Nigerian billionaire Phillip Ihenacho is selling most of Azura Power to an Abu Dhabi buyer
Billionaires Africa | 31.08.2026 19:30
An Abu Dhabi energy investor is buying 90% of Azura Power, ending sixteen years of control by the Nigerian firm that founded it and leaving Phillip Ihenacho's Amaya Capital with a tenth of a business that supplies roughly a tenth of the grid baseload in three African countries.
