Rupert's Reinet builds $5.6bn cash pile after PIC stake sale
Johann Rupert's Reinet boosted its cash reserves to about $5.6 billion after selling its Pension Insurance Corporation stake, raising speculation about dividends or strategic deals.
James Mwangi, the Ndegwa and Kenyatta families to pocket Sh5.75 billion in Kenya bank dividends
Kenya's record bank profit year will deliver Sh5.75 billion in dividends to the country's richest investors including James Mwangi and the Ndegwa family.
Motsepe tops the ANC poll as South Africa 2027 race heats up
A new poll has placed Patrice Motsepe far ahead of all rivals in South Africa's ANC race, despite his rejection of any political ambition.
Airtel Africa pushes NGX up 0.85% as its shares rally by 10%
Airtel Africa surged 10 percent to top gainers, lifting the Nigerian Exchange by 0.85 percent as investors rotated into fundamentally strong stocks.
Ghana's opposition petitions rights body over Ibrahim Mahama
Ghana's parliamentary minority is moving to petition a national rights body over Ibrahim Mahama's Damang Mine bid and alleged constitutional breaches.
Court orders final forfeiture of $13m tied to Aisha Achimugu
Federal High Court in Abuja orders final forfeiture of $13 million tied to Aisha Achimugu after EFCC establishes funds as proceeds of fraud.
Tony Elumelu awards $16 million to 3,200 young entrepreneurs
Tony Elumelu provides $16 million in non-repayable grants to 3,200 young African entrepreneurs across 54 countries to foster wealth and opportunity
Rabiu adds $4 billion to net worth amid industrial expansion
Industrialist Abdul Samad Rabiu sees his fortune climb to $14.6 billion as strategic manufacturing expansions and high demand drive BUA Group growth.
Brenthurst Wealth founder Magnus Heystek says his offshore money won't return to South Africa
Magnus Heystek says none of his offshore investments will return to South Africa, warning that recent market gains mask weak fundamentals and long-term growth prospects.
French billionaire Vincent Bolloré will stand trial in December over corruption charges tied to port deals in Togo and Guinea
French billionaire Vincent Bolloré will stand trial in December over bribery and embezzlement charges tied to African port deals in Togo and Guinea.
Kenyan Petroleum tycoon Jackson Chebett buys Tuju's Karen estate at auction
Stabex International chairman Jackson Kiplimo Chebett's company paid Sh450 million at auction for former minister Raphael Tuju's prime Karen property.
Ugandan billionaire Sudhir Ruparelia unveils One-10 luxury apartments in Kampala
Sudhir Ruparelia's Meera Investments is building One-10 Apartments, a 15-story luxury residential tower in Kampala's prestigious Kololo neighborhood.
Zimbabwe's richest family publishes book on three decades of African philanthropy through Higherlife Foundation
Tsitsi and Tanya Masiyiwa have released a book documenting 30 years of the Higherlife Foundation's philanthropic work across Africa.
Jim Ovia's Zenith Bank reclaims Nigeria's most valued lender
Jim Ovia's Zenith Bank Plc reclaimed its position as Nigeria's most valuable lender after shares surged to an all-time high of N111.
Uganda signs a deal with the Sawiris family's Orascom Construction to study a light rail system for Kampala
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
Elon Musk expands Starlink into the Central African Republic
Elon Musk brings Starlink to the Central African Republic, boosting digital access as Iranians plead for connectivity amid a nationwide blackout.