Nigerian billionaire Rasheed Sarumi's Presco commits $200 million to Ondo oil palm project
Presco will invest an initial $200 million in Ondo State to build oil palm plantations, a processing mill and a refinery, its chief executive said.
Zimbabwean tycoon Simon Rudland opens $25 million citrus plant at the South African border
Simon Rudland has commissioned a $25 million citrus processing plant at Beitbridge that will supply juice to Schweppes Zimbabwe and export markets.
Kenyan multimillionaires Robert Kirubi and Mary-Ann Musangi to pocket $1.25 million in Centum dividend
Robert Kirubi and Mary-Ann Musangi will take about $1.25 million from Centum's record dividend through the 31% stake inherited from their father.
Botswana tycoon Ramachandran Ottapathu's Engen takeover faces public competition hearing
Botswana's competition regulator has opened Ramachandran Ottapathu's bid for 70% of Engen Botswana to public submissions before reaching a decision.
Botswana tycoon Chandra Chauhan's Sefalana cuts dividend 60% as diamond slump hits profit
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
Richelieu Dennis's ESSENCE Ventures buys into REVOLT's parent company
ESSENCE Ventures has bought a minority stake in REVOLT's parent company, giving founder Richelieu Dennis a board seat two years after Diddy exited.
South African tycoon Johnny Copelyn sets 2028 exit from HCI after 29 years
Johnny Copelyn will retire as HCI chief executive during FY2028 after 29 years, holding a stake in the company worth about R1.41 billion.
Nigerian billionaire Victor Odili to pocket $19.9 million MTN interim dividend
Victor Odili's 5.08% stake in MTN Nigeria will earn ₦27.69 billion from the ₦26 interim dividend, on a holding now worth about $657 million.
Oprah Winfrey is handing her $40 million South African school back to the government
Oprah Winfrey will wind down her Leadership Academy for Girls at the end of 2027 and hand the campus to South Africa's Gauteng education department.
Ugandan tycoon Sikander Lalani fled genocide in 1994 and built a $255 million steelmaker
Sikander Lalani abandoned his Kigali roofing factory when genocide broke out in 1994, rebuilt in Uganda, and now pays the state $51 million in tax.
Nigerian tycoon Michael J. Prest sues Zambia's central bank for $40 million over Investrust collapse
Michael Prest's Bank of Nevis International is seeking $40 million from Zambia's central bank over the 2024 liquidation of Investrust Bank.
Angola raises $321 million selling Unitel stake it seized from Isabel dos Santos
Angola raised $321 million selling 15% of Unitel, the telecoms group it nationalised from Isabel dos Santos, in its largest IPO to date.
Tunisian tycoon Rached Horchani's conglomerate spans tuna fleets, Sahara hotels and banks
Rached Horchani's group runs tuna fleets, date farms, olive oil mills, three Sahara hotels, quarries and stakes across Tunisia's banks.
Mauritian tycoon Arnaud Lagesse bets on African consumers as IBL revenue tops $2 billion
Mauritian tycoon Arnaud Lagesse is steering IBL Group deeper into African consumer markets, where East Africa now supplies 37% of group revenue.
Hedge fund billionaire Bill Ackman commits $260 million to brain institute after daughter's hemorrhage
Hedge fund billionaire Bill Ackman's foundation is spending $260 million on two Manhattan buildings to house a brain research institute.
Mozambican tycoon Salimo Abdula urges African companies to innovate and expand abroad
Mozambican tycoon Salimo Abdula told the Mozambique CEO Summit that innovation and partnerships will decide which African firms compete globally.