South African billionaire Robert Gumede tells the Zulu king he will turn sugarcane into fuel
Robert Gumede told King Misuzulu kaZwelithini that Tongaat Hulett will produce ethanol and sell electricity to Eskom, lifting demand for KZN cane.
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.
Tanzanian billionaire Rostam Aziz puts his own chief of staff on Nation Media Group's board
Nation Media Group named six directors and lost four, months after Rostam Aziz bought the Aga Khan's 54.08% stake. One of them reports directly to him.
Egyptian billionaire Samih Sawiris is spending €200 million on a resort Morocco never finished
Samih Sawiris wants to recreate El Gouna on Morocco's Atlantic coast, starting with 800 rooms in a €200 million first phase at Mogador-Essaouira.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.
King Mohammed VI's Morocco hits $4.4 billion in trade with India as the two nations eye $2.6 billion in untapped exports
Morocco's bilateral trade with India has grown from $2.9 billion in 2021 to $4.4 billion in 2026, growing at 12.4% annually as King Mohammed VI's economic modernization drive deepens ties with Asia's third-largest economy.
Quinton van Rooyen bought Trustco for N$100 and built Namibia's most contested financial empire
Quinton van Rooyen bought a small Namibian property company for N$100 in 1992, built Trustco into a triple-listed financial services group, and has spent the last decade fighting to keep it from being taken from him.
Pham Thu Huong overtakes Vietjet's Nguyen Thi Phuong Thao to become Vietnam's richest woman with $4 billion fortune
Pham Thu Huong, vice chairwoman of Vingroup and wife of Vietnam's richest man Pham Nhat Vuong, has overtaken Vietjet chairwoman Nguyen Thi Phuong Thao to become Vietnam's richest woman with a $4 billion fortune.
Capitec billionaire Michiel le Roux gave the Democratic Alliance more than half its funding
Capitec founder Michiel le Roux gave R55 million to the Democratic Alliance, 53% of its funding, before South Africa's November elections.
Swiss billionaire Thomas Flohr's Vista Global weighs listing at more than $10 billion
Vista Global is weighing a European listing to raise more than $1 billion at a valuation above $10 billion. Thomas Flohr owns 84% of the company.
Malagasy billionaire Hassanein Hiridjee's Axian Telecom earns $980 million as profit falls
Axian Telecom's half-year revenue rose 26.5% to $980 million, but second-quarter profit fell to $33.2 million on Jumia and Wananchi valuations.
Kanye West's $17.7 million Russia shows thrown into chaos as St Petersburg venue says no contract was ever signed
Kanye West's two October shows at St Petersburg's Gazprom Arena have been thrown into chaos after the venue said no rental contract was ever signed, despite organizers claiming a $17.7 million advance had already been paid to the rapper.
Elon Musk's SpaceX to build $100 billion Louisiana launch site on Pecan Island with up to 10,000 jobs by 2029
Elon Musk's SpaceX has announced a $100 billion launch complex on Pecan Island in Louisiana covering 125,000 acres, with construction starting in 2027 and the first Starship launch targeted for 2029.
Bill Gates warns world leaders are unprepared for AI as jobs vanish, criminals gain power and children lose social skills
Bill Gates says world leaders have no plan for the AI era and warns the technology will either become the greatest equalizer ever invented or the worst source of injustice in history.
South African billionaire Koos Bekker to retire as Naspers chair by 2028
Koos Bekker will retire as chair of Naspers and Prosus in the year to March 2028, ending three decades at the company he built around Tencent.