Tanzanian billionaire Rostam Aziz's Taifa to build gold mine in $23 million deal
Rostam Aziz's Taifa Group will build Lake Victoria Gold's Imwelo mine in Tanzania and take a stake as the miner raises up to C$32.2 million.
South African billionaire Patrice Motsepe keeps Africa Cup of Nations every two years
CAF president Patrice Motsepe said the Africa Cup of Nations will stay a two-year event, reversing the four-year plan he announced in December.
American billionaire Jeff Bezos loses $14 billion as Amazon shares fall 7%
Amazon shares fell almost 7% after third-quarter results showed AI spending swallowing its cash, wiping about $14 billion off founder Jeff Bezos's stake.
Google billionaire Sergey Brin's money fuels $50 million week against California wealth tax
A committee bankrolled by Google co-founder Sergey Brin spent more than $50 million in a week against California's billionaire tax as polls turned against it.
Indian billionaire Gautam Adani's Adani Ports bids $3.3 billion for European fuel terminals
Adani Ports, controlled by Indian billionaire Gautam Adani, has made a $3.3 billion offer for Evos, a European fuel storage company, weeks after losing ABP.
American billionaire Josh Kushner’s Thrive Holdings agrees to $15.3 billion ADT acquisition
American billionaire Josh Kushner’s Thrive Holdings has agreed to acquire ADT in a $15.3 billion transaction, expanding its technology focused investment strategy.
Nigerian billionaire Wale Babalakin readies Lagos airport terminal for flights across Africa
Nigerian lawyer and businessman Wale Babalakin inspected new regional arrivals facilities at the Lagos terminal his company runs, days after settling a 20-year dispute.
Burkinabe banking tycoon Idrissa Nassa's Coris Bank launches Islamic banking in Chad
Coris Bank, the lender of Burkinabe banking tycoon Idrissa Nassa, has launched Islamic banking in Chad to reach customers outside the formal banking system.
American billionaire Michael Dell laughs off talk of buying Everton football club
Dell Technologies founder Michael Dell dismissed talk that his family wants to buy Everton, weeks after the club's American owners put it up for sale.
American billionaire Len Blavatnik gives Yale $10 million for inflammation research
The Blavatnik Family Foundation, led by Warner Music owner Len Blavatnik, gave Yale's medical school $10 million to study how inflammation drives disease.
Kenyan trucking tycoon Buzeki partners Olympic champion Asbel Kiprop on shoe brand
Kenyan trucking tycoon Zedekiah Bundotich Kiprop, known as Buzeki, is teaming up with Olympic champion Asbel Kiprop to build a running shoe brand called AK.
Nigerian billionaire Aliko Dangote's fortune hits $55.4 billion on cement stock rally
Aliko Dangote's net worth climbed to $55.4 billion after Dangote Cement rose to a record and overtook Airtel Africa as Nigeria's most valuable listed company.
South African tycoon Tshepo Mahloele's Harith wins approval for $420 million FlySafair deal
Harith, the investment firm co-founded by Tshepo Mahloele, has won approval to buy FlySafair, South Africa's biggest airline, in a deal worth about R7 billion.
Madagascar billionaire Hassanein Hiridjee expands AXIAN’s solar energy investments into Guinea
Madagascar billionaire Hassanein Hiridjee’s AXIAN Energy has joined Guinea’s Khoumagueli solar project, with construction targeted for 2027.
South African billionaire Johann Rupert's Heineken venture puts its wine brands under review
Heineken has put Nederburg, JC Le Roux and its other South African wines under review, three years after its Distell deal with Johann Rupert's Remgro.
Nigerian tycoon Taiwo Afolabi's SAHCO wins Air Algérie deal at Lagos, Abuja airports
SAHCO, the Nigerian airport services company controlled by tycoon Taiwo Afolabi, will handle Air Algérie's new Lagos flights and its existing Abuja service.