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.
LeBron James, the NBA's only billionaire, takes a minimum contract to join Philadelphia
LeBron James, the NBA's only billionaire, has joined the Philadelphia 76ers on a minimum contract worth $8 million, a pay cut of over 90 percent.
Mariya Dangote explains why Dangote Cement chose London for secondary listing
Dangote Cement chose London over Dubai for its secondary listing because listing in the Gulf would have taken years, Mariya Dangote told reporters in Lagos.
Senegalese billionaire Yerim Sow's Bridge Bank sells out $118 million offer in a day
Bridge Bank, controlled by Senegalese billionaire Yerim Sow, raised its full $118 million target within 24 hours of opening its share offer on the BRVM.
Aspen, controlled by tycoon Stephen Saad, wins Canadian approval for generic Ozempic
Stephen Saad's Aspen Pharmacare has won Canadian approval for a generic Ozempic, but an ingredient supply failure will keep it off shelves for months.
Nigerian politician Abdulaziz Yari sits on $400 million paper gain at Geregu despite sharp share price slide
Abdulaziz Yari holds a roughly $400 million paper gain on his Geregu Power stake despite a 28 percent share price slide, because he bought at a discount.
Egypt's billionaire El Sewedy family deepens education push with eight new German-model tech schools
Egypt's billionaire El Sewedy family is partnering with the government to launch eight Egyptian-German technical schools built on a German training model.
Billionaire Femi Otedola's First HoldCo becomes Nigeria's most valuable bank stock, passing Zenith and GTCO
Femi Otedola's First HoldCo has overtaken Zenith and GTCO to become Nigeria's most valuable banking stock, reaching N4.80 trillion.
Billionaire Tyler Perry signs multi-year deal to build virtual production stage at Atlanta studio
Tyler Perry Studios has signed a multi-year deal with Synapse to build an LED virtual production soundstage on its Atlanta campus by year end.
Billionaire Nassef Sawiris' Aston Villa banks record $157 million from Chelsea sale of Morgan Rogers
Aston Villa, chaired by Egypt's richest man Nassef Sawiris, has agreed a record $157 million sale of Morgan Rogers to Chelsea.
Algerian billionaire Abderrahmane Benhamadi's Condor signs German pipe manufacturing deal in Berlin
Abderrahmane Benhamadi's Condor agreed with Germany's Maincor to make pipes in Algeria, among more than 30 deals signed in Berlin.
Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Billionaire heiress Mary-Ann Musangi elected vice chair of Kenya manufacturers body
Mary-Ann Musangi, billionaire heiress to Chris Kirubi and managing director of Haco Industries, has been elected vice chairperson of the Kenya Association of Manufacturers.