his three daughters Halima, Fatima and Mariya.

Dangote, Africa’s richest person, told ARISE News that he has watched his daughters develop within the family business and can see one or two of them eventually leading Dangote Group.

That makes the story bigger than succession.

It is about whether one of Africa’s largest business empires can transition from a founder-led powerhouse into a new generation of leadership.

And the timing could hardly be more significant.

Following the valuation boost associated with the Dangote Refinery’s public offering, Forbes’ real-time tracker puts Dangote’s fortune at about $51.3 billion, placing him among the world’s richest people.

Now, the question is no longer simply how Dangote built the empire.

It is who will shape what comes after him.

For Dangote, the answer does not have to be a son.

It could be one of his daughters.

Ghana’s stock market is having another big moment and the numbers are difficult to ignore.As of 31 August 2026, the Ghan...
16/09/2026

Ghana’s stock market is having another big moment and the numbers are difficult to ignore.

As of 31 August 2026, the Ghana Stock Exchange (GSE) had delivered a 71.27% year-to-date return in local-currency terms, putting it at the top of a comparison of 14 African stock markets.

That performance places the GSE ahead of several of Africa’s major exchanges and puts Ghana’s capital market firmly back in the continental conversation.

At the centre of the exchange is Abena Amoah, who has served as Managing Director since November 2022. She is the first woman to hold the position, according to published biographical information.

But there is an important distinction behind the headline.

The GSE’s 71.27% return is measured in Ghana cedis. In US-dollar terms, the exchange returned 59.09% and ranked second in the cited comparison, behind Nigeria’s 153% dollar return.

So what is happening on the GSE?

Ghanaian equities have been riding a powerful rally, with the GSE Composite Index posting substantial gains through 2026. Earlier in the year, the index had already crossed 15,000 points after gaining more than 70% from the start of the year.

The story is bigger than a headline percentage.

A strong stock market can give companies a deeper avenue for raising capital and give investors a way to participate in corporate growth. The longer-term question for Ghana is whether the extraordinary performance of 2026 can translate into broader investor participation, deeper liquidity, more listings and a stronger culture of equity ownership.

And this is not Ghana’s first stock-market surge. The GSE has produced major returns in previous periods, meaning the 2026 rally is better understood as another chapter in Ghana’s history of exceptional equity-market performance, rather than an unprecedented event.

For Abena Amoah and the GSE, the challenge now extends beyond producing impressive numbers.

Can Ghana turn a spectacular stock-market rally into lasting capital-market growth and broader wealth creation?

That may ultimately be the more important story.

In 1990, three Ghanaians, Ken Ofori-Atta, Keli Gadzekpo and James Akpo, who would later become Togbe Afede XIV made a re...
16/09/2026

In 1990, three Ghanaians, Ken Ofori-Atta, Keli Gadzekpo and James Akpo, who would later become Togbe Afede XIV made a relatively small financial bet with potentially enormous consequences.

They borrowed $25,000 and started Databank in a small room at the UTC Motors Building in Kantamanto, Accra.

Originally the idea was not to build a financial empire. Databank began as a three-person equity research operation, built around a simple proposition: provide investors with information about Ghana’s emerging capital markets.

But later the founders discovered that research alone would not be enough.

Databank expanded beyond research into stock brokerage, investment banking, asset management and corporate finance building a financial-services platform that would become one of the most recognizable names in Ghanaian finance.

Databank's transformation was bigger than the original business plan. What began with three founders and a $25,000 loan became a company that helped introduce generations of Ghanaians to investing through products ranging from mutual funds to equities and fixed-income securities.

The founders themselves would go on to build influential careers beyond Databank. Ken Ofori-Atta later became Ghana’s Finance Minister. Keli Gadzekpo became a prominent figure in Ghana’s financial-services sector, while James Akpo went on to become Togbe Afede XIV, the Agbogbomefia of the Asogli State.

The Databank story is ultimately a lesson in how businesses are built: capital may start the journey, but adaptability can determine how far it goes.

A $25,000 loan was the starting point. The bigger bet was believing that Ghana’s financial markets could become an industry worth building around.

More than three decades later, that bet has become part of Ghana’s financial history.

What happens when one of Africa’s biggest privately owned industrial assets finally gets a public-market price?For Aliko...
14/09/2026

What happens when one of Africa’s biggest privately owned industrial assets finally gets a public-market price?

For Aliko Dangote, the answer could be a $23 billion jump in paper wealth.

Dangote’s $20 billion refinery is going public today in what is being positioned as Africa’s largest IPO, offering 4.1 billion shares at ₦525 each and seeking to raise about $1.6 billion.

But the bigger story is not the money being raised.

It is the value being unlocked.

Dangote is expected to retain roughly 87% of the refinery, meaning the IPO gives investors a mechanism to put a market value on an asset that has largely been embedded inside his private empire.

If the market valuation holds, Bloomberg estimates the transaction could add as much as $23 billion to Dangote’s fortune.

That is the power of ownership.

The refinery is already operating at about 700,000 barrels per day, with plans to eventually double capacity to 1.4 million barrels per day.

And with the refinery reporting about $1.82 billion in net profit in the first half of 2026, investors are no longer being asked to value only Dangote’s vision. They are being given a stake in an operating industrial giant.

For decades, Dangote built wealth by owning productive assets from cement and manufacturing to infrastructure and now refining.

Today, the market gets a chance to put a price on one of his biggest bets.

The IPO may raise $1.6 billion. But for Dangote, the bigger prize could be the billions in wealth created by making his ownership visible to the public market.

Two brothers. Two very different business strategies. One shared connection to Ghana’s growing economy.Kwaku Ofosu Bedia...
09/09/2026

Two brothers. Two very different business strategies. One shared connection to Ghana’s growing economy.

Kwaku Ofosu Bediako built his business around energy, infrastructure and institutional real estate. Nana Kwame Bediako, popularly known as Cheddar or Freedom Jacob Caesar, built his public profile around luxury real estate, urban development and a broader industrial vision.

Kwaku is the quieter operator.

As founder and Executive Chairman of CH Group, he has built businesses spanning petroleum distribution, fuel storage, construction and property.

Chase Petroleum became Ghana’s first company to secure a Bulk Distributor’s Licence, while Goldkey Properties expanded into high-end commercial and residential developments. Goldkey also served as contractor for the Bank of Ghana’s new headquarters.

His strategy has largely been about building and controlling infrastructure behind the economy.

Nana Kwame has taken a different route.

Through Kwarleyz Group and Wonda World Estates, he has pursued some of Accra’s most ambitious luxury developments, including Kwarleyz Residence and No. 1 Oxford Street.

But his biggest ambition goes beyond luxury property.

Petronia City, a planned 2,000-acre development near Takoradi, was conceived as an integrated ecosystem combining industry, energy, technology, commerce and residential development. It remains a major development vision rather than a completed industrial city.

That distinction aside, the ambition reveals the difference in the brothers’ strategies.

Kwaku built around the infrastructure that powers the economy. Nana Kwame is betting on the cities and ecosystems that could shape its future.

Their stories also point to a broader question for Ghana. Can more locally built businesses evolve from individual fortunes into institutions capable of creating lasting industrial capital?

The Bediako brothers are taking different routes toward that possibility.

And their legacy may ultimately be measured not by the size of their ambitions, but by the companies, infrastructure, jobs and productive assets that endure after them.

Ghanaian private equity veteran Kofi Kwakwa is making a major move into the country’s textile industry.Through Olive Afr...
08/09/2026

Ghanaian private equity veteran Kofi Kwakwa is making a major move into the country’s textile industry.

Through Olive Africa Partners Fashions Ltd., the investment firm he co-founded with John Gadzi, Kwakwa is acquiring the entire shareholding of TexStyles Ghana Limited from Dutch textile group Vlisco BV.

The deal brings two of Ghana’s most recognisable textile names GTP and Woodin under Ghanaian ownership.

For Kwakwa, however, this is bigger than acquiring two established brands.

GTP and Woodin are deeply woven into Ghana’s commercial and cultural identity. Their return to local ownership puts a valuable piece of the country’s textile heritage in the hands of Ghanaian investors at a time when the future of domestic manufacturing is increasingly tied to local capital, industrial capacity and long-term ownership.

The transaction also represents a different way of thinking about private equity in Africa, not simply buying businesses, but acquiring established assets, protecting their brand equity and positioning them for another chapter of growth.

The acquisition is expected to take effect following the completion of the applicable administrative and regulatory requirements.

For Kofi Kwakwa, the message is clear: Ghanaian capital is increasingly looking beyond financial investments and toward ownership of the businesses and brands that shape the economy.

Aliko Dangote is taking one of Africa’s biggest industrial assets to the public markets and he wants millions of ordinar...
08/09/2026

Aliko Dangote is taking one of Africa’s biggest industrial assets to the public markets and he wants millions of ordinary investors to become shareholders.

Dangote Petroleum Refinery is preparing for an IPO that could raise about $1.6 billion, with the offer designed to make ownership accessible to retail investors. The minimum subscription is expected to be 10 shares at ₦525 each, putting the entry point at ₦5,250.

But Dangote’s ambition goes beyond raising capital.

He wants as many as 10 million shareholders across Africa to own a stake in the refinery a strategy that could transform one of the continent’s largest privately controlled industrial projects into a mass-market investment opportunity.

The refinery, located in Lagos, has a capacity of about 650,000–700,000 barrels per day and is already reshaping Nigeria’s petroleum market.

For Dangote, the IPO represents another stage in the wealth-building journey: turning a massive industrial asset created by one entrepreneur into an asset that millions of investors can participate in owning.

The subscription is scheduled to open September 14, 2026.

If successful, Dangote won't just have built a refinery. He may have helped create a new generation of African shareholders.

The bigger question: How much wealth can ordinary Africans build by owning pieces of the continent’s biggest companies?

Afrobeats star and investor Mr Eazi is making a major bet on healthcare.His investment firm, Zagadat Capital GH Ltd, has...
07/09/2026

Afrobeats star and investor Mr Eazi is making a major bet on healthcare.

His investment firm, Zagadat Capital GH Ltd, has acquired a 17.31% stake in Intravenous Infusions PLC, a Ghanaian pharmaceutical manufacturer listed on the Ghana Alternative Exchange.

The investment represents 47.5 million shares, giving Zagadat a stake currently worth about $2.7 million based on the company’s recent market price.

But for Mr Eazi, the investment is about more than financial returns.

He says his decision was shaped by the three years his mother battled illness, during which he saw firsthand the challenges patients face in accessing affordable, quality medicines.

Rather than continuing to address the problem solely through donations, he decided to invest in the infrastructure that produces essential drugs.

Intravenous Infusions manufactures intravenous fluids, saline solutions and injectables, with a significant share of Ghana’s IV-fluid market and an existing footprint in parts of West Africa.

Zagadat says it plans to work with the existing management to expand production capacity and grow exports across ECOWAS not take control of the company.

The investment is also notable because it comes as Intravenous Infusions faces financial pressure, with 2025 revenue falling sharply and the company reporting a multimillion-cedi loss.

For Mr Eazi, the thesis appears straightforward, invest in essential healthcare infrastructure, increase production, lower the cost of critical medicines and build a business capable of serving a larger West African market.

It is a reminder that some of Africa’s most consequential investment opportunities may sit in industries far removed from the spotlight and that personal experiences can sometimes shape where capital flows next.

Success isn't only about the opportunities you find. It is also about the people you keep close.Ghanaian businessman Dan...
07/09/2026

Success isn't only about the opportunities you find. It is also about the people you keep close.

Ghanaian businessman Daniel McKorley believes your circle can shape your mindset, influence your decisions and ultimately affect the future you build.

He says successful people should surround themselves with those driven by desire, ambitious, hungry and goal-oriented, individuals who constantly push themselves toward bigger goals.

They also need courageous people, risk-takers, confident thinkers and intelligent individuals who aren't afraid to step outside their comfort zones.

Then come people who bring hope: optimistic, inspiring and uplifting individuals who maintain faith and see possibilities even during difficult times.

But ambition needs balance. McKorley values grounded people who are practical, stable and capable of keeping you connected to reality.

He also keeps responsible, solution-oriented people close, those who take ownership, can be trusted and focus on finding answers rather than making excuses.

And finally, there are the free spirits: easy-going, spontaneous people who remind you that life is bigger than business, money and work.

The lesson is simple:

Build a circle that challenges your ambition, strengthens your courage, gives you hope, keeps you grounded, encourages responsibility and reminds you to live.

Because the people you keep around you don't just influence your present.

They can help shape your future.

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