Africa’s richest man Aliko Dangote says he lacks ‘excess liquidity’ to acquire Arsenal
Dangote, a lifelong Arsenal fan and founder of the diversified Dangote Group, made the disclosure during an interview with Bloomberg’s Francine Lacqua.
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Egyptian billionaire Yasseen Mansour’s Palm Hills approves $212.3-million loan for Badya project
Badya, Palm Hills Developments' flagship smart city, leads the way in innovative property development in the MENA region.
Beyoncé poised for multimillion-dollar deal with Levi Strauss
Levi Strauss teased a potential collaboration with Beyoncé in a cryptic Instagram post.
Three businesses owned by Nigerian billionaire oil mogul Gabriel Ogbechie
Ogbechie, founder of Rainoil Limited, has built a successful business empire in Nigeria's oil and gas sector. Discover his key ventures and contributions to the industry.
Nigerian heiress Cuppy Otedola makes history at UN General Assembly
DJ Cuppy made history as the first British Nigerian to host an opening session at the UN General Assembly (UNGA).
Black shareholders oppose Vodacom’s $2.3-billion payout to ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate, inventor of the “Please Call Me” service, faces a new setback in his legal battle against Vodacom Group.
African-American billionaire Alex Karp's Palantir secures $99.8-million contract expansion with U.S. Army
Enhanced expansion to accelerate the adoption of AI-driven technologies in the U.S. defense and intelligence operations.
Kenyan exec Peter Ndegwa's Safaricom partners with Mastercard to accelerate cross-border remittance
The collaboration is set to accelerate the growth of digital payments, reinforcing Safaricom’s leadership in financial innovation across the region.
Moroccan pharma tycoon Lamia Tazi faces $3.35 million loss as Sothema shares dip
Lamia Tazi’s stake in Sothema dips below $65 million as shares slide
Moroccan real estate mogul Alami Lazraq’s ADI stake nears $400 million
Real estate mogul Alami Lazraq’s wealth climbs amid soaring ADI shares.
Egyptian billionaire Yasseen Mansour invests $10.4 million in Egypt’s education sector
Egyptian billionaire Yasseen Mansour increases stake in Taaleem Management Services with $10.4 million share purchase.
MTN, led by Zimbabwean exec Ralph Mupita, seeks boost in intra-African trade
The telecom giant is championing initiatives that promote intra-African trade and connectivity, seeking to drive economic growth across the continent.
Access Holdings, led by Nigerian banker Aigboje Aig-Imoukhuede, posts $174.5 million in profit in H1 2024
Access Holdings’ profit surges to $174.5 million in H1 2024, riding on strong asset growth and income gains.
South African tycoon Adrian Gore’s Discovery posts $411.6 million in earnings in FY 2024
The group’s results for the 2024 fiscal year showcase a headline earnings figure amounting to $411.6 million.
Nigerian businessman Tony Elumelu's UBA targets $20-trillion revenue in 25 years
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.
Banking mogul Yemi Odubiyi secures $45-million capital boost for Sterling HoldCo
Banking mogul Yemi Odubiyi leads Sterling HoldCo's $45-million capital injection, demonstrating investor confidence in the company's innovative strategies and long-term value creation.