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South African billionaire Ivan Saltzman's Dis-Chem faces Constitutional Court fight over cancer drug
A patent battle over a prostate cancer drug sold through Ivan Saltzman's Dis-Chem pharmacy chain is heading to South Africa's Constitutional Court this month.
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South African billionaire Ivan Saltzman's Dis-Chem faces Constitutional Court fight over cancer drug
A patent battle over a prostate cancer drug sold through Ivan Saltzman's Dis-Chem pharmacy chain is heading to South Africa's Constitutional Court this month.
South African mining tycoon Daphne Mashile-Nkosi opens multimillion-rand community centre in Soweto
Manganese mining tycoon Daphne Mashile-Nkosi's family foundation has opened a multimillion-rand community centre in Soweto's Naledi, named after her late mother, Linah Mashile.
Former Nigerian militant Government 'Tompolo' Ekpemupolo is Fidelity Bank's top shareholder, report says
Pipeline security chief Tompolo has kept buying Fidelity Bank shares and now tops its register, a column said, as the bank seeks a new CEO.
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The Inside Story: The Dealer — How Mohamed Mansour Rebuilt a Nationalised Family Business Into a $4 Billion Fortune, From GM and Caterpillar to Electric Cars and Football
Nasser nationalised his father's cotton business. Mohamed Mansour came back, won the GM and Caterpillar franchises and built one of Egypt's largest companies. Now, at 78, he is building electric cars with China's SAIC. The story of the dealer, from Cairo to Westminster.
Deep-Dive Report: The $60 Billion Map — Dangote's Plan From Walvis Bay to Lamu, Who Is Financing It, and What Could Slow It Down
Aliko Dangote has raised his Africa investment target to $60 billion by 2030, broken ground on a $2.5 billion fuel hub in Namibia and heard Afreximbank say it would lend him $10 billion. A deep-dive on the projects, the money behind them and the risks of building at this scale.
Investor Memo: The New Orascom — What Nassef Sawiris's OCI Merger Means for Shareholders, the Cash Offer Closing November 17, and the $1 Billion Investment Plan
OCI shareholders voted 99.85% to fold the company into Orascom Construction. Now they must choose between Orascom shares and Nassef Sawiris's €4.10 cash offer, which closes November 17. Our arithmetic on both options, Sawiris's likely stake and the new group's $1 billion plan.
Morocco's royal holding Al Mada leads $12 million round in AI startup Journify
Al Mada Ventures, backed by the investment holding of Morocco's royal family, led a $12 million Series A in advertising data startup Journify.
Egypt’s richest man Nassef Sawiris wins 99.85% vote to merge OCI and Orascom
Egypt’s richest man won near-unanimous approval to fold OCI into Orascom Construction, creating an Abu Dhabi investment group he will chair.
Egyptian billionaire Nassef Sawiris' Aston Villa commits to Unai Emery beyond 2029
Egyptian billionaire Nassef Sawiris's Aston Villa says it has a clear commitment from manager Unai Emery beyond 2029, after interest from Manchester United.
Egyptian billionaire Mohamed Mansour's $150 million electric car plant to open in 2027
Egyptian billionaire Mohamed Mansour's group expects to finish its electric-vehicle plant near Cairo by early 2027, as his Right to Dream academy partners with Egypt.
Egyptian billionaire Nassef Sawiris wins shareholder approval to merge OCI with Orascom Construction
OCI shareholders have approved its combination with Orascom Construction, advancing Egyptian billionaire Nassef Sawiris’s plan to create a broader infrastructure and investment platform.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric moves into elevators
Elsewedy Electric, the industrial group run by Egyptian tycoon Ahmed Elsewedy, has launched an elevator brand and wants 1 billion pounds in sales in 2027.
Egyptian billionaire Nassef Sawiris wins apology from TV pundit Jamie Carragher
TV pundit Jamie Carragher apologized to Aston Villa, its owners and fans less than 24 hours after Egyptian billionaire Nassef Sawiris threatened legal action.
Egyptian pharma tycoon Ahmed Abu Al-Naga sells half of ATCO for $50 million
Private equity firm RMBV is taking 50% of ATCO Pharma, the Egyptian drugmaker run by Ahmed Abu Al-Naga, in a $50 million deal.
Former Nigerian militant Government 'Tompolo' Ekpemupolo is Fidelity Bank's top shareholder, report says
Pipeline security chief Tompolo has kept buying Fidelity Bank shares and now tops its register, a column said, as the bank seeks a new CEO.
Late Nigerian billionaire Bode Akindele’s will tested in court as son claims exclusion
The lawyer who prepared the late Bode Akindele's 2017 will faced cross-examination in Lagos as the businessman's first son pressed his challenge to the document.
Ivorian tycoon Jean-Louis Billon's SIFCA and EDF open $256 million power plant
A 46-megawatt power plant co-owned by the Billon family's SIFCA group, EDF and Meridiam has opened in Ivory Coast, running on palm oil waste.
Nigerian billionaire Aliko Dangote's refinery stake to drop to 84% after record IPO
Aliko Dangote will own about 84.4% of his oil refinery once shares from its record IPO are issued, down from 87.3%, a $40 billion stake.
Nigerian billionaire Aliko Dangote says he paid 40% interest on cement plant loans
Aliko Dangote said Nigerian banks charged up to 40% interest to fund his Obajana cement plant, whose cost climbed from $180 million to $1 billion.
Cameroonian banking tycoon Paul Fokam's Afriland doubles capital to $188 million
Afriland First Bank, Cameroon's biggest lender by assets, raised its share capital to 110 billion CFA francs by converting 60 billion francs of reserves.
Nigerian billionaire Aliko Dangote's refinery got 94.4 million barrels of local crude
Nigerian producers supplied 94.43 million barrels of crude to Aliko Dangote's refinery in 2025, roughly 259,000 barrels a day, the oil regulator said.
Nigerian billionaire Aliko Dangote's $2.5 billion Namibia project was nearly lost, president says
Namibian President Netumbo Nandi-Ndaitwah said she had to call Aliko Dangote and plead with him to stay after delays frustrated his team.
Kenya's wealthy Kinuthia family sees Quickmart IPO oversubscribed with $142 million in bids
Investors bid Sh18.4 billion for Quickmart's Sh15 billion share sale, securing a $37 million payout for the Kinuthia family that founded the chain.
Kenyan billionaire Narendra Raval’s $539 million Kitui cement plant to create 4,000 jobs
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
Narendra Raval's West Pokot plant and Edha Nahdi's Kwale project commit roughly Sh77 billion ($600m) to clinker, the input East Africa has always imported. Now Sarbjit Singh Rai has filed for a third plant in Nyeri.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
Esther Koimett, daughter of the late Kenyan billionaire and cabinet minister Nicholas Biwott, has emerged as Middle East Bank Kenya's largest individual shareholder with a 17.48% stake.
South African billionaire Ivan Saltzman's Dis-Chem faces Constitutional Court fight over cancer drug
A patent battle over a prostate cancer drug sold through Ivan Saltzman's Dis-Chem pharmacy chain is heading to South Africa's Constitutional Court this month.
South African mining tycoon Daphne Mashile-Nkosi opens multimillion-rand community centre in Soweto
Manganese mining tycoon Daphne Mashile-Nkosi's family foundation has opened a multimillion-rand community centre in Soweto's Naledi, named after her late mother, Linah Mashile.
Namibian tycoon Sven Thieme's Model returns to Walvis Bay with $2 million investment
Ohlthaver & List, the Namibian group led by Sven Thieme, has invested N$33 million in a Model Food supermarket at Walvis Bay's Seagulls Mall.
South African billionaires GT Ferreira, Laurie Dippenaar's Airbnb rival hacked weeks after buyout
LekkeSlaap, the South African booking platform backed by FirstRand co-founders GT Ferreira and Laurie Dippenaar, says hackers accessed some guests' names, emails and phone numbers.
South African billionaire Michiel le Roux's Capitec stake climbs to $3.9 billion
Capitec co-founder Michiel le Roux's stake in South Africa's most valuable bank is worth about R64.5 billion after a 6.08% jump on Thursday.
Why South African billionaire Rob Hersov wants the ANC out of power
Rob Hersov wants entrepreneurs to run South Africa's economy, the state to sell its assets and opposition parties to unite against the ANC.
South African billionaire Christo Wiese's Shoprite names new director amid CEO pay fight
Shoprite, the grocer in which billionaire Christo Wiese controls the biggest block of votes, has named former Deloitte partner Tasneem Abdool-Samad to its board.
South African tycoon Stephen Saad's Aspen receives $220 million for menopause drug sale
Aspen Pharmacare, led by South African tycoon Stephen Saad, has received €197 million from Ennogen and completed the sale of Ovestin in Europe.
Billionaire Mohammed Al-Amoudi to build stadium for Ethiopia's most successful football club
MIDROC, owned by Saudi-Ethiopian billionaire Mohammed Al-Amoudi, will fund a new stadium for Saint George, as sponsors pledge more than $3.1 million a season.
Ethiopian billionaire Mohammed Al-Amoudi's Nyala Insurance tops $6 million in profit
Nyala Insurance, the Ethiopian insurer co-founded by billionaire Mohammed Al-Amoudi, says annual profit passed 1 billion birr as paid-up capital topped 2 billion birr.
Somali tycoon Abdirashid Duale's Dahabshiil to sell Chinese carmaker Chery's cars in Somalia
Dahabshiil Motors, the car arm of Abdirashid Duale's Dahabshiil Group, has signed a deal to become an authorized dealer for China's Chery in Somalia.
Billionaire Mohammed Al-Amoudi accused of funding al-Qaeda in secret Pentagon report
A classified 2002 Pentagon report names billionaire Mohammed Al-Amoudi in an alleged money trail to Osama bin Laden, Swedish broadcaster SVT reports. He denies it.
Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
Mohammed Al-Amoudi bought Morocco's only refinery for 4 billion dirhams in 1997. It shut in 2015 owing over $4 billion and has never reopened.
Billionaire Mohammed Al-Amoudi orders his conglomerate to hire 40,000 more Ethiopians
Mohammed Al-Amoudi has instructed MIDROC's chief executive to lift the workforce from about 80,000 to between 100,000 and 120,000 employees.
Tewodros Ashenafi is the man foreign companies use to get into Ethiopia
Tewodros Ashenafi was the local partner on Ethiopia's largest privatisation, a $1.4 billion tobacco deal, and co-owns Ambo with Coca-Cola.
Ethiopian billionaire Mohammed Al-Amoudi is rebuilding his gold business in a new region
MIDROC has ordered Austrian machinery for a plant treating 1.25 million tonnes of ore a year, eight years after Ethiopia suspended its main mine.
Latest Posts
South African billionaire Ivan Saltzman's Dis-Chem faces Constitutional Court fight over cancer drug
A patent battle over a prostate cancer drug sold through Ivan Saltzman's Dis-Chem pharmacy chain is heading to South Africa's Constitutional Court this month.
South African mining tycoon Daphne Mashile-Nkosi opens multimillion-rand community centre in Soweto
Manganese mining tycoon Daphne Mashile-Nkosi's family foundation has opened a multimillion-rand community centre in Soweto's Naledi, named after her late mother, Linah Mashile.
Former Nigerian militant Government 'Tompolo' Ekpemupolo is Fidelity Bank's top shareholder, report says
Pipeline security chief Tompolo has kept buying Fidelity Bank shares and now tops its register, a column said, as the bank seeks a new CEO.
Late Nigerian billionaire Bode Akindele’s will tested in court as son claims exclusion
The lawyer who prepared the late Bode Akindele's 2017 will faced cross-examination in Lagos as the businessman's first son pressed his challenge to the document.
Namibian tycoon Sven Thieme's Model returns to Walvis Bay with $2 million investment
Ohlthaver & List, the Namibian group led by Sven Thieme, has invested N$33 million in a Model Food supermarket at Walvis Bay's Seagulls Mall.
Azerbaijani billionaire heir Emin Agalarov pledges $99 million investment in Eswatini
Emin Agalarov, the singer and property developer whose father founded Moscow's Crocus Group, has pledged E1.65 billion of investment in Eswatini, King Mswati III says.
Ugandan beverage tycoon Amos Nzeyi faces state pension fund bid to reclaim 55 acres
Uganda's state pension fund has dropped a proposed settlement with tycoon Amos Nzeyi and wants back 55 acres it bought in 2008.
Ivorian tycoon Jean-Louis Billon's SIFCA and EDF open $256 million power plant
A 46-megawatt power plant co-owned by the Billon family's SIFCA group, EDF and Meridiam has opened in Ivory Coast, running on palm oil waste.
Kenya's Kenyatta family now owns $109 million stake in South Africa's Nedbank
The Kenyatta family now owns about 1.2% of Nedbank after swapping NCBA shares, a stake worth about $109 million on the Johannesburg exchange.
Nigerian billionaire Aliko Dangote's refinery stake to drop to 84% after record IPO
Aliko Dangote will own about 84.4% of his oil refinery once shares from its record IPO are issued, down from 87.3%, a $40 billion stake.
South African billionaires GT Ferreira, Laurie Dippenaar's Airbnb rival hacked weeks after buyout
LekkeSlaap, the South African booking platform backed by FirstRand co-founders GT Ferreira and Laurie Dippenaar, says hackers accessed some guests' names, emails and phone numbers.
American billionaire Sam Altman’s OpenAI raises $11 billion at $1.25 trillion valuation as AI stocks tumble
Sam Altman’s OpenAI raised $11 billion at a $1.25 trillion valuation, falling short of its original $1.4 trillion goal as AI stocks tumbled.
American billionaire Elon Musk regains $45.2 billion as he ends Cybertruck production to build more robotaxis
Elon Musk regained $45.2 billion on Friday as Tesla and SpaceX rebounded, after confirming Tesla will end Cybertruck production in mid-2027 for the Cybercab.
Nigerian billionaire Aliko Dangote says he paid 40% interest on cement plant loans
Aliko Dangote said Nigerian banks charged up to 40% interest to fund his Obajana cement plant, whose cost climbed from $180 million to $1 billion.
American billionaire Dario Amodei’s Anthropic IPO valuation could fall to $1.1 trillion after AI stock rout
Dario Amodei’s Anthropic may list at as little as $1.1 trillion after an AI selloff, far below the $2 trillion some investors floated in October.
Cameroonian banking tycoon Paul Fokam's Afriland doubles capital to $188 million
Afriland First Bank, Cameroon's biggest lender by assets, raised its share capital to 110 billion CFA francs by converting 60 billion francs of reserves.
