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Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
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Africa's richest man Aliko Dangote turns to exports as Nigeria's petrol imports triple
Nigeria's gasoline imports tripled in June as Aliko Dangote's refinery cut domestic supply to sell abroad and earn the dollars it needs to buy crude.
Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
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Aliko Dangote has raised about $2.5 billion privately at a ~$40 billion valuation, days before floating the refinery on the Nigerian Exchange. Last week we called the IPO the hinge of his whole network. This is the hinge turning.
Morocco's prime minister is worth $1.6 billion and sells a third of its fuel
Aziz Akhannouch is worth $1.6 billion, sells Morocco a third of its fuel, and runs the government that awards his companies contracts.
Egypt's billionaire El Sewedy family deepens education push with eight new German-model tech schools
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Billionaire Nassef Sawiris' Aston Villa banks record $157 million from Chelsea sale of Morgan Rogers
Aston Villa, chaired by Egypt's richest man Nassef Sawiris, has agreed a record $157 million sale of Morgan Rogers to Chelsea.
Algerian billionaire Abderrahmane Benhamadi's Condor signs German pipe manufacturing deal in Berlin
Abderrahmane Benhamadi's Condor agreed with Germany's Maincor to make pipes in Algeria, among more than 30 deals signed in Berlin.
Mohammed VI's sisters expand property empire with Delano Marrakech deal and French land
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Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
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Algerian billionaire Abderrahmane Benhamadi's Condor pushes deeper into African and European markets
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Billionaire Nassef Sawiris' Aston Villa signs record Visit Rwanda shirt sponsorship deal
Aston Villa, co-owned by Egyptian billionaire Nassef Sawiris, has signed a record shirt sponsorship with Visit Rwanda worth up to £20m a year.
Africa's richest man Aliko Dangote turns to exports as Nigeria's petrol imports triple
Nigeria's gasoline imports tripled in June as Aliko Dangote's refinery cut domestic supply to sell abroad and earn the dollars it needs to buy crude.
Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
Nigerian tycoon Rasheed Sarumi's Presco stake hits $1 billion after Belgian buyout
Rasheed Sarumi's Presco stake is worth $1.03 billion after buying SIAT from a Belgian family in court restructuring, but his debt position is unknown.
Africa's richest man Aliko Dangote's refinery runs at half capacity as exports fall
Aliko Dangote's refinery is operating at roughly half throughput after an equipment fault, pushing product exports to their lowest level in three months.
Tony Elumelu's Transcorp H1 profit falls 17% to $39 million as power revenue slides
Tony Elumelu's Transcorp posted a 16.6 percent drop in first-half profit to $39.4 million as gas shortages cut output at its power plants.
Nigerian businessman Kola Karim's Shoreline Power lands $200m Afreximbank facility
Afreximbank has approved a $200 million facility for Kola Karim's Shoreline to fund its share of a $980 million Algerian oil field development.
Nigerian billionaire Femi Otedola spends $56 million on First HoldCo shares in his largest single purchase
Femi Otedola spent about $56 million on 706 million First HoldCo shares, his largest single purchase since taking the bank's chairmanship.
Cameroon's richest man Baba Danpullo launches Douala fund to manage family fortune
Cameroon's richest man Baba Danpullo has launched Danpullo Capital, a Douala joint venture with Kessner Capital, to grow family assets.
High Court clears the way to distribute Simeon Nyachae's estate
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Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
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Family Bank founder Titus Muya and associates pocket $36.6 million paper gain as Kenyan lender surges 44% on NSE debut
Family Bank founder Titus Muya and his associates pocketed a $36.6 million paper gain as the Kenyan lender surged 44% on its NSE debut Tuesday.
Billionaire Rostam Aziz's Taifa Mining clears key hurdle at Tanzania gold project set for construction
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Tanzanian billionaire Edha Nahdi's cement bets pay off as EAPC profit jumps five-fold
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Madagascar tycoon Mamy Ravatomanga's security firm severs ties with France's Amarante International
A security firm formerly linked to Madagascar's Mamy Ravatomanga has broken with France's Amarante International as his Sodiat Group empire faces deepening judicial pressure.
Kenyan tycoon TK Muya's Family Bank wins regulatory approval for its long-awaited NSE listing
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Adil Popat's Simba Corp commits $7.7 million to Kenya electric vehicle assembly line
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Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Johann Rupert's Reinet walks away from major deal and restarts $585 million buyback
Johann Rupert's Reinet has walked away from a major investment it spent months assessing, restarting a $585 million buyback of its own shares instead.
Billionaire Patrice Motsepe rules out South African presidency and FIFA bid in double denial
Billionaire Patrice Motsepe has ruled out running for South Africa's presidency, and separately rejected any interest in leading FIFA after Gianni Infantino.
Aspen, controlled by tycoon Stephen Saad, wins Canadian approval for generic Ozempic
Stephen Saad's Aspen Pharmacare has won Canadian approval for a generic Ozempic, but an ingredient supply failure will keep it off shelves for months.
Zambian tycoon Rajan Mahtani's Finance Bank battles Malawi government over $284 million compensation claim
Finance Bank Malawi, linked to Zambian magnate Rajan Mahtani, is battling the government over a $284 million compensation claim after an unlawful licence revocation.
Global Witness says First Quantum bankrolled Zambia's president as tax breaks topped $771 million
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Founding family's grip on Dis-Chem loosens as Ivan Saltzman's son quits the board
Saul Saltzman, son of Dis-Chem's billionaire founder Ivan Saltzman, has resigned from the board, loosening the founding family's grip on the retailer.
South African billionaire Koos Bekker opens $14,000-a-night lodge in second English village
The Newt, owned by South African billionaire Koos Bekker, has opened a 16-bedroom private estate in Somerset costing from $14,100 a night.
Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
Morocco's upper house has rejected a bid to nationalise the SAMIR refinery, the shuttered facility once owned by billionaire Mohammed Al-Amoudi that collapsed under $4 billion in debt.
Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
Mohammed Al-Amoudi's MIDROC Ethiopia has signed an $80 million IFC loan to refurbish the Sheraton Addis and build a second Sheraton hotel in Addis Ababa.
Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
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Somali tycoon Amina Moghe Hersi's Atiak Sugar Factory has eaten $204 million and produced nothing in years. Uganda is demanding answers.
Uganda's parliament is demanding answers after Amina Moghe Hersi's Atiak Sugar Factory consumed $204 million in public and private funds without producing sugar in years.
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How Djiboutian tycoon Abdourahman Boreh helped Dubai build a port empire in the Horn of Africa, then became its most inconvenient witness
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Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
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Latest Posts
Africa's richest man Aliko Dangote turns to exports as Nigeria's petrol imports triple
Nigeria's gasoline imports tripled in June as Aliko Dangote's refinery cut domestic supply to sell abroad and earn the dollars it needs to buy crude.
Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
Madagascar tycoon Mamy Ravatomanga has spent seven months in jail without formal charge
Malagasy tycoon Mamy Ravatomanga has spent seven months in a Mauritian prison on provisional charges, with prosecutors yet to file any formal accusation.
Nigerian tycoon Rasheed Sarumi's Presco stake hits $1 billion after Belgian buyout
Rasheed Sarumi's Presco stake is worth $1.03 billion after buying SIAT from a Belgian family in court restructuring, but his debt position is unknown.
Africa's richest man Aliko Dangote's refinery runs at half capacity as exports fall
Aliko Dangote's refinery is operating at roughly half throughput after an equipment fault, pushing product exports to their lowest level in three months.
Tony Elumelu's Transcorp H1 profit falls 17% to $39 million as power revenue slides
Tony Elumelu's Transcorp posted a 16.6 percent drop in first-half profit to $39.4 million as gas shortages cut output at its power plants.
Morocco's prime minister is worth $1.6 billion and sells a third of its fuel
Aziz Akhannouch is worth $1.6 billion, sells Morocco a third of its fuel, and runs the government that awards his companies contracts.
Johann Rupert's Reinet walks away from major deal and restarts $585 million buyback
Johann Rupert's Reinet has walked away from a major investment it spent months assessing, restarting a $585 million buyback of its own shares instead.
Billionaire Patrice Motsepe rules out South African presidency and FIFA bid in double denial
Billionaire Patrice Motsepe has ruled out running for South Africa's presidency, and separately rejected any interest in leading FIFA after Gianni Infantino.
Aspen, controlled by tycoon Stephen Saad, wins Canadian approval for generic Ozempic
Stephen Saad's Aspen Pharmacare has won Canadian approval for a generic Ozempic, but an ingredient supply failure will keep it off shelves for months.
Nigerian businessman Kola Karim's Shoreline Power lands $200m Afreximbank facility
Afreximbank has approved a $200 million facility for Kola Karim's Shoreline to fund its share of a $980 million Algerian oil field development.
Nigerian billionaire Femi Otedola spends $56 million on First HoldCo shares in his largest single purchase
Femi Otedola spent about $56 million on 706 million First HoldCo shares, his largest single purchase since taking the bank's chairmanship.
Cameroon's richest man Baba Danpullo launches Douala fund to manage family fortune
Cameroon's richest man Baba Danpullo has launched Danpullo Capital, a Douala joint venture with Kessner Capital, to grow family assets.
Kenya's wealthy Muguku family nears $70 million sale of Waterfront Karen mall
The heirs of Kenyan poultry billionaire Nelson Muguku are near a deal to sell their Karen mall for about $70 million, half the 2021 asking price.
Zambian tycoon Rajan Mahtani's Finance Bank battles Malawi government over $284 million compensation claim
Finance Bank Malawi, linked to Zambian magnate Rajan Mahtani, is battling the government over a $284 million compensation claim after an unlawful licence revocation.
