Kenyan tycoon Vimal Shah’s Bidco Africa buys Ribena, Lucozade maker in Kenya
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Adebayo Ogunlesi joins Africa’s billionaire ranks, propelled by a $12.5-billion BlackRock deal.
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Africa's first Black billionaire, Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Patrice Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
Nigerian billionaire Femi Otedola lauds Aliko Dangote’s refinery as fuel distribution begins
The Dangote Oil Refinery, which started loading petrol into trucks on Sunday, Sept. 15, is seen as a breakthrough in Nigeria’s decades-long struggle with fuel imports and shortages.
Zimbabwean billionaire Strive Masiyiwa boosts capacity for cross-border services in East Africa
This underscores Liquid’s commitment to enhancing East Africa's digital infrastructure as competition in the region intensifies.
Sibanye, led by South African tycoon Neal Froneman, reports $379 million loss for first half of 2024
The results mark a stark contrast to the same period in 2023, when Sibanye posted a profit of R7.8 billion ($427 million).