Indian billionaire brothers Nitin and Chetan Sandesara are building 10 patrol vessels for Nigeria’s navy
Indian oil tycoons Nitin and Chetan Sandesara’s Nigerian company SEEPCO is supplying 10 locally built security vessels to Nigeria’s navy.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Nigerian billionaire Chika Okafor went from selling bean cakes to building the Chicason Group empire
Nigerian tycoon Chika Okafor left school during the civil war and built Chicason Group into one of Nnewi's biggest industrial conglomerates.
Indian billionaire Anil Agarwal to pocket $110 million from Vedanta’s first dividend since its breakup
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
Australian billionaire Nicola Forrest makes $360 million gift to her charity
Nicola Forrest, ex-wife of Fortescue founder Andrew Forrest, has given A$520 million in cash and shares to her Coaxial Foundation, one of Australia’s largest gifts.
Elon Musk’s SpaceX buys the airwaves it needs to take on Verizon, AT&T and T-Mobile
Elon Musk’s SpaceX will buy up to 14MHz of 800MHz spectrum from Grain Management to make Starlink Mobile a U.S. carrier, sending Verizon, AT&T and T-Mobile shares down about 6%.
Billionaire Donald Trump bought up to $5 million of Elon Musk’s SpaceX bonds
Ethics filings show billionaire Donald Trump’s portfolio bought up to $5 million of SpaceX bonds two days before a presidential order to speed rocket launches; the White House says independent managers made the trade.
Kenya’s wealthy Kinuthia family, founders of Quickmart, set for $37 million IPO payday
The Kinuthia family, which built Quickmart from a Nakuru supermarket, stands to collect $37 million as its owners sell half the chain in an IPO.
South African billionaire heir Jonathan Oppenheimer warns of climate tipping point
Jonathan Oppenheimer, executive chairman of Oppenheimer Generations, said the world may be at a climate tipping point and urged scientists to reach the public.
Nigerian billionaire Aliko Dangote’s refinery IPO opens to Uganda’s wealthy investors
Uganda’s markets regulator has opened Aliko Dangote’s $1.6 billion refinery IPO to high-net-worth and professional investors, days before the offer closes on Oct. 13.
Billionaire Mark Stevens sold $947 million of Nvidia in three months, more than any insider in America
Billionaire Nvidia director Mark Stevens sold $947 million of the chipmaker’s shares in the third quarter, topping a Bloomberg list of U.S. insider sellers that included Arista’s Jayshree Ullal and Jeff Bezos.
Elon Musk’s SpaceX wants to borrow $40 billion for Nvidia chips, and its bonds just hit a record for risk
Elon Musk’s SpaceX is in early talks to raise $40 billion in debt to buy Nvidia AI chips, sending its credit risk to a record and trimming the trillionaire’s fortune by $21 billion in a morning
Billionaire Lionel Messi says goodbye to Argentina after 208 games, 126 goals and a World Cup
Billionaire Lionel Messi played his final game for Argentina on Tuesday, scoring his 126th international goal in a 3-0 win over Benin before 85,000 fans in Buenos Aires.
Billionaire Michiel le Roux's Capitec targets South Africa's R50 billion stokvel market
Capitec has launched a stokvel account aimed at the 11 million South Africans who save about R50 billion a year through 800,000 community savings groups.
Billionaire David Ellison now owns HBO, CNN, Paramount and CBS after $111 billion deal closes
Billionaire David Ellison has completed Paramount's $81 billion takeover of Warner Bros. Discovery, nearly $111 billion with debt, creating a media group called Skydance that owns HBO, CNN, CBS and Paramount+.
Kenya clears billionaire Aliko Dangote's refinery IPO for Nairobi investors through depositary receipts
Kenya's Capital Markets Authority has approved a depositary receipt route for Kenyan investors to buy into billionaire Aliko Dangote's $1.6 billion refinery IPO, the first such deal under its GDR rules.
VistaJet wins luxury service awards
Thomas Flohr's VistaJet won a Luxury Report commendation and a Shanghai brand award, as his Vista Global weighs a stock market listing.