Kenyan billionaire Humphrey Kariuki loses court fight to hold on to a South African wine brand
A Nairobi judge refused to stop Namaqua Wines ending its deal with WOW Beverages, ruling the exclusive distributorship was never put in writing.
Kenyan supermarket chain Quickmart is going public and these people will make millions
Sokoni is selling 2 billion Quickmart shares, and the proceeds go to Adenia Partners, the chain's founders and CEO Peter Kang'iri.
Nigerian oil tycoon Tunde Afolabi is building a gas field to feed Nigeria LNG's Train 7
Amni, founded by Tunde Afolabi, and TotalEnergies have approved the Ima gas field, which will supply a third of Nigeria LNG's Train 7 feedstock.
Ghanaian tycoon Sam Jonah is helping raise $1 billion for African critical minerals
Former Gold Fields CEO Chris Griffith is raising $1 billion for African critical minerals with Colin Coleman and Ghana's Sam Jonah.
Senegalese billionaire Yerim Sow's Bridge Bank starts trading in Abidjan on Wednesday
Bridge Bank starts trading on the BRVM on Sept. 24 under BBGC, after drawing CFA95.8 billion of orders for CFA67.5 billion of shares.
Africa's richest man Aliko Dangote will take his fertiliser company public in 2028
Aliko Dangote says Dangote Fertiliser will list in 2028, when he expects capacity to reach 12 million tonnes a year across Nigeria and Ethiopia.
South African defence tycoon Ivor Ichikowitz says Africa must build its own weapons
Paramount founder Ivor Ichikowitz says Africa should build its own defence industry, citing a youth survey his own foundation commissioned.
Billionaire Alisher Usmanov is set to come off EU sanctions after four years
EU envoys agreed to lift sanctions on Alisher Usmanov and Mikhail Fridman in a deal renewing penalties on thousands of Russians for three years.
Ivorian cotton tycoon Koné Daouda Soukpafolo completes takeover of fabric maker Uniwax
COIC, owned by Ivorian cotton tycoon Koné Daouda Soukpafolo, now holds 72.29% of Uniwax after buying 15 million shares from Dutch group Vlisco.
Nigerian billionaire Aliko Dangote plans $3.5 billion pipeline to supply fuel across Southern Africa
Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua.
A supplier is trying to wind up Botswana tycoon Chandra Chauhan's Sefalana over $615,000 debt
Sefalana Cash & Carry faces a winding-up petition in Botswana's High Court over a disputed R10 million supplier claim the group is contesting.
Sadio Mané is investing $20 million of his own money in a mango factory in his village
Sadio Mané laid the foundation stone for SM10 Agro at Bambali on Sept. 19, a 500-hectare agro-industrial park he is funding himself.
Billionaire Michael Jordan tops all-time athlete earnings at $4.5 billion
Michael Jordan leads Sportico's all-time highest-paid athletes at $4.5 billion adjusted for inflation, ahead of Tiger Woods and Cristiano Ronaldo.
South African tycoon Sandile Zungu's AmaZulu signs partnership deal with Spain's Levante
AmaZulu has agreed a youth development partnership with the La Liga club Levante, five days after Sandile Zungu lost the SAFA presidency.
South African billionaire Johann Rupert takes no salary at Remgro but collects $32.8 million in dividends
Johann Rupert draws no salary from Remgro. He is collecting $32.8 million in dividends after headline earnings rose 42.3% to $685 million.
Canadian billionaire Frank Stronach will not go to jail for indecent assault, Ontario judge says
Justice Anne Molloy said she is firmly settled that Frank Stronach, 94, will not receive a jail term for his indecent assault conviction.