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South African retailer offloads stake amid challenging market conditions.
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Famous Brands, built by South Africa's wealthy Halamandaris family, stumbles in Botswana
Famous Brands, the Steers and Wimpy owner co-founded by the Halamandaris family, expects interim earnings to drop as much as 33% after a Botswana writedown.
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South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
How Nigerian billionaire Tunde Folawiyo's firm got into Paystack and Flutterwave early
Nigerian billionaire Tunde Folawiyo chairs Pave Investments, which backed Paystack and Flutterwave when they were worth a few million dollars and exited both.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.