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Nigerian government awarded a $15.7 million contract to controversial businessman Nasiru Danu, a man once arrested at Heathrow with a fake passport
Nigeria's aviation minister awarded a N21.68 billion contract to a firm whose initials point directly to a businessman with a fraud-laden past.
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Ibrahim Mahama, brother of Ghana's president, takes delivery of $70 million Bombardier Global 6500 private jet
Ibrahim Mahama, brother of Ghana's president, has taken delivery of a $70 million Bombardier Global 6500 private jet branded Dzata.
Nigerian government awarded a $15.7 million contract to controversial businessman Nasiru Danu, a man once arrested at Heathrow with a fake passport
Nigeria's aviation minister awarded a N21.68 billion contract to a firm whose initials point directly to a businessman with a fraud-laden past.
Thailand hunts South African businessman Benjamin Mauerberger over $30 million fraud
Thailand issued arrest warrants for South African Benjamin Mauerberger and his wife over a $30 million investment fraud that stretches to Cambodia.
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South African tycoon Barry Swartzberg’s Discovery stake rises above $320 million
South African billionaire Barry Swartzberg’s Discovery stake rises above $320 million as shares recover on the JSE.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Tunisia sentences richest tycoon Marouan Mabrouk to 20 years in corruption case
Tunisia sentenced its richest businessman to 20 years and a former prime minister to six in sweeping corruption verdicts Tuesday.
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Oriental Weavers gets independent carbon footprint certification, cuts emissions with solar push
Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Egyptian billionaire Hisham Talaat Moustafa’s TMG posts $381 million profit after 43% surge
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
Tunisian businessman Abdelwaheb Ben Ayed’s Poulina Group moves ahead with bid for cheese maker LandOr
Poulina Group Holding has launched a bid for a majority stake in LandOr, signaling a new push to strengthen its agri food business.
Egyptian billionaire Naguib Sawiris says anger cost him €500 million in failed investment bet
Naguib Sawiris says an angry investment decision wiped out €500 million, as the Egyptian billionaire reflects on risk and discipline.
San Diego FC's billionaire owner Mohamed Mansour says club is focused on long term growth as Year 2 begins
Mohamed Mansour says San Diego FC is entering Year 2 with bigger expectations and a long term plan on and off the field.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Refinery of Africa’s richest man Aliko Dangote lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
Tycoon Patrick Bitature returns as Umeme chairman as Ugandan power distributor posts $40.7 million profit
Umeme posted a Sh148.2 billion profit in 2022 and reappointed Dr. Patrick Bitature as board chairman for a third consecutive term.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
Madagascar issues international arrest warrant for tycoon Mamy Ravatomanga over alleged lychee export fraud
Madagascar has issued an international arrest warrant for tycoon Mamy Ravatomanga, accused in a sweeping lychee export fraud and money laundering case.
Kenyan sports betting mogul Ronald Karauri enters Nairobi governor race ahead of 2027
Ronald Karauri, a businessman and Kasarani MP linked to SportPesa’s rise, has declared a 2027 bid for Nairobi governor.
20 businesses owned by Tanzanian billionaire Edha Nahdi
Inside Edha Nahdi’s 20 key businesses, from fuel and cement to logistics and smart grid technology, as Amsons expands across East Africa.
Kenyan tycoon Francis Njogu's Gulf Energy secures $15 million drilling rig
Gulf Energy chairman Francis Njogu has secured a $15 million oil rig as the company prepares to begin drilling in Turkana.
Thailand hunts South African businessman Benjamin Mauerberger over $30 million fraud
Thailand issued arrest warrants for South African Benjamin Mauerberger and his wife over a $30 million investment fraud that stretches to Cambodia.
South Africa's Supreme Court sides with SARS in foreign money case, warns taxpayers who hide offshore income
South Africa's highest court has backed SARS against a taxpayer who kept changing his story about a British Virgin Islands deposit.
Elon Musk threatens to freeze Tesla's Berlin factory expansion as union showdown reaches boiling point
Elon Musk is threatening to halt expansion of Tesla's German factory as a century-old union battles for control of the workplace
7 businesses owned by the world's richest man Elon Musk
Elon Musk's business empire spans electric cars, rockets, brain chips and social media—and it keeps growing in unexpected ways
ANC condemns PM27 campaign as website pushes Patrice Motsepe for party presidency despite his denials
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
Former Steinhoff legal chief Stephanus Grobler fined $18.9 million by FSCA
FSCA fines former Steinhoff executive Stephanus Grobler R359m over false and misleading financial statements issued between 2014 and 2017.
Patrice Motsepe emerges in leadership speculation as South Africa debates its future
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
Capitec's billionaire founder Michiel Le Roux donated millions to Democratic Alliance
Michiel Le Roux’s investment vehicle gave the DA another major boost as fresh disclosures showed the party taking most declared donations late last year.
Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Somali e-visa controversy: Ismail Ahmed points to Premier Bank involvement
Ismail Ahmed claims Premier Bank helped design Somalia’s e-visa system and benefits from visa fees through Empire Tech Solutions.
Ahmed Osman Guelleh, one of Djibouti's richest men, recalibrates for a tougher market
Ahmed Osman Guelleh built a logistics and beverage empire around Djibouti’s ports and Somaliland’s Coca-Cola plant. Now competition is testing his hold.
Somali businessman Abdiweli Hassan to invest $503 million in Kenya’s Tatu City
Somali businessman Abdiweli Hassan plans a $503 million mixed-use project at Kenya’s Tatu City, expanding his footprint from retail into urban development.
Ethiopian billionaire Mohammed Al-Amoudi signals return with new mega projects
Ethiopian-born Saudi billionaire Mohammed Al-Amoudi signals a return with new mega projects under MIDROC, pledging jobs and investment as Ethiopia eyes middle-income status.
Preem, linked to Ethiopian billionaire Mohammed Al-Amoudi, posts $2.7 billion in Q2 sales
Preem reports Q2 revenue below $3 billion and swings to a $93.6 million loss as refinery downtime and weaker margins weigh.
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Ibrahim Mahama, brother of Ghana's president, takes delivery of $70 million Bombardier Global 6500 private jet
Ibrahim Mahama, brother of Ghana's president, has taken delivery of a $70 million Bombardier Global 6500 private jet branded Dzata.
Nigerian government awarded a $15.7 million contract to controversial businessman Nasiru Danu, a man once arrested at Heathrow with a fake passport
Nigeria's aviation minister awarded a N21.68 billion contract to a firm whose initials point directly to a businessman with a fraud-laden past.
Thailand hunts South African businessman Benjamin Mauerberger over $30 million fraud
Thailand issued arrest warrants for South African Benjamin Mauerberger and his wife over a $30 million investment fraud that stretches to Cambodia.
Tunisia sentences richest tycoon Marouan Mabrouk to 20 years in corruption case
Tunisia sentenced its richest businessman to 20 years and a former prime minister to six in sweeping corruption verdicts Tuesday.
South Africa's Supreme Court sides with SARS in foreign money case, warns taxpayers who hide offshore income
South Africa's highest court has backed SARS against a taxpayer who kept changing his story about a British Virgin Islands deposit.
Michael Jordan, Kobe Bryant's $20 million Logoman card makes its red carpet debut at the Actor Awards
Kevin O'Leary showed up to the 2026 Actor Awards wearing $20 million worth of Michael Jordan and Kobe Bryant history around his neck.
United Capital, led by Peter Ashade, grows revenue 35% to $43.1 million
Under Peter Ashade, United Capital grew revenue 35% to $43.1 million in 2025. Net trading income surged 176%, and shareholders received $13.2 million in dividends.
Nedbank, led by Jason Quinn, hits 8 million clients for the first time in its 138-year history
South Africa's fourth-largest bank crossed the 8-million client mark for the first time in its 138-year history, posting R17.2 billion in earnings.
Aliko Dangote's refinery picks three banks for what could be Africa's biggest-ever stock market listing
Dangote Group appoints Stanbic IBTC, Vetiva and First Capital to lead a refinery listing that could be the largest equity offering in African market history
Elon Musk threatens to freeze Tesla's Berlin factory expansion as union showdown reaches boiling point
Elon Musk is threatening to halt expansion of Tesla's German factory as a century-old union battles for control of the workplace
7 businesses owned by the world's richest man Elon Musk
Elon Musk's business empire spans electric cars, rockets, brain chips and social media—and it keeps growing in unexpected ways
AMNI chief Tunde Afolabi Targets 12,000 bpd at Okoro in Nigeria offshore push
AMNI International has mobilised a drilling rig to Nigeria's Okoro field, targeting output above 12,000 barrels per day in a three-well offshore campaign.
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Richemont, LVMH and luxury giants take hit as U.S.-Israel strikes on Iran rattle markets and shut Gulf stores
Luxury stocks from Richemont to LVMH tumbled Monday after U.S.-Israel strikes on Iran shut stores and triggered a sell-off across global markets.
ANC condemns PM27 campaign as website pushes Patrice Motsepe for party presidency despite his denials
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
