U.S.-Nigerian telecom executive Sam Darwish’s stake in IHS gains nearly $6 million
The recent rally has driven Sam Darwish’s stake to nearly $50 million.

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Ugandan tycoon Charles Mbire-led MTN Uganda posts $483 million half-year revenue
MTN Uganda’s half-year revenue rose 13.1% to $483.3 million, powered by data and fintech gains, despite a tax settlement denting net profit.

Gemfields, linked to South African billionaire Desmond Sacco, sells Fabergé for $50 million
Gemfields is selling luxury jeweler Fabergé to SMG Capital for $50 million, refocusing on core mining operations in Mozambique and Zambia.

Aliko Dangote’s $20 billion refinery deploys 4,000 CNG trucks in Nigeria
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.

French billionaire’s firm Canal+ hit as Ghana orders MultiChoice shutdown over rates
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.