American billionaire Elon Musk, TSMC at odds over Texas chip plant control
TSMC confirmed talks to join Elon Musk's Terafab chip project in Texas but insists it must run any plant, a role Musk has ruled out.
South African billionaire Jannie Mouton's PSG grows client assets to $35.7 billion
PSG Financial Services, part of the empire built by billionaire Jannie Mouton, grew assets under management 15% to R594.1 billion as earnings rose 5%.
Nigerian billionaire Aliko Dangote's cement giant lines up $1 billion London listing
Africa's richest man is preparing to sell about 10% of Africa's largest cement maker to global investors through a London listing as soon as November.
U.S. billionaire Jay-Z in betting race with Miley Cyrus for Super Bowl halftime
Prediction market traders have made Jay-Z a front-runner to headline the Super Bowl halftime show he helps produce, though Miley Cyrus is now pulling ahead.
South African-born billionaire Patrick Soon-Shiong backs $50 million biotech round
Patrick Soon-Shiong's Nant Capital co-led a $50 million round in Prolific Machines, a startup using light to make biologic drugs, and he joins its board.
South African billionaire Patrice Motsepe sees $195 million lawsuit struck out in Tanzania
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
Africa's richest man taps Botswana to sell $500 million of refinery shares
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
Nigerian businesswoman Aisha Achimugu loses $7.5 million suit against anti-graft agency
A Federal High Court in Abuja has dismissed oil tycoon Aisha Achimugu's 10 billion naira rights suit over an EFCC search of her home.
Chinese billionaire Zhou Yahui's OPay wins up to $200 million Standard Bank backing
Standard Bank will invest up to $200 million in OPay, the Nigerian fintech backed by Chinese tycoon Zhou Yahui, alongside its New York IPO.
Indonesian billionaire Low Tuck Kwong loses $5.8 billion after selling Bayan stake
Low Tuck Kwong's fortune fell by a third after he sold 30.25% of Bayan Resources to Haji Isam at a fifth of the market price.
Nigerian billionaire Arthur Eze named in $2 billion fight over oil pipelines
A former rebel leader says Nigeria's elite share $2 billion a year to guard pipelines, and named oil billionaire Arthur Eze. He offered no proof.
Africa's richest man's refinery can't get enough Nigerian crude, minister admits
Nigeria's finance minister says the country does not have enough crude to supply Aliko Dangote's giant Lagos refinery, forcing the billionaire to import oil.
Malagasy tycoon Mamy Ravatomanga's wife says his jailing in Mauritius is "political elimination"
The wife of jailed Malagasy tycoon Mamy Ravatomanga says his prosecution is a political hit, days before a Mauritius court rules on his bail request.
How Zimbabwean mogul Kevin James built Country Bird into one of Africa's biggest chicken producers
Zimbabwean poultry tycoon Kevin James bought a struggling chicken firm in 2003 and built Country Bird into a producer across seven African countries.
Indian billionaire Karsanbhai Patel takes 12.4% stake in US miner after selling bankrupt California business
Indian detergent billionaire Karsanbhai Patel now owns 12.4% of a Nasdaq-listed US miner after it bought his group’s bankrupt California minerals business.
Ghanaian billionaire Ibrahim Mahama’s $100 million Dzata Cement targets 3 million tonnes
Ibrahim Mahama said Ghanaians “can’t always be beggars” as his Dzata Cement, Ghana’s only wholly Ghanaian-owned cement maker, marked five years in Tema.