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Swiss-Indian billionaire heiress Vasundhara Oswal sues Ugandan police for $1m after 2024 detention
Vasundhara Oswal, an investor in Uganda’s ethanol industry, is suing senior police officers for $1 million after a 2024 arrest she calls unlawful.
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British billionaire Richard Branson unveils Virgin Active’s $6.2 million “social wellness” club in Cape Town
Richard Branson opened Virgin Active’s new Green Point flagship, a R100 million plus rebuild that blends training, recovery, health support and social space.
Masiyiwa’s Econet delisting gets broker backing as ZSE valuation dispute deepens
Broker FBC Securities backs Econet’s undervaluation claim as Strive Masiyiwa’s telecom group plans a delisting and a $0.50 per share exit.
Swiss-Indian billionaire heiress Vasundhara Oswal sues Ugandan police for $1m after 2024 detention
Vasundhara Oswal, an investor in Uganda’s ethanol industry, is suing senior police officers for $1 million after a 2024 arrest she calls unlawful.
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Moroccan multimillionaire Chakib Alj moves to restart Forafric mills ahead of Ramadan demand
Chakib Alj is restocking Forafric’s mills in Meknes and Marrakesh ahead of Ramadan, tightening his grip on the debt hit flour producer.
Moroccan real estate billionaire Anas Sefrioui bets $300 million on luxury towers in Abidjan
Addoha founder Anas Sefrioui is putting $300 million into Abidjan’s Zone 4, a luxury project built around four 20 story towers.
Morocco's King Mohammed VI launches 157 mosques nationwide with $64.7 million investment
King Mohammed VI has ordered the opening of 157 mosques across Morocco, expanding worship space for about 160000 faithful before Ramadan.
Saudi Arabia's richest women invest in Egyptian delivery startup Breadfast's $50 million round
Saudi business leaders Lubna and Hutham Olayan joined Mubadala in backing Egypt’s Breadfast, a fast delivery startup chasing growth beyond Cairo.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Sheikh Tahnoon bin Zayed-backed belton acquires Baobab in €197.6 million Africa expansion push
Beltone, backed by Sheikh Tahnoon bin Zayed’s Chimera, bought Baobab Group for €197.6 million to expand across Africa.
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Refinery of Africa’s richest man Aliko Dangote lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Swiss-Indian billionaire heiress Vasundhara Oswal sues Ugandan police for $1m after 2024 detention
Vasundhara Oswal, an investor in Uganda’s ethanol industry, is suing senior police officers for $1 million after a 2024 arrest she calls unlawful.
Kenyan businessman SK Macharia back in court as judge demands clarity on who owns insurer Directline
S K Macharia appeared in court as the Directline shareholding dispute intensified, with a judge urging regulators to clarify ownership.
Dangote-backed IFC deal unlocks $20 million in loans for Ethiopian small businesses
Dangote plays a central role in a $10 million IFC initiative with Dashen Bank, designed to provide Ethiopian SMEs with access to $20 million in loans, fostering entrepreneurship and financial inclusion.
Kenyan tycoon Zedekiah Bundotich Kiprop's logistics firm hit with $6.7 million debt ruling
Kenya’s High Court cleared I&M Bank to recover Sh864.7 million from Buzeki Enterprises, ruling a promissory note must be enforced as written.
Kenyan multimillionaire investor Paul Ndung’u loses fresh bid to reopen SportPesa case
Appeal judges rejected Paul Ndung’u’s move to revive a withdrawn SportPesa case, saying courts cannot undo an order that was never filed.
Tanzanian multimillionaire Ghalib Said Mohamed to build CAF level stadium in Dar es Salaam
Young Africans says GSM Group president Ghalib Said Mohamed has won the bid to build a CAF standard stadium to end years of renting.
Narendra Raval's Devki Steel seeks $12 million VAT settlement with KRA
Narendra Raval Devki Steel has opened negotiations with Kenya Revenue Authority in a Sh1.6 billion VAT dispute over factory equipment imports
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
British billionaire Richard Branson unveils Virgin Active’s $6.2 million “social wellness” club in Cape Town
Richard Branson opened Virgin Active’s new Green Point flagship, a R100 million plus rebuild that blends training, recovery, health support and social space.
Masiyiwa’s Econet delisting gets broker backing as ZSE valuation dispute deepens
Broker FBC Securities backs Econet’s undervaluation claim as Strive Masiyiwa’s telecom group plans a delisting and a $0.50 per share exit.
Inside Patrick Mavros: The African luxury house forged in silver and story
Patrick Mavros Junior explains how a Zimbabwe born atelier turned wildlife and craft into Africa’s most distinctive luxury house.
Mark and Brett Levy's Blu Label reports first half loss after Cell C spin off
Mark Levy Blu Label reported a first half loss after spinning off Cell C, though core operations remained profitable.
Billionaire Patrice Motsepe emerges in ANC succession talk after ARM shift and new polling
Patrice Motsepe’s move at ARM is feeding fresh ANC succession talk, with polling putting the billionaire ahead of party heavyweights.
South African billionaire Mark Shuttleworth to pay $958 to Principe Island residents to protect biodiversity
South African tech billionaire Mark Shuttleworth is launching a cash stipend for thousands on Principe Island to reward environmental protection efforts.
Mark and Brett Levy's Blu Label secures major energy trading licence for BluEnergy
Mark Levy has secured a multi year trading licence for BluEnergy, strengthening Blu Label role in South Africa evolving power market.
eXp Realty hits 1,400 agents, breaks into South Africa’s top 3 agencies
eXp Realty says it has reached 1,400 agents in South Africa, making it the largest non franchised brokerage and the third biggest overall.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
Ethiopia’s richest man Mohammed Al-Amoudi gains $2.2 billion; wealth nears $8 billion
Mohammed Al-Amoudi’s fortune rises $2.2 billion after Svenska sale, pushing his net worth toward $8 billion.
Latest Posts
British billionaire Richard Branson unveils Virgin Active’s $6.2 million “social wellness” club in Cape Town
Richard Branson opened Virgin Active’s new Green Point flagship, a R100 million plus rebuild that blends training, recovery, health support and social space.
Masiyiwa’s Econet delisting gets broker backing as ZSE valuation dispute deepens
Broker FBC Securities backs Econet’s undervaluation claim as Strive Masiyiwa’s telecom group plans a delisting and a $0.50 per share exit.
Swiss-Indian billionaire heiress Vasundhara Oswal sues Ugandan police for $1m after 2024 detention
Vasundhara Oswal, an investor in Uganda’s ethanol industry, is suing senior police officers for $1 million after a 2024 arrest she calls unlawful.
Inside Patrick Mavros: The African luxury house forged in silver and story
Patrick Mavros Junior explains how a Zimbabwe born atelier turned wildlife and craft into Africa’s most distinctive luxury house.
Kenyan businessman SK Macharia back in court as judge demands clarity on who owns insurer Directline
S K Macharia appeared in court as the Directline shareholding dispute intensified, with a judge urging regulators to clarify ownership.
Mark and Brett Levy's Blu Label reports first half loss after Cell C spin off
Mark Levy Blu Label reported a first half loss after spinning off Cell C, though core operations remained profitable.
Dangote calls for emergency power summit to save Nigeria’s $500bn economy
Africa's richest man, Aliko Dangote calls for urgent power sector reforms, saying stable electricity is key to Nigeria’s $500bn economy and industrial growth.
Billionaire Patrice Motsepe emerges in ANC succession talk after ARM shift and new polling
Patrice Motsepe’s move at ARM is feeding fresh ANC succession talk, with polling putting the billionaire ahead of party heavyweights.
Dangote Cement makes capital market history with first commercial paper listing on Nigerian Exchange
Dangote Cement has become the first company to list commercial papers on the Nigerian Exchange, marking a major milestone for Nigeria’s capital market and expanding funding opportunities for large corporates.
Dangote-backed IFC deal unlocks $20 million in loans for Ethiopian small businesses
Dangote plays a central role in a $10 million IFC initiative with Dashen Bank, designed to provide Ethiopian SMEs with access to $20 million in loans, fostering entrepreneurship and financial inclusion.
Billionaire Abdul Samad Rabiu donates $370,000 60-bed hospital to Nigerian customs
BUA, via ASR Africa, funded a N500m 60-bed hospital in Bauchi to support Customs personnel and surrounding communities.
Africa's richest man to fund $1 million scholarhips for Bayero University Postgraduate students
Aliko Dangote has committed N1.5 billion to support postgraduate business students at Bayero University Kano through a five year scholarship scheme.
Sterling HoldCo begins share allotment after oversubscribed $78.6 million offer
Sterling HoldCo starts allotting shares after raising $78.6 million in a public offer that was oversubscribed by investors.
Share price of FCMB surges near 52-week high after $13.9 million cross deals
FCMB shares rise toward a 52-week high after $13.9 million in cross deals drive heavy trading on the Exchange.
South African billionaire Mark Shuttleworth to pay $958 to Principe Island residents to protect biodiversity
South African tech billionaire Mark Shuttleworth is launching a cash stipend for thousands on Principe Island to reward environmental protection efforts.
Kenyan tycoon Zedekiah Bundotich Kiprop's logistics firm hit with $6.7 million debt ruling
Kenya’s High Court cleared I&M Bank to recover Sh864.7 million from Buzeki Enterprises, ruling a promissory note must be enforced as written.
