Burkinabe tycoon Mahamadou Bonkoungou's EBOMAF denies report linking its jet to Benin coup leader’s escape
Ebomaf says no company aircraft carried Benin’s Lt. Col. Pascal Tigri after the failed coup, calling the report unverified and false.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Fitch affirms Eqdom rating as Elalamy family’s Saham tightens control of Morocco’s consumer lender
Fitch affirmed Morocco’s Eqdom at AA-(mar) with a stable outlook, citing expected support from Saham Bank and improving loan recoveries.
Nigerian investor Michael J. Prest challenges Bank of Zambia over Investrust liquidation
Michael J. Prest’s BONI Global says a settled Investrust share purchase was later denied, leaving investors asking what protections exist in Zambia.
Multimillionaire tycoon Ravatomanga seeks relief after Madagascar freezes Sodiat accounts
Maminiaina Ravatomanga’s lawyers want Madagascar’s anti-graft court to allow limited payments after Sodiat-linked accounts were frozen in a laundering probe.
Austrian tycoon Andreas Sohmen-Pao's BW Energy acquires stakes in Angolan oil blocks for $310 million
BW Energy, led by chairman-owner Andreas Sohmen-Pao, is buying stakes in Chevron-run Block 14 and 14K offshore Angola in a $310 million deal.
Nigeria's richest woman Folorunsho Alakija donates $23 million hospital to university
Folorunsho Alakija donated a N34 billion, 250-bed hospital to UNIOSUN, as Osinbajo urged Nigeria to curb medical tourism and train doctors at home.
Palm Hills, Marriott plan St. Regis near Grand Egyptian Museum in West Cairo
Palm Hills and Marriott plan a St. Regis near the Grand Egyptian Museum, adding new hotel rooms and branded residences to West Cairo.
Nigerian-Lebanese billionaire Gilbert Chagoury promotes ORCA’s mega-showroom as Lagos bets big on premium retail
Backed by ambassador Gilbert Chagoury, ORCA’s four-floor showroom opens in Eko Atlantic, bringing scale, jobs and confidence to Lagos’ premium retail market.
South African multimillionaire Magda Wierzycka wants pension funds to back startups
Magda Wierzycka says directing a sliver of South Africa’s pension savings into startups could unlock billions for the country’s next generation of entrepreneurs.
Ghanaian entrepreneur Beatrice Mensah-Tayui to pay $17 million for oil block in Guyana
Mensah-Tayui's Cybele Energy has clinched Guyana’s shallow-water Block S7, becoming the first African explorer to secure offshore acreage in the booming oil state.
Motsepe's African Rainbow Minerals reports R1.5 billion dividend from Assmang after stronger year
African Rainbow Minerals said it received a R1.5 billion dividend from Assmang, reflecting improved earnings and steadier commodity conditions through 2025.
Africa early-stage investor summit closes in Cape Town with calls for ownership, strategy and homegrown capital
Leaders at Africa’s top early-stage investor summit in Cape Town urged renewed ownership, stronger capital flows and deeper collaboration to build a resilient ecosystem.
Ugandan steel tycoon Sikander Lalani exits Kenyan market in a move that rattles industry
Sikander Lalani’s sudden withdrawal from Kenya has unsettled Uganda’s steel market, raising fears of higher prices and tightening supply.
Nigerian billionaire TY Danjuma launches Lagos logistics hub to speed movement of goods across West Africa
Former defense minister Theophilus Danjuma has launched TY Logistics Park in Lagos, a grade-A hub meant to speed goods across West Africa.