Heineken posts $1.9 million bank guarantee to freeze interest owed to Kenyan tycoon Ngugi Kiuna
The Dutch brewer secured a $1.9 million Equity Bank guarantee, halting disputed interest on the $11.3 million award owed to Ngugi Kiuna's Maxam.
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 Femi Otedola recalls N200 million donation to father's scholarship
Femi Otedola has recalled his 2005 N200 million donation to his late father Sir Michael Otedola's scholarship scheme, when the award ceremony was chaired by then Lagos Governor Bola Tinubu.
Black billionaire Magic Johnson's LAFC sells Grasshopper stake as Euro bet fails
Magic Johnson's LAFC has sold its minority stake in Switzerland's Grasshopper Club Zurich after the historic Swiss club struggled on and off the pitch under American co-ownership.
Elon Musk denies WSJ report SpaceX showed investors secret AI device
Elon Musk has called a Wall Street Journal report that SpaceX showed investors a prototype AI device before its IPO utterly false in a post on X.
Billionaire Strive Masiyiwa joined South Africa's president at Google's first Africa cloud summit as the continent races to catch the AI wave
Strive Masiyiwa joined President Cyril Ramaphosa at Google's inaugural Africa Cloud Summit in Johannesburg as the continent accelerates its push into cloud computing and artificial intelligence.
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no plans to leave despite the country's crime crisis
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no intention of emigrating despite the country's persistent crime and security challenges.
Sylvestre Ngouchinghe sold fish from a market stall and built a $280 million empire
Sylvestre Ngouchinghe began selling frozen fish at a Yaoundé market stall in 1982 and built Congelcam into a $280 million empire that now controls up to 80 percent of Cameroon's seafood market.
Baba Danpullo went from truck driver to a $940 million Cameroonian fortune
Baba Danpullo started as a truck driver and small shopkeeper in Cameroon's Northwest Region and built a $940 million fortune spanning tea estates, telecoms and South African real estate.
Elon Musk is a trillionaire again after SpaceX and Tesla shares added $62 billion to his fortune in a single day
Elon Musk has reclaimed trillionaire status after SpaceX and Tesla shares surged on Monday, adding $62 billion to his fortune in a single trading session.
Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.
Moussa Koanda built Burkina Faso's first solar panel factory and a $111 million cement empire
Moussa Koanda moved from consumer goods trading and petroleum distribution to build Burkina Faso's first solar panel factory, a $111 million cement plant and one of West Africa's most quietly formidable industrial empires.
Paul Fokam Kammogne built a $690 million banking empire to prove Africa could finance itself
Paul Fokam Kammogne left Cameroon Bank in 1979, earned a PhD in Bordeaux, and built Afriland First Bank into a $3.6 billion institution to prove Africa could finance its own development without foreign banks.
Etosha Cave slept in her car to save money and has since raised $900 million to make jet fuel from CO2
Etosha Cave grew up next to a toxic oil site in Houston and has raised more than $900 million to turn CO2 into aviation fuel.
Jamaica's richest man bets on cancer treatment's new innovation era
Jamaican-Canadian billionaire Michael Lee-Chin says cancer treatment is entering a transformative new phase of innovation, reflecting a broader investment thesis that connects health, technology and long-term wealth creation.
Billionaire Jay-Z opens up in eight-part HBO documentary with Rick Rubin
Jay-Z has announced an eight-part HBO documentary series directed by Rick Rubin that will trace the billionaire rapper's music, lyrics and life experiences this fall.
Adebowale Olujimi's Emadeb Energy commits to host communities trust as Ibom Field moves toward expanded production
Debo Olujimi's Emadeb Energy Group has reaffirmed its commitment to the Ibom Field host communities development trust as PPL 236 moves toward expanded production.