Fintech founder Mounir Nakhla's MNT-Halan opens Egypt's biggest IPO in years
MNT-Halan's Egyptian arm opened its 7.84 billion pound IPO at EGP 24.5 a share, Egypt's largest offering since 2021, with trading expected on Oct. 20.
Indian billionaire Sunil Mittal's Airtel Money eyes acquisitions after London IPO
Airtel Money could tap London's markets to buy African fintechs after its £5.3 billion listing on Oct. 14, chief executive Ian Ferrao said.
South African tycoon Neal Froneman faces exit from business forum over sanctions call
South Africa's Presidency called Neal Froneman unpatriotic and expects him to leave a business-government partnership after he urged US sanctions on officials.
Ghanaian fuel tycoon William Tewiah's ZEN stake gains $54 million in months
William Tewiah's ZEN Petroleum stake has gained $54 million since May to $392 million, but thin trading means the gain exists largely on paper.
Ghanaian stock market investor Daniel Ofori's bank stakes hit $82 million
Daniel Ofori's stakes in three Ghanaian banks are worth $81.8 million, led by a 6.56% holding in GCB Bank, whose shares have doubled this year.
Nigerian billionaire Ladi Jadesimi's LADOL to develop oil base in Liberia
Ladi Jadesimi's LADOL will help Liberia's state oil company study, build and run a shore base in Buchanan to serve offshore drilling.
Byron Allen's BuzzFeed spending reaches $132 million
Byron Allen's family office has bought another 4.3 million BuzzFeed shares for $4.7 million, its fourth purchase since taking control of the company in May.
Polish billionaire Michal Solowow raises $130 million for small nuclear reactors
Polish entrepreneurs including InPost's Rafal Brzoska will invest about 500 million zloty in billionaire Michal Solowow's small nuclear reactor company.
Billionaire Jay-Z's firm nears deal to buy LVMH's half of Rihanna's Fenty Beauty
MarcyPen Capital Partners, co-founded by Jay-Z, could sign a deal within weeks to buy LVMH's 50% stake in Rihanna's Fenty Beauty,
Malawian billionaires Thom Mpinganjira and Hitesh Anadkat lose $134 million in Q3 as bank shares fall
Thom Mpinganjira and Hitesh Anadkat lost a combined $134 million in the third quarter as FDH Bank and FMB Capital shares fell.
Billionaire Tim Draper says Africa can leapfrog to Bitcoin
Venture capitalist Tim Draper says Africa could skip past fiat money to Bitcoin, speaking ahead of the Africa Blockchain Festival in Nairobi next month.
Billionaire Naguib Sawiris expects new gold finds in Egypt to reach at least 1 million ounces
Egyptian billionaire Naguib Sawiris expects his company's new gold exploration areas in Egypt to yield at least 1 million ounces of gold.
French billionaire Patrick Drahi's creditors accuse him of fraudulent deal-making
Lenders to Optimum Communications sued Patrick Drahi in New York on Sept. 28, alleging transfers that put assets beyond creditors' reach.
Nigerian billionaire Femi Otedola dines with President Tinubu in Paris and backs his reforms
Femi Otedola had a private dinner with President Bola Tinubu in Paris on Sept. 28 and publicly endorsed his economic reforms the next day.
Dutch-Nigerian billionaire Cornelis Vink buys UAC's 43% of DP World's Nigerian logistics arm
Cornelis Vink's TGI Group is buying UAC of Nigeria's entire 43% holding in DP World Logistics, in a deal disclosed to the exchange on Sept. 24.
Malagasy tycoon Mamy Ravatomanga's workers want to know if they will still be paid
Staff at Sodiat, the Malagasy group owned by jailed tycoon Mamy Ravatomanga, met the court official now running it to ask about wages and layoffs.