South African tycoon Robert Gumede takes on Transnet in rail tender court fight
Businessman Robert Gumede has launched a court challenge against Transnet over a rail tender accused of favouring foreign suppliers.
Court sets May 25 to rule on Tunde Ayeni bail application in $11.3 million fraud case
An Abuja court fixed May 25 to rule on Tunde Ayeni's bail application, with the EFCC opposing his release and five SANs arguing for constitutional presumption of innocence.
Billionaire Robert F. Smith's Vista Equity opens first Middle East office in Abu Dhabi
Robert F. Smith has opened Vista Equity Partners' first Middle East office in Abu Dhabi, positioning his $107 billion software firm to tap Gulf sovereign wealth capital.
Tanzania's richest man Mohammed Dewji makes TIME100 Philanthropy list for tackling poverty in Africa
Robert F. Smith has taken Vista Equity Partners into Abu Dhabi, opening the $107 billion firm's first Middle East office inside the Abu Dhabi Global Market financial center.
Tony and Awele Elumelu make TIME100 Philanthropy list for seeding African entrepreneurs
Tony Elumelu and his wife Awele have made TIME's 2026 philanthropy list, recognized for seeding over 27,000 African entrepreneurs across all 54 countries on the continent.
Jay-Z's Roc Nation signs with Chelsea FC in a deal built to win American fans before the World Cup lands in the US
Jay-Z's Roc Nation Sports International signed a strategic partnership with Chelsea FC on May 14, targeting the US market through culture, music and entertainment.
How Zandre Campos built one of Africa's most powerful investment firms
From Angola's oil corridors to boardrooms across three continents, Zandre Campos built one of Africa's most ambitious private equity firms from scratch.
Nigerian billionaire Adebayo Ogunlesi backs South Africa with $28 billion BlackRock infrastructure push
Adebayo Ogunlesi says BlackRock's $28 billion South Africa exposure is set to grow as private capital bets bigger on Africa's infrastructure.
Oando CEO Wale Tinubu says he would rather fire a loyal employee who stopped growing than one who makes mistakes
Oando Group CEO Wale Tinubu sparked debate by saying he would fire a loyal but stagnant employee rather than one who makes mistakes but keeps growing.
Ken Sharpe's Millennium Heights is selling out fast as Harare investors chase Airbnb returns
Ken Sharpe's Millennium Heights has sold 366 of its 1,000 planned Harare apartments as investors target Zimbabwe's growing short-term rental market.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Idrissa Nassa's Coris Holding joins a $430 billion banking coalition targeting Africa's $50 billion agricultural trade gap
Idrissa Nassa's Coris Holding has joined a 17-institution coalition targeting a $50 billion gap in African agricultural trade financing at the Nairobi summit.
The quiet Benin-born engineer who built a $900 million African oil empire nobody saw coming
A Benin-born engineer who once ran Gabon's hydrocarbons office quietly built a private empire worth nearly $1 billion through Petrolin Group.
Tony Elumelu's Heirs Holdings-backed Redtech debuts on Financial Times Africa's fastest-growing companies list
Tony Elumelu's Heirs Holdings-backed Redtech has debuted on the Financial Times Africa's Fastest Growing Companies 2026 list, ranking 32nd out of 130.
Africa's richest man picks Kenya over Tanzania for a $17 billion refinery
Aliko Dangote has shifted his preferred site for a $15-17 billion East African refinery from Tanzania's Tanga port to Kenya's Mombasa.
The bicycle parts trader from Burkina Faso who built a $9 billion banking empire
Idrissa Nassa started out trading bicycle parts and consumer goods in Burkina Faso. He now controls a $9 billion pan-African banking empire.