Cameroonian cocoa magnate Kate Fotso doubles her market share as exports collapse 35%
Telcar Cocoa shipped 40,631 tonnes to take 32.4% of Cameroon's cocoa exports, up from 15.7%, in a season when national exports fell 34.65%.
Ugandan billionaire Sudhir Ruparelia collects a $603,000 dividend from Bank of Baroda Uganda
Sudhir Ruparelia received a Shs2.25 billion dividend from Bank of Baroda Uganda. His stakes in two listed lenders are worth about $15.3 million.
Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egyptian billionaire Yasseen Mansour's Palm Hills lifts revenue 25% as profit falls 7%
Palm Hills, chaired by Egyptian billionaire Yasseen Mansour, lifted half-year revenue 25.4% while net income fell 7% on thinner margins.
South African tycoon Daphne Mashile-Nkosi built a $1.3 billion manganese complex from nothing
Daphne Mashile-Nkosi started with no collateral and built a $1.3 billion manganese complex housing the world's largest sinter plant.
South African billionaire Christo Wiese says Ramaphosa should test every decision against jobs
Christo Wiese said President Cyril Ramaphosa should assess every decision by whether it creates jobs or destroys them.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Inside the multimillion-dollar Priam Group, the Nigerian conglomerate Atiku Abubakar owns
Atiku Abubakar folded a lifetime of companies into Priam Group in 2019, spanning manufacturing, media, banking, education and food processing.
Nigerian tycoon Wale Tinubu is drilling 62 wells to more than double Oando's output
Oando's Wale Tinubu has identified 62 development wells to lift output to 100,000 barrels of oil equivalent a day from 42,789.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric lifts sales 37% as margins narrow
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
Rwanda shuts the alcohol line of Sina Gerard, the tycoon behind Akabanga chilli oil
Rwanda has shut the alcohol section of Sina Gerard's Urwibutso and arrested its production manager. The juice and food lines remain open.
Nigerian politician Abdulaziz Yari's Geregu Power defaults on bond after $750 million takeover
Geregu Power has defaulted on its ₦40.09 billion bond, eight months after Abdulaziz Yari's MA'AM Energy took control in a $750 million deal.
Nigerian gas tycoon Julius Rone targets September go-ahead for $3 billion floating LNG plant
Julius Rone is targeting a September investment decision on Nigeria's first floating LNG plant, with one agreement still to be signed.
Kenyan banking multimillionaire Gideon Muriuki wins order blocking his arrest days before plea
A Kenyan judge barred police and prosecutors from arresting Gideon Muriuki, days before the Co-operative Bank chief was due to take plea.
Nigerian billionaire Femi Otedola's First HoldCo stake crosses $1.2 billion at record N140
Otedola's 11.96 billion First HoldCo shares are worth about $1.2 billion after the stock hit a record N140 on Thursday.
Billionaire Nicky Oppenheimer sold 40% of De Beers for $5.1 billion. All of it now fetches $1 billion
Nicky Oppenheimer sold the family's 40% stake in De Beers for $5.1 billion in 2011. Anglo is now selling 85% of it for about $1 billion.