The oil money never benefited the people of the country, as the dictator siphoned off huge amounts for his own use.

According to Statista, Africa’s 10 richest countries had a combined Gross Domestic Product (GDP) of £1.9 trillion ($1.95 ...

LAGOS, Nigeria—Africa’s richest person, industrial titan Aliko Dangote, has a lofty goal: He wants to become Nigeria’s John D. Rockefeller, using his wealth to transform his homeland.

Aliko Dangote is the richest man in Africa, worth over $10 billion, and yet he doesn't even own a fleet of cars or a private ...

Africa is a continent rich in natural resources and diverse industries, making it a key player in global trade. ・Africa is ...

A group of African countries is set to launch a bank to fund oil and gas ... growth by boosting Africa’s energy supply. Its founders consider it a lifeline in a continent rich with natural ...

Many African countries are ... (around €372,000) is rich compared to someone who has nothing." The gap between rich and poor is widening — and not just in Africa. A new report from the NGO ...

Samaila Zubairu, chief executive of the AFC - a development finance institution owned by Nigeria's central bank and other African financial institutions - said in an interview the lender was ready to ...

DUBAI, United Arab Emirates (AP) — Flights to the small, oil-rich country of Kuwait were briefly disrupted Saturday under unclear circumstances. Local media in Kuwait reported the disruption ...

Nigeria, Africa’s largest economy, is a prime example of a country that is rich in natural resources but where the wealth is unevenly distributed. The country is home to vast oil reserves ...

Nigerian billionaire Aliko Dangote doubled his fortune thanks to the opening of Africa’s largest oil refinery. But so far, only he has reaped the rewards.