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Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
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Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
South African billionaire Patrice Motsepe sees $195 million lawsuit struck out in Tanzania
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
Africa's richest man taps Botswana to sell $500 million of refinery shares
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
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Wealth Intelligence: The $16 Billion Question — Why Forbes and Bloomberg Disagree on Aliko Dangote, and How His Refinery IPO Will Settle It
Forbes says $51.7 billion, Bloomberg $35.7 billion. Most of the gap is one asset that has never had a market price: the refinery. Its IPO implies a valuation of about $48 billion, and subscriptions close Tuesday. What Dangote owns, how it is valued, and what listing will settle.
Moroccan billionaire heir Moulay Mhamed Elalamy takes his family's Saham Group into Spain
Moulay Mhamed Elalamy, the 36-year-old chief executive of Morocco's Saham Group, has opened a Madrid investment holding as the family expands beyond Marbella.
Egyptian billionaire Naguib Sawiris-backed graphite firm presses $100 million claim against Guinea
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Moroccan billionaire Aziz Akhannouch's party left out of Morocco's new government
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Egyptian billionaire Ahmed Elsewedy's company wins $2.2 billion Saudi power plant deal
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Egyptian billionaire Naguib Sawiris apologizes to Saudis over Riyadh airport attack
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Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
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Egyptian billionaire Ahmed Elsewedy plans to build electric cars in Algeria
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Egyptian billionaire Nassef Sawiris wins Dutch court fight with OCI shareholders
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Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
Africa's richest man taps Botswana to sell $500 million of refinery shares
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
Nigerian billionaire Michael Ade-Ojo's university wins approval to train doctors
Elizade University, founded by Nigerian auto tycoon Michael Ade Ojo, says it can now train doctors, as its nursing graduates post a perfect pass rate.
Nigerian billionaire Aliko Dangote's refinery IPO opens to wealthy Ethiopian investors only
Ethiopia has opened Aliko Dangote's $1.6 billion refinery share sale to as many as 100 qualified investors, but retail buyers are barred.
Nigerian billionaire Aliko Dangote’s refinery posts $5.5 billion EBITDA in nine months
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Nigerian businesswoman Aisha Achimugu loses $7.5 million suit against anti-graft agency
A Federal High Court in Abuja has dismissed oil tycoon Aisha Achimugu's 10 billion naira rights suit over an EFCC search of her home.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
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Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
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Billionaires Narendra Raval, Edha Nahdi bet $600 million on clinker as Sarbjit Rai enters cement business
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President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
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Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears
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Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
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Esther Koimett becomes Middle East Bank Kenya's largest shareholder after inheriting Nicholas Biwott's stake
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Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
High Court clears the way to distribute Simeon Nyachae's estate
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South African billionaire Patrice Motsepe sees $195 million lawsuit struck out in Tanzania
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
South African billionaire heir Richard Enthoven buys $12 million Sydney beach house
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South African billionaire Rob Hersov's bitcoin investment rocked as four directors quit
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South African billionaire Patrice Motsepe faces pressure to quit as Africa's football boss
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South African billionaire Patrice Motsepe's mining company sued by its partner
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South African billionaire Michiel le Roux's bank Capitec sheds its rental finance arm
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South African tycoon Mzi Khumalo risks losing his Zimbabwe gold mines
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Zimbabwean billionaire Kudakwashe Tagwirei is sworn in as a cabinet minister
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Billionaire Mohammed Al-Amoudi accused of funding al-Qaeda in secret Pentagon report
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Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
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Ethiopian billionaire Mohammed Al-Amoudi is rebuilding his gold business in a new region
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Morocco rejects plan to nationalise Ethiopian billionaire Mohammed Al-Amoudi's collapsed SAMIR refinery
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Saudi-Ethiopian billionaire Mohammed Al Amoudi's MIDROC secures $80 million for Sheraton Addis upgrade
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Qatar's billionaire Al-Khayyat family is bidding to build Africa's largest airport in Ethiopia
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Latest Posts
Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
South African billionaire Patrice Motsepe sees $195 million lawsuit struck out in Tanzania
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
Nigerian billionaire Aliko Dangote clears legal hurdle in $16 billion Kenya refinery project
A Kenyan court lifted an order that halted Aliko Dangote's $16 billion Lamu refinery after residents opposing the project cited the wrong land parcel.
Africa's richest man taps Botswana to sell $500 million of refinery shares
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
Moroccan billionaire heir Moulay Mhamed Elalamy takes his family's Saham Group into Spain
Moulay Mhamed Elalamy, the 36-year-old chief executive of Morocco's Saham Group, has opened a Madrid investment holding as the family expands beyond Marbella.
South African billionaire heir Richard Enthoven buys $12 million Sydney beach house
Hollard Australia founder Richard Enthoven has been revealed as the buyer of a A$17.4 million ocean-view home at Ben Buckler in Sydney's North Bondi.
Egyptian billionaire Naguib Sawiris-backed graphite firm presses $100 million claim against Guinea
Falcon Energy Materials, backed by Naguib Sawiris's La Mancha and Idrissa Nassa's Coris group, is pressing Guinea for $100 million over a revoked graphite licence.
South African billionaire Rob Hersov's bitcoin investment rocked as four directors quit
Four of six directors at Rob Hersov-backed Africa Bitcoin Corporation have quit after a clash with shareholders tied to its debarred former CEO.
Mark Zuckerberg says Meta was ready to spend up to $200 billion on AI
Mark Zuckerberg says Meta was ready to write a check of up to $200 billion for AI before its new models were proven.
Indian billionaire Gautam Adani plans AI hardware venture with US firm Jabil
Adani Enterprises and Jabil plan a 50:50 venture to build AI servers and racks in India as the company also lines up a bond sale.
Czech arms billionaire Michal Strnad buys $434 million stake in Canada's MDA Space
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South African-born billionaire Elon Musk accused by France of harassing European leaders
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Indian billionaire Sunil Mittal, Airtel Africa's controlling shareholder, wins France's top honour
Bharti Enterprises founder Sunil Bharti Mittal, whose group controls Airtel Africa, has been named a Chevalier of France's Legion of Honour by Emmanuel Macron.
Nepalese billionaire Binod Chaudhary elected vice president of Nepali Congress party
Nepal's only billionaire, CG Corp Global chairman Binod Chaudhary, won a Nepali Congress vice presidency by 87 votes at the party's 15th general convention.
Russian billionaire Mikhail Fridman's $16 billion claim still hangs over Luxembourg
Mikhail Fridman says he is assessing his legal strategy, leaving Luxembourg unsure whether helping lift his EU sanctions will end the case.
South Korean billionaire Jay Y. Lee gets $1.9 billion Samsung shares gift from mother
Hong Ra-hee will give her son 11.16 million Samsung shares, lifting his stake to 1.75% and leaving him a gift tax bill above $1 billion.
