Ruto and Macron break a 53-year tradition as Nairobi hosts the Africa-France Summit
Heirs Holdings chairman Tony Elumelu leads the new business coalition as Emmanuel Macron and William Ruto co-host the first non-Francophone Africa-France summit.
Billionaire Femi Otedola executes a surgical turnaround as First HoldCo profit rockets 72% in Q1 2026 to $233 million, overtaking GTCO, UBA and Access Holdings
Femi Otedola's FirstHoldCo rises from the ashes with a 72% profit jump in Q1 2026, overtaking GTCO and Access Holdings to become Nigeria's 2nd most profitable bank
Ghanaian Liquor tycoon Kwabena Adjei moves to list Kasapreko PLC on the Ghana Stock Exchange with $62 million IPO
Kasapreko PLC, the Ghanaian company behind Alomo Bitters, has launched a GH¢700 million IPO on the Ghana Stock Exchange to fund a new factory, coming off a 55% profit jump in Q1 2026.
Karl Toriola steers MTN Nigeria to a ₦1.5 trillion Q1 record
MTN Nigeria's Q1 profit jumped 166% to ₦355.5 billion as service revenue hit a record ₦1.5 trillion, lifting its share price to ₦870.
Segun Agbaje's GTCO posts ₦302.9bn Q1 profit on income shift
GTCO's Q1 pretax profit edged up 0.9% to ₦302.9 billion as group chief executive Segun Agbaje pivots earnings toward payments, wealth and ecosystem businesses.
Billionaire property developer Hisham Talaat Moustafa warns Egypt's new real estate fees could push project costs up by 15 percent
New Egyptian real estate fees could push project costs up by 15 percent, developers including Talaat Moustafa warn, adding to already elevated costs.
Nigerian billionaire Dahiru Mangal's son wins APC ticket in Katsina, unseating a two-term sitting rep
Abba Mangal, son of billionaire Dahiru Mangal, has emerged as the APC candidate for Katsina Central, ending a two-term incumbent's return bid.
Rihanna takes Fenty Beauty into India through Ambani family's Reliance Retail
Rihanna has formally launched Fenty Beauty in India through Reliance Retail, staging a cultural pop-up in Mumbai and meeting the Ambani family.
Aliko Dangote's fortune hits $34 billion as refinery bets pay off
Aliko Dangote's fortune climbed to $34 billion this week, lifted by his industrial empire and bold new refinery ambitions across the African continent.
South African banking giant Absa Group's Kenny Fihla earns $7.6 million in first year as CEO
Absa Group CEO Kenny Fihla received R128 million ($7.6 million) in total remuneration in 2025, with buyout awards replacing forfeited Standard Bank incentives making up the bulk of the package.
Furniture tycoon Ibukun Awosika steps down from Cadbury Nigeria board after 15-year run
Ibukun Awosika has resigned from the Cadbury Nigeria board after 15 years, closing a defining era at one of Nigeria's top consumer goods firms.
Aliko Dangote's refinery expansion to create 95,000 skilled jobs
Aliko Dangote will employ 95,000 skilled workers as his Lagos refinery scales to 1.4 million barrels per day, becoming the world's largest.
Gerrie Fourie banks R155 million farewell after a decade leading Capitec
Former Capitec chief executive Gerrie Fourie banked a R155 million farewell package after a decade leading South Africa's largest bank by client base.
Moroccan tycoon Yariv Elbaz's Forafric is selling its flour business to billionaire Chakib Alj while announcing it wants to pivot to drones and AI
Nasdaq-listed Forafric is selling control of its Moroccan flour business to billionaire Chakib Alj while announcing a drone and AI pivot, one year after a formal going concern warning.
10 Black celebrities who built their own liquor empires
From Jay-Z's champagne empire to Beyoncé's whisky debut, these 10 Black celebrities have turned alcohol ventures into serious, bankable businesses.
South African billionaire Christo Wiese’s stake in Blue Ribbon owner diluted after R6bn RFG deal
South African billionaire Christo Wiese has seen his stake in Premier Group, owner of Blue Ribbon bread, reduced after the company’s nearly R6 billion acquisition of RFG Holdings.