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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.
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South African business titan Phuthuma Nhleko says Africa must rebuild confidence to meet 2050 growth test
Phuthuma Nhleko says Africa’s future hinges on a confident shared identity, warning demographics will outpace growth if mindset and institutions lag.
BET cancels show financially backed by LeBron James
BET pulled the plug on Cam Newton’s “106 & Sports” after eight episodes, a quick end despite LeBron James and SpringHill’s involvement.
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Appeal judges rejected Paul Ndung’u’s move to revive a withdrawn SportPesa case, saying courts cannot undo an order that was never filed.
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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 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.
Mandarin Oriental to take over Egypt’s Old Cataract and Winter Palace
Mandarin Oriental plans a major Egypt push with the Old Cataract in Aswan, Luxor’s Winter Palace and its first luxury Nile cruise.
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.
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.
Mombasa billionaire Mohammed Jaffer wins delay in court case against maize miller
A Mombasa High Court pushed to May a Ksh90 million suit targeting a grain handler associated with businessman Mohammed Jaffer after witnesses failed to attend.
Bill Gates Rejects Claims Linking Him to Mosquito Surge in Kenya
Bill Gates has rejected claims circulating online that link him to a surge in mosquitoes in Kenya, with his foundation calling the allegations false.
Kenyan billionaire Manu Chandaria donates $150,000 to new student innovation hub
Industrialist and philanthropist Manu Chandaria, through the Chandaria Foundation, has partnered with KCA University on a Sh20 million incubation and innovation centre in Nairobi.
Court orders arrest of Kenyan tycoon Pius Ngugi over $32,000 legal fees
A Nairobi court issued an arrest warrant for tycoon Pius Ngugi over Sh4.19 million in legal fees after a bid to stop execution failed.
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.
South African business titan Phuthuma Nhleko says Africa must rebuild confidence to meet 2050 growth test
Phuthuma Nhleko says Africa’s future hinges on a confident shared identity, warning demographics will outpace growth if mindset and institutions lag.
Zim billionaire Strive Masiyiwa's Cassava backs new global tech alliance
Strive Masiyiwa joins global tech leaders at Munich to launch the Trusted Tech Alliance aimed at strengthening trust, security and digital resilience.
Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
HUB Cyber Security to buy South Africa’s Ferrox, betting $125 million on a critical minerals mine
HUB Cyber Security agreed to buy South Africa’s Ferrox and the Tivani mine project in a $125 million equity deal tied to milestones.
Patrice Motsepe steps back from executive chair role at ARM as JSE rules tighten
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Billionaire Patrice Motsepe-linked Sanlam acquires majority stake in Medhold
Patrice Motsepe Sanlam Private Equity has taken majority control of Medhold, signaling renewed investment in Southern Africa healthcare sector.
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.
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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.
South African business titan Phuthuma Nhleko says Africa must rebuild confidence to meet 2050 growth test
Phuthuma Nhleko says Africa’s future hinges on a confident shared identity, warning demographics will outpace growth if mindset and institutions lag.
Aliko Dangote predicts naira could strengthen to N1,100 this year
Aliko Dangote says the naira may strengthen to N1,100 per dollar this year as reforms and reduced imports reshape Nigeria economy.
BET cancels show financially backed by LeBron James
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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.
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.
Mellody Hobson’s Chicago power play: Ariel co CEO expands influence from Wall Street to women’s sports
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How BUA founder Abdul Samad Rabiu climbed to Africa's fourth richest
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Tiger Woods opens door to 2026 Masters return and Ryder Cup captaincy
Tiger Woods says he is trying to return for the 2026 Masters while also weighing a possible U.S. Ryder Cup captaincy in 2027
Nigerian cable tycoon Solomon Onafowokan targets $37 million raise after fibre optic factory launch
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Zim billionaire Strive Masiyiwa's Cassava backs new global tech alliance
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Robert F. Smith's Vista and Intel co-lead $350 million plus raise for AI chip startup SambaNova
Vista and Intel are co-leading a $350 million plus round for SambaNova, resetting the company after an Intel takeover did not happen.
MTN strikes $6.2 billion deal to take full control of IHS towers
MTN moves to acquire IHS Towers in $6.2bn deal, consolidating control over one of Africa’s largest tower networks.
Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
HUB Cyber Security to buy South Africa’s Ferrox, betting $125 million on a critical minerals mine
HUB Cyber Security agreed to buy South Africa’s Ferrox and the Tivani mine project in a $125 million equity deal tied to milestones.
