Kanye West drew 34,000 in Portugal after five European countries cancelled his tour
Kanye West performed to about 34,000 people in Portugal, after five European countries cancelled his shows and Australia refused him a visa.
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.
Mounir Nakhla plans to list only MNT-Halan's Egyptian arm and keep the rest private
MNT-Halan's planned Cairo listing covers only its Egyptian arm, valued at up to $1 billion, with its Turkish, Pakistani and Gulf operations staying private.
Billionaire Femi Otedola spends additional $13 million on First HoldCo shares
Femi Otedola bought 138 million more First HoldCo shares for about $13 million, taking his holding to 12.09 billion shares worth $1.14 billion.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
Elon Musk's Tesla and SpaceX commit $16.8 billion to build Terafab chip factory in Texas
Tesla and SpaceX are committing $16.8 billion to break ground on Terafab, a colossal chip factory outside Houston that could eventually cost $119 billion.
Nigerian billionaire Solomon Onafowokan's Coleman spent $20 million generating its own power
Coleman has spent more than $20 million on gas-fired power generation while paying $8.70 per unit for gas, its managing director said.
Capitec CEO Graham Lee says 'excitingly low' market share signals massive growth runway ahead
Capitec CEO Graham Lee says the bank's low market share in key segments is not a weakness but a sign of how much room it still has to grow.
Patrice Motsepe stands by Infantino as FIFA president faces crisis over collapsed $4.2 billion deal
Billionaire Patrice Motsepe is standing firm behind FIFA president Gianni Infantino as a $4.2 billion World Cup deal collapse triggers a global leadership crisis.
Ghanaian tycoon Sam Jonah takes Nigeria to arbitration over $500 million Abuja property
Sam Jonah's JonahCapital has begun arbitration against Nigeria at the ICC in Paris over the termination of a lease on 501 hectares of Abuja land.
Forbes counts one Tanzanian billionaire, but three others are writing nine-figure cheques
Forbes lists one Tanzanian billionaire. Three others have committed hundreds of millions to acquisitions in the past two years, exceeding their published valuations.
Umeme, Uganda's former power monopoly chaired by Patrick Bitature, has lost 85% of its value
Umeme shares have fallen about 85% since its Ugandan concession ended, and the company says it has no operating revenue and expects another loss.
Nigerian billionaire Aliko Dangote commits $800 million to double his Itori cement plant
Aliko Dangote has signed an $800 million agreement with China's Sinoma to double capacity at his Itori cement plant in Ogun State to 12 million tonnes.
Nigerian tech entrepreneur Olugbenga Agboola's Flutterwave is acquiring an East African bank
Flutterwave is acquiring an undisclosed bank in East Africa as Olugbenga Agboola builds a banking arm around the company's payments business.
Nigerian lottery magnate Kessington Adebutu's Wema and Vitafoam stakes exceed $300 million
Kessington Adebutu's Wema Bank stake is worth $291.27 million and his Vitafoam holding $21.08 million, built entirely on lottery money.
Nigerian billionaire Mike Adenuga's Conoil lifts half-year profit 472% as margins widen
Conoil lifted half-year profit 472% to ₦5.15 billion, yet paid ₦8.29 billion in finance costs, more than the company earned before tax.
Pepkor's CEO Pieter Erasmus will hold a $169 million stake in the fintech he oversees
Pepkor CEO Pieter Erasmus will hold an indirect 13.2% of the $1.28 billion fintech his company is creating, a stake worth about $169 million.