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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.
Michael Dell is now the world's third-wealthiest person on Forbes' ranking, ahead of Jeff Bezos for the first time. His fortune has more than doubled in a year on demand for AI server hardware.
Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting.
Ivanhoe says the Makoko district in the DRC now holds about 12 million tonnes of contained copper, a 30% increase, with a scoping study in 2027.
Onsi Naguib Sawiris has put money behind a new vehicle buying culture-rooted Egyptian brands. Creative Investments Holding has secured $20 million at first close toward a $50 million target, with an Egyptian state SME agency sitting on the same cap table.
Sam Darwish built IHS Towers from a Nigerian start-up into the world's third-largest independent tower operator. MTN's takeover at $8.50 a share would convert his 13.5 million shares into about $115 million in cash.
Exor is selling out of the truck business. John Elkann's Agnelli family holding company will tender its 27.06 percent of Italy's Iveco into a takeover by India's Tata Motors, a stake worth about $1.2 billion.
Shein's shares closed 19 percent below their offer price after five sessions, the second-worst start among billion-dollar Hong Kong listings. On Bloomberg's estimate of his holding, founder Sky Xu's stake has fallen to about $6.3 billion from more than $23 billion at the company's peak.
TY Danjuma's British family office returned to profit with £308,000 and closed the hotel Bloomberg used to illustrate his $1.2 billion fortune.
Paul Obambi grew up barefoot in Brazzaville's Poto-poto neighborhood, bought a removals company in 1990, sold it and built Sapro Group into Congo's most diversified private empire across 11 countries.
Lebashe holds 8.5 million Capitec shares worth R39.6 billion, pledged to two banks as security for the loans that bought them.
Angolan food and agriculture magnate Nelson Carrinho has agreed, through Congolian Financial, to buy Banco BPI's entire 33.35 percent stake in Banco de Fomento Angola for $452 million. The deal would end a 30-year Portuguese presence and deepen questions about banking concentration.
Exxaro Resources will buy out Anglo American's half of the Moranbah South coking coal project in Queensland, then sell the entire asset to Australia's Stanmore Resources for $105 million, exiting its only offshore mining interest.
West African Exploration and Production, 85% owned by Dangote, has contracted three jack-up rigs to begin drilling OML 71 and 72 in December.
Zoomlion holds waste contracts in Nairobi and Mombasa worth billions of shillings, and both are facing legal and procurement challenges.
Music mogul Mr Eazi bought 17.31% of Intravenous Infusions Plc after watching patients go without basic drugs while his mother was dying.
Wilfred Murungi founded Mastermind Tobacco in 1987 and built Kenya's second-largest cigarette maker. Its assets went under the hammer in 2025.