Jamaican billionaire Michael Lee-Chin boosts luxury real estate development with financing support
Jamaican-Canadian billionaire Michael Lee-Chin steps in to fund Reading Heights, a luxury residential project poised to meet Jamaica’s premium housing demand.
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Centum, backed by Kenya’s Kirubi family, posts $2.5 million half-year loss
Centum reported a $2.52 million loss for the half-year ended Sept. 30, 2025, as weaker sales and uneven economic conditions weighed on performance.
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials, expanding its professional services network.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
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Africa's richest man to fund $1 million scholarhips for Bayero University Postgraduate students
Aliko Dangote has committed N1.5 billion to support postgraduate business students at Bayero University Kano through a five year scholarship scheme.
Sterling HoldCo begins share allotment after oversubscribed $78.6 million offer
Sterling HoldCo starts allotting shares after raising $78.6 million in a public offer that was oversubscribed by investors.
Share price of FCMB surges near 52-week high after $13.9 million cross deals
FCMB shares rise toward a 52-week high after $13.9 million in cross deals drive heavy trading on the Exchange.
South African billionaire Mark Shuttleworth to pay $958 to Principe Island residents to protect biodiversity
South African tech billionaire Mark Shuttleworth is launching a cash stipend for thousands on Principe Island to reward environmental protection efforts.