6 Nigerian billionaires have companies joining the FTSE frontier index this month
Ten Nigerian stocks join FTSE Russell's frontier index on Sept. 21, including companies part-owned by Aliko Dangote, Femi Otedola and Victor Odili.
South African billionaire Adrian Gore's Discovery Bank makes its first profit
Discovery Bank made R370 million against a R68 million loss, and 70% of new customers now come from outside the wider Discovery group.
South African billionaire Patrice Motsepe's ARM faces a fresh appeal in $195 million case
A Tanzanian judge struck out Pula's $195 million claim against Patrice Motsepe on Aug. 7 without ruling on the merits. Pula has now appealed.
South African billionaire Stephen Saad is selling weight-loss drugs faster than anything he has seen
Aspen's normalised headline earnings rose 28% in constant currency on flat revenue, as Mounjaro took 53% of South Africa's weight-loss market.
South Africa's Brimstone Investment Corporation lifted dividends 76% despite US aid cuts
Brimstone's cash dividends rose 76.5% to R161.4 million and net asset value 11.7%, even as US health funding cuts hit its Obsidian business.
Why Africans with $1 billion in shares are missing from the Bloomberg and Forbes rich lists
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.
Saudi billionaire Prince Alwaleed acquires 70% of Al Hilal football club
Kingdom Holding has completed its SR840 million purchase of 70% of Al Hilal from Saudi Arabia's PIF, valuing the club at about $320 million.
Nigerian billionaire Femi Otedola's First HoldCo stake now worth $1.4 billion at record high
First HoldCo hit an all-time high of N159.90 on Tuesday, lifting Femi Otedola's holding to about N1.97 trillion, roughly $1.42 billion.
Nigeria's oil refining just grew 43.94% and Aliko Dangote is the only reason
Nigeria's oil refining grew 43.94% in the second quarter, its strongest on record, as Dangote took 52.6 million barrels of crude.
Nigerian oil tycoon Uju Ifejika says she put $400 million into a field Chevron let go
Catherine Uju Ifejika says Brittania-U spent $400 million on the Ajapa field it bought from Chevron, as Nigeria targets 2.5 million barrels a day.
Nigerian billionaire Kunle Soname is being pushed to run the NFF, and he keeps saying no
The National Sports Commission favours Kunle Soname for the NFF presidency after the entire executive resigned. He has said he is not interested.
Nigerian billionaire Femi Otedola's 'Making It Big' turns one, 8 lessons from the bestseller
Making It Big turned one on Aug. 18. It won Axiom gold in the US, placed second in London, and Otedola is writing the sequel.
Trump's billionaire ambassador to Italy is running his diplomacy from a $450 million yacht
Tilman Fertitta is touring Italy's coast on a 384-foot yacht he paid for himself. Venice police pushed back 300 protesters when it arrived.
10 businesses in Zimbabwean billionaire Simon Rudland's empire, from cigarettes to trucks
Simon Rudland's empire spans cigarettes, a $102 million tobacco plant, trucking, fuel stations, citrus juice and mining across two countries.
Ugandan retail tycoon Ponsiano Ngabirano opens Kampala's first flagship Marriott hotel
President Museveni opened Ponsiano Ngabirano's 277-unit Kampala Marriott on Aug. 27, the first Marriott Hotels property in Uganda.
Malawian billionaire banking heir William Mpinganjira pumps $1.2 million into his football club
William Mpinganjira has spent $1.2 million on Ekhaya FC in three years. On Aug. 30 it plays Mighty Wanderers, owned by his father Thom.