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.
Mozambican tycoon Salimo Abdula backs Islamic finance as a new funding route for business
Salimo Abdula told a Maputo audience on Sept. 24 that Islamic finance would widen the funding options available to Mozambican companies.
Canadian billionaire Eric Sprott faces a Delaware suit over a $1.2 billion silver windfall
A Hycroft shareholder says the board hid a silver discovery while handing Eric Sprott a 42% stake that rose from $112 million to $1.28 billion.
South African tycoon Iqbal Survé's side loses a bid for the big banks' compliance files
The Supreme Court of Appeal overturned a 2024 order forcing the Financial Intelligence Centre to hand over confidential bank records.
Nigerian auto billionaire Michael Ade-Ojo wants his university to stop relying on his money
Michael Ade-Ojo told Elizade University's new governing council to reduce its dependence on him and raise money from companies and donors.
Zimbabwean billionaire Strive Masiyiwa's InfraCo has lost a third of its value since March
Econet InfraCo has fallen from 33 cents to 22.79 cents since listing in March, wiping about $309 million off a company valued at $1 billion.
Nigeria's four billionaires are running the playbook that built industrial America
Dangote, Adenuga, Rabiu and Otedola are running versions of the playbooks Rockefeller, Ford, Carnegie and Morgan used to build America.
South African billionaire Patrice Motsepe's Harmony Gold launches $500 million bond sale
Harmony Gold is selling $500 million of convertible bonds due 2031 with a coupon of 1.5% to 2%, convertible into about 2.9% of its shares.
Billionaire Mark Zuckerberg gains $25 billion in a day as Meta shares jump 12%
Meta shares rose almost 12% on Monday after Wells Fargo raised its target, lifting Mark Zuckerberg's fortune to $253.6 billion, per Forbes.
Nigerian-born tycoon Bassim Haidar puts his £18 million One Hyde Park flat up for sale
Reform donor Bassim Haidar is selling his £18.2m One Hyde Park flat and homes in Mayfair, Kensington and Chelsea amid fears over Labour taxes.
Elon Musk's Boring Company is working on a 200 mph tunnel in Texas
Elon Musk says The Boring Company is working on a 200 mph tunnel linking Austin and San Antonio. No route, cost or timeline has been given.
Nigerian billionaire Emeka Okwuosa's Oilserv signs gas deal with Gabon's government
Oilserv has agreed with Gabon to develop the DEF-3 and D4-5 blocks, two months after completing its section of Nigeria's AKK gas pipeline.
Indian billionaire Lakshmi Mittal buys a South African cricket team and two others for $1.65 billion
India's competition regulator approved Lakshmi Mittal and Adar Poonawalla's $1.65 billion purchase of Rajasthan, Paarl and Barbados Royals.
Nigerian oil tycoon Wale Tinubu wins approval to list Oando on any exchange he chooses
Oando shareholders authorised listings on any exchange. Its liabilities exceed its assets by N530 billion and debt costs exceed operating profit.
Nigerian billionaire Femi Otedola gains $138 million on Friday as FirstHoldCo shares hit record high
First HoldCo rose 10% to N162.80 on Friday morning, a record, adding about N182.6 billion to Femi Otedola's stake in a single session.
Nigerian billionaire Rasheed Sarumi's Presco is spending $400 million to grow palm oil in four states
Rasheed Sarumi's Presco has pledged $200 million each to Ondo and Abia, after spending $171.6 million on plantations in Ghana and Nigeria.