South African tycoon Ipeleng Mkhari's Motseng wins share of Gautrain deal
Ipeleng Mkhari's Motseng, through a joint venture with AIIM, is part of the consortium that will run South Africa's Gautrain from 2026 to 2041.
Senegalese chicken billionaire Babacar Ngom to build $35 million poultry complex in Congo
Babacar Ngom's Sedima will invest 20.47 billion CFA francs, about $35 million, in an integrated poultry and grain complex in Congo's Pool department.
Zimbabwe investigates helicopter crash that killed Wicknell Chivayo
Zimbabwe's aviation authority is investigating the helicopter crash that killed Wicknell Chivayo and his wife, saying fuel spilled on impact before a fire broke out.
British billionaire Chris Rokos sells Florida mansion for $83 million
Chris Rokos has sold his 2.8-acre Manalapan estate for $83.2 million, more than double its 2017 price, after first asking $150 million for it.
Egypt's fintech unicorn MNT-Halan to sell 20% stake in Cairo IPO
MNT-Halan, Egypt's first fintech unicorn, will sell 20% of its Egyptian business on the EGX in one of the country's largest IPOs in years.
Franco-Lebanese tycoon Hayssam El Jammal Prometal secures $45 million Afreximbank loan
Afreximbank has approved a €40 million revolving facility for Prometal, the Cameroonian steel group built by Franco-Lebanese industrialist Hayssam El Jammal.
Ugandan billionaire Sudhir Ruparelia buys Old Mutual's Kampala building
Sudhir Ruparelia has bought Old Mutual's former UAP Insurance building on Kimathi Avenue in Kampala as the insurer sells off property across East Africa.
Billionaire Othman Benjelloun's Bank of Africa lifts first-half profit 10% to $261 million
Othman Benjelloun's Bank of Africa lifted first-half profit 10% to 2.5 billion dirhams as lower bad-loan charges offset a 37% fall in trading income.
Tanzanian billionaire Mohammed Dewji explores Uganda investment opportunities with Gen Saleh
Tanzanian billionaire Mohammed Dewji met Gen. Salim Saleh in Kampala to discuss recycling, manufacturing and food security as MeTL looks beyond Tanzania.
Nigerian billionaire Aliko Dangote partners with Honeywell on $16 billion Kenya refinery
Aliko Dangote has picked Honeywell for a $300 million role in his $16 billion Kenya refinery, reusing Lekki designs to save nearly two years.
Billionaire Elon Musk to co-lead Pentagon study on the future of warfare
Pete Hegseth named Elon Musk, Anduril co-founder Palmer Luckey and Newt Gingrich to lead Project Meridian, a Pentagon study on future warfare.
Egyptian billionaire Ahmed Elsewedy gains $174 million in Q3 as Elsewedy Electric shares climb
Ahmed Elsewedy's stake in El Sewedy Electric rose $174 million in the third quarter as the Egyptian cable maker's shares climbed 25.6%.
Kenyan banker Suresh Bhagwanji Shah gains $18 million in Q3 as I&M Group shares hit a record
Suresh Shah's I&M Group stake rose $18.2 million in the third quarter as the Kenyan lender's shares climbed to a record high.
South African billionaire Piet Mouton loses $130 million on Capitec shares in third quarter
Piet Mouton's Capitec stake lost $130 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
Nigerian billionaire Tony Elumelu buys 6 million more Seplat shares, lifting stake to 21%
Tony Elumelu bought 6 million more Seplat shares through Heirs Energies, raising his combined stake in the Nigerian oil producer to 21.07%.
How Wicknell Chivayo gave away millions in cars and cash
Wicknell Chivayo, reported killed in Wednesday's helicopter crash, spent millions on cars and cash for musicians, journalists and security forces while winning state contracts.