Billionaire Mohammed Al-Amoudi orders his conglomerate to hire 40,000 more Ethiopians
Mohammed Al-Amoudi has instructed MIDROC's chief executive to lift the workforce from about 80,000 to between 100,000 and 120,000 employees.
Billionaire Mo Dewji's foundation has now performed 13,900 cataract surgeries in Tanzania
The Mo Dewji Foundation has performed 13,900 cataract surgeries in Tanzania, including 4,238 in the first half of 2026 across 12 mobile camps.
Malagasy billionaire Hassanein Hiridjee renames AXIAN Telecom as Yas Group
AXIAN Telecom has renamed itself Yas Group. It reported $980 million of revenue in the first half of 2026, up 26%, with 45.5 million subscribers.
South African billionaire Patrice Motsepe's Harmony Gold has lost eight workers this year
A Harmony Gold employee died at Mponeng on Sept. 14 after a seismic event, the eighth on-duty death across the group this year.
Billionaire Phil Knight gives another $1 billion away as Nike shares sit near their lows
Phil and Penny Knight are giving $1 billion to Providence St. Vincent in Oregon to build the state's first women's specialty hospital.
Coleman, owned by Nigeria's wealthy Onafowokan family, is now the biggest cable maker in West Africa
Coleman Technical Industries ranks sixth in Africa and first in West Africa, chairman Solomon Onafowokan said at its new headquarters opening.
Egyptian billionaire Nassef Sawiris opens a €866 million offer to take OCI private
NNS Holding opened its all-cash offer for OCI Global on Sept. 15 at €4.10 a share, valuing the fertiliser group at about €866 million.
South African tycoon Sello Moloko went from teaching maths to a multi-million-dollar investment group
Sello Moloko taught school on R180 a month before building Thesele Group into an investment company spanning finance, cars, water and power.
Lebanese telecoms tycoon Ziad Dalloul's Africell gets $100 million from Washington to counter Huawei in Africa
The US Export-Import Bank will lend nearly $100 million to Africell, the only American-owned mobile operator in Africa, to buy US equipment.
South African billionaire Sandile Zungu loses the SAFA presidency by 157 votes to 82
Sandile Zungu lost the South African Football Association presidency to Danny Jordaan at the elective congress in Midrand on Saturday.
South African tycoon Zunaid Moti's Botswana schools deal could cost taxpayers $1.5 billion
Botswana's opposition says a schools deal tied to Zunaid Moti could cost taxpayers P20 billion, and wants a parliamentary panel to investigate.
Tanzanian billionaire Ghalib Said Mohamed wants more trains to the inland cargo hub he runs
Tanzania Railways may add trains to Isaka, the inland cargo hub Ghalib Said Mohamed leases, which clears freight for Rwanda, Burundi, Congo and Uganda.
The oil tycoon who bought Equinor's Nigerian business is in prison over a $1.5 million dispute
The family of Chappal Energies CEO Ufoma Immanuel has petitioned President Tinubu, alleging he was handcuffed to a hospital bed in detention.
Aliko Dangote and investment banks sign Africa's biggest IPO, minimum subscription set at $3.97
Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each.
South African property developer Brett Abrahamse is bringing Hilton into Zimbabwe for the first time
Hilton will open its first Zimbabwe hotel in 2029 with Terrace Africa, the Harare developer South African Brett Abrahamse founded at 28.
Nigerian oil tycoon Austin Avuru co-founded Seplat and now grows tomatoes in Ogun State
Austin Avuru co-founded Seplat and retired as CEO in 2020. His family holding company now runs greenhouse farms in Ogun State growing tomatoes.