Featured
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Editors' Picks
Nigerian oil magnate Muhammadu Indimi’s Oriental Energy ordered to pay daughters $43.51 million in dividend feud
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
Exclusive Content For Paid Supporters
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 royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Egyptian billionaire Hisham Talaat Moustafa’s TMG posts $381 million profit after 43% surge
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
Tunisian businessman Abdelwaheb Ben Ayed’s Poulina Group moves ahead with bid for cheese maker LandOr
Poulina Group Holding has launched a bid for a majority stake in LandOr, signaling a new push to strengthen its agri food business.
Egyptian billionaire Naguib Sawiris says anger cost him €500 million in failed investment bet
Naguib Sawiris says an angry investment decision wiped out €500 million, as the Egyptian billionaire reflects on risk and discipline.
San Diego FC's billionaire owner Mohamed Mansour says club is focused on long term growth as Year 2 begins
Mohamed Mansour says San Diego FC is entering Year 2 with bigger expectations and a long term plan on and off the field.
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.
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.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
Madagascar issues international arrest warrant for tycoon Mamy Ravatomanga over alleged lychee export fraud
Madagascar has issued an international arrest warrant for tycoon Mamy Ravatomanga, accused in a sweeping lychee export fraud and money laundering case.
Kenyan sports betting mogul Ronald Karauri enters Nairobi governor race ahead of 2027
Ronald Karauri, a businessman and Kasarani MP linked to SportPesa’s rise, has declared a 2027 bid for Nairobi governor.
20 businesses owned by Tanzanian billionaire Edha Nahdi
Inside Edha Nahdi’s 20 key businesses, from fuel and cement to logistics and smart grid technology, as Amsons expands across East Africa.
Kenyan tycoon Francis Njogu's Gulf Energy secures $15 million drilling rig
Gulf Energy chairman Francis Njogu has secured a $15 million oil rig as the company prepares to begin drilling in Turkana.
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.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Pentagon opens door to Elon Musk’s Grok in classified AI shift
Pentagon weighs adding Elon Musk’s Grok to classified systems as tensions with Anthropic grow over limits on military AI use
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
Patrice Motsepe's African Rainbow Minerals flags higher interim earnings ahead of March results
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.
Wealthy businessman Sandile Zungu floated for South African Football Association top job
AmaZulu owner Sandile Zungu says he knows his name is in the SAFA conversation, a move that would bring big money and sharper scrutiny.
Elon Musk says SpaceX could launch Starship every hour within three years
Elon Musk says SpaceX may launch Starship every hour within three years, transforming satellite deployment and reshaping the future of spaceflight.
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
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
Michael Jordan’s 23XI Racing surges to top of NASCAR standings
Michael Jordan and Denny Hamlin’s 23XI Racing opens 2026 with two wins, fueling championship hopes and growing dominance in NASCAR
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Aliko Dangote unveils plan to turn Refinery into industrial powerhouse with massive detergent chemical plant
Aliko Dangote has announced a major petrochemical project that will turn his refinery into an industrial hub and position Nigeria as Africa’s largest supplier of detergent raw materials.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Vista Equity Partners backs SambaNova in $350M AI chip deal
Vista Equity Partners leads $350 million round in AI chipmaker SambaNova as demand rises for inference hardware and Intel signs partnership.
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Nigerian entrepreneur Seyi Ebenezer’s Payaza targets $33 million in fresh commercial paper offer
Payaza opens a $33 million commercial paper offer to boost working capital and support expansion across its payments network.
Court says Tunde J. Afolabi's AMNI not in receivership, fixes ruling date
Federal High Court clarifies AMNI is not in receivership and sets a date to rule on the stay request in the Cenroc dispute.
Pentagon opens door to Elon Musk’s Grok in classified AI shift
Pentagon weighs adding Elon Musk’s Grok to classified systems as tensions with Anthropic grow over limits on military AI use
Nigerian oil magnate Muhammadu Indimi’s Oriental Energy ordered to pay daughters $43.51 million in dividend feud
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
