Beyoncé, Jay-Z buy $11.5 million U.K. estate while carrying $110 million Bel-Air debt
Beyoncé and Jay-Z buy an $11.5 million Cotswolds estate, adding privacy and scenic views to their $300 million global property portfolio.
South African billionaire Patrice Motsepe drives Harmony Gold to $4.1 billion revenue
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
Africa's richest man, Aliko Dangote, gets $2.5 billion deal in Ethiopia
Aliko Dangote signs $2.5 billion fertilizer deal with Ethiopia to cut costly imports, boost food security and expand Africa’s farm output.
South African billionaire Johann Rupert’s Richemont brings Panerai’s first boutique to Stuttgart
Richemont, led by Johann Rupert, opens Panerai’s first Stuttgart boutique, expanding in Europe as Specialist Watchmakers find stability amid global headwinds.
Shoprite, backed by billionaire Christo Wiese, opens 16 new stores across South Africa
Shoprite, backed by billionaire Christo Wiese, opens 16 new stores across South Africa, creating 358 jobs and boosting local economies.
Africa now home to 25 billionaires, 122,500 millionaires, report says
Africa now counts 25 billionaires and 122,500 millionaires, signaling a new era of wealth creation across the continent.
Jannie Mouton offers $400 million to turn South Africa’s largest private school network into nonprofit
Jannie Mouton’s trust offers $400 million for Curro, paving its JSE exit, while steering South Africa’s largest private school network into nonprofit status.
Ghanaian real estate developer Eric Ebo Acquah wins $1 million in loan case
Blue Rose founder Eric Ebo Acquah wins $1 million after court finds Shelter Afrique breached $5.2 million housing loan.
South African businessman Des de Beer to receive $5.2 million from Lighthouse
Des de Beer will receive $5.2 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
Nigerian banker Jim Ovia’s Zenith Bank stake drops $21 million in 3 weeks
Jim Ovia loses nearly $21 million as Zenith Bank shares slide over 22 days, pulling market value under $2 billion.
Black executive Marvin Ellison leads Lowe’s expansion with $8.8 billion FBM purchase
The move reflects Ellison’s push to strengthen Lowe’s footprint and deliver stronger earnings.
Coty posts $381 million loss in 2025 under Algerian-born executive Sue Nabi
Coty, led by Algerian-born executive Sue Nabi, posted a $381 million loss in 2025 as weak demand and currency pressures hit sales of fragrances and cosmetics.
WPP Scangroup, founded by Kenyan tycoon Bharat Thakrar, set for layoffs amid half-year loss
WPP Scangroup, founded by Bharat Thakrar, is cutting jobs after posting a half-year loss amid weak demand and cash strain.
South African billionaire Jannie Mouton’s Capitec stake tops $1.2 billion
Jannie Mouton’s Capitec stake tops $1.2 billion as an 18-day share rally adds $67.58 million in value, cementing his position among South Africa’s financial elite.
Wema Bank, partly owned by gambling magnate Adebutu, raises $103 million in rights issue
Wema Bank, partly owned by Nigerian gambling magnate Kessington Adebutu, tops target with $103.1 million rights issue, boosting capital strength and growth outlook.
Dangote refinery signs deal with Japanese firm for petrochemical production in Nigeria
Dangote’s $20 billion refinery partners with Japan’s Mitsui Chemicals to boost petrochemical output, targeting Africa’s $15 billion import market.