South African banking billionaire Michiel le Roux under fire over political donations
The ANC Youth League has renewed its attack on Capitec founder Michiel le Roux, whose companies have given the Democratic Alliance at least R208 million.
CIEL, controlled by Mauritius’s wealthy Dalais family, buys a women’s hospital in Uganda
C-Care, controlled by Mauritius's Dalais family through CIEL, has bought Kampala's Roswell Hospital, lifting its Ugandan network to six hospitals and 17 clinics.
South African tycoon Marcel Golding sees opportunity in the country's water crisis
Rex Trueform, the Cape Town investment group run by former mining union leader Marcel Golding, says South Africa's water crisis creates long-term opportunities.
Indian billionaire Mukesh Ambani expected to receive Rubio at world's largest refinery
Marco Rubio will visit Mukesh Ambani's Jamnagar refinery during an Oct. 17-22 trip that the U.S. ambassador to India calls "a little more business-focused."
Media mogul Byron Allen seeks streaming deal for his CBS late-night shows
Byron Allen is in talks to take his two CBS late-night shows to a major streaming service as new Nielsen figures show younger audiences growing.
Africa's richest man $1.4 billion highway in return for tax credits
Work has begun on a 401-kilometer highway in central Nigeria that Aliko Dangote's group is financing at a cost of ₦1.83 trillion ($1.37 billion).
Nigerian billionaire Jim Ovia’s Zenith Bank discusses Kenya expansion after Paramount Bank acquisition
Zenith Bank has discussed its Kenyan market plans with government officials following its acquisition of Paramount Bank, which gave the Nigerian lender an established foothold in East Africa.
Billionaire Patrick Soon-Shiong wins wider FDA approval for bladder cancer drug
US regulators expanded approval of ImmunityBio's Anktiva to papillary bladder tumors, months early, lifting the value of Patrick Soon-Shiong's $6.5 billion stake.
Bill Gates prepares a major personal push on AI safety
The Microsoft co-founder is preparing to press technology executives and may commit significant personal resources to push for stricter oversight of artificial intelligence.
Ugandan tycoon Ponsiano Ngabirano's Kampala Marriott valued at $167 million
Uganda's NSSF paid $50 million for 30% of the Kampala Marriott built by supermarket tycoon Ponsiano Ngabirano, valuing the hotel at about $167 million.
South African billionaire Piet Mouton rescues TV thriller after its funder pulled out
Piet Mouton, son of PSG founder Jannie Mouton, funded M-Net thriller Invisible after a backer failed to pay mid-shoot, and lent his house too.
Egyptian billionaire Yasseen Mansour lifts Palm Hills stake as his son takes shares
Egyptian billionaire Yasseen Mansour’s reported stake in Palm Hills Developments increased to 14.11%, while a shareholder disclosure listed his son with 3 million shares.
South Africa's wealthy Sacco family accuses billionaire Patrice Motsepe's ARM of power grab
Assore, the mining house controlled by South Africa's Sacco family, says Patrice Motsepe's ARM has taken powers it lacks at their shared mining venture.
American billionaire Scott Shleifer gives $20 million to the University of Pennsylvania
Scott Shleifer, the billionaire who built Tiger Global's private equity arm, and his wife have pledged $20 million to Penn for student aid.
Egyptian fintech tycoon Mounir Nakhla's IPO draws 11 times demand from institutions
More than 300 investors in over 10 countries bid for shares in Mounir Nakhla's MNT-Halan, Egypt's largest fintech lender, ahead of its Cairo listing.
Nigerian oil tycoon Wale Tinubu seeks fresh cash to cut $2 billion debt
Nigerian oil tycoon Wale Tinubu bought Eni's Nigerian oil unit. Now Oando must raise capital to cut about $2 billion of debt.