Nigerian billionaire Aliko Dangote courts Egyptian investors as Cairo bourse weighs listing
Africa's richest man pitched Egypt as a core market for his industrial empire as the Cairo bourse studies letting locals own his companies.
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.
Reese Witherspoon buys back Hello Sunshine at a steep discount
Five years after selling her production company in a $900 million deal, Reese Witherspoon is buying it back with France's Mediawan for far less.
Zimbabwean billionaire Kudakwashe Tagwirei joins ruling party's top body days after cabinet post
Kudakwashe Tagwirei, the US-sanctioned tycoon seen as President Mnangagwa's preferred successor, has been given a seat in Zanu-PF's politburo, the party's top decision-making body.
Indian billionaire Gautam Adani says clean energy must be affordable
Gautam Adani says decarbonisation cannot price out ordinary citizens after meeting Michael Bloomberg at the Bloomberg New Economy Forum in New Delhi.
Elon Musk's Starlink feud with billionaire Mukesh Ambani draws in Sunil Mittal
Elon Musk's public fight with Mukesh Ambani over Starlink's stalled India launch has drawn in Sunil Mittal and an influential Hindu nationalist group.
Nigerian financier Wole Abegunde now controls $61 million stake in fintech firm eTranzact
A little-known firm whose directors include eTranzact chairman Wole Abegunde has taken 56.18% of the Nigerian payments company, prompting a board overhaul.
Nigerian billionaire Aliko Dangote puts small investors first in refinery IPO
Africa's richest man says retail buyers putting ₦50,000 or less into his oil refinery's record IPO will be served first if the offer is oversubscribed.
Wealthy Moroccan businessman Moncef Belkhayat is bringing Intersport stores to Morocco in 2027
Moroccan tycoon Moncef Belkhayat has signed a deal to open Intersport sporting goods stores in Morocco from 2027, starting in Casablanca.
Mark Zuckerberg says Meta was ready to spend up to $200 billion on AI
Mark Zuckerberg says Meta was ready to write a check of up to $200 billion for AI before its new models were proven.
South Korean billionaire Jay Y. Lee gets $1.9 billion Samsung shares gift from mother
Hong Ra-hee will give her son 11.16 million Samsung shares, lifting his stake to 1.75% and leaving him a gift tax bill above $1 billion.
Indian billionaire Mukesh Ambani overtakes Gautam Adani as India's richest person again
Reliance chairman Mukesh Ambani has passed Gautam Adani on Forbes' real-time list as a selloff in Adani Group shares cut the ports tycoon's fortune.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
Elon Musk gives $276 million to Republicans in three months, becoming the midterms’ biggest donor
Elon Musk has given more than $276 million to Republican groups since July, making him the largest known donor of the 2026 midterms.
Malagasy tycoon Mamy Ravatomanga denied bail again in Mauritius
A Mauritius court has refused bail to Mamy Ravatomanga, held for almost a year in a money laundering case. His lawyers will appeal.
American billionaire Bill Gates’s foundation commits $50 million to cut stillbirths
The Gates Foundation and Wellcome Leap will each commit $50 million to Uzima, a program to halve stillbirths in select countries, starting in sub-Saharan Africa.
Elon Musk’s Cybertruck is selling at no more than 13% of his annual goal
Tesla’s third-quarter data implies about 28,000 to 32,000 Cybertrucks a year, at most 13% of the 250,000 billionaire Elon Musk targeted.