Innocent Chukwuma turned a Nnewi market stall into Nigeria's only indigenous carmaker
Rejected by engineering school, he bet that Nigeria could build the cars it kept importing. Decades later, Innoson is the proof of that wager.
Indian billionaire Sunil Mittal closes $2.9 billion swap, locking in 79 percent of Airtel Africa
The Indian telecom group has settled the swap it announced in May, folding a 16.3 percent block of its African unit directly onto its books.
SpaceX is joining the Nasdaq-100 on July 7 and billions of dollars in forced ETF buying is already queued up
SpaceX will join the Nasdaq-100 on July 7 in a fast-tracked process that will force billions of dollars in mandatory purchases from passive funds tracking the benchmark.
IDC bets R2.5 billion on Robert Gumede's Tongaat rescue and doubles down
South Africa's IDC has doubled down on its R2.5 billion Tongaat Hulett commitment, converting its loan to equity in a bet that the 134-year-old sugar giant can be rescued.
Dangote Refinery imports first UAE crude cargoes from Middle East
Dangote Petroleum Refinery has purchased its first two UAE crude oil cargoes, marking a historic shift in the refinery's feedstock sourcing strategy amid persistent Nigerian crude supply constraints.
Elon Musk was a trillionaire for eight days. Then it ended
Elon Musk became history's first trillionaire on June 12, 2026. Twelve days later, a brutal tech selloff erased up to $374 billion and ended the milestone.
Nigerian oil billionaire Muhammadu Indimi to pocket $1 million as Jaiz Bank raises dividend
Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Jean-Louis Billon built a $1.2 billion palm oil empire, then chased Ivory Coast's presidency
He built his family's plantation roots into a $1.2 billion palm oil and rubber empire, then turned his ambition toward Ivory Coast's presidency. T
Missing phone haunts media mogul Amougou Belinga's murder trial in Cameroon
A missing phone has become the most significant evidentiary gap in the Cameroon murder trial implicating media billionaire Jean Pierre Amougou Belinga in the killing of journalist Martinez Zogo.
Africa's 3rd richest man Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer their worst day of 2026
A brutal session on the Nigerian Exchange erased more than a billion dollars from the BUA Group founder's fortune, reshuffling Africa's wealth rankings overnight.
Egyptian billionaire Nassef Sawiris makes unsolicited bid to take chemical giant OCI Global private at EUR 4.10 per share
Egyptian billionaire Nassef Sawiris has launched an unsolicited all-cash offer of EUR 4.10 per share to take nitrogen producer OCI Global private and end a prolonged corporate impasse.
Fortune 500 reaches a record 11 Black CEOs worth $432 billion including Ghana-born Fannie Mae chief Peter Akwaboah
The Fortune 500 has reached a record 11 Black CEOs overseeing companies worth $432 billion in combined revenue, with Ghana-born Peter Akwaboah among them.
Koos Bekker has spent $334m to take over a Somerset town and residents are demanding a boycott
South African billionaire Koos Bekker has spent $334m buying up a Somerset town's businesses and properties, triggering a boycott campaign against his empire.
Cletus Ibeto built a $3.8 billion empire before earning his school certificate
Cletus Ibeto built a $3.8 billion empire spanning cement, petrochemicals and auto parts in Nigeria before earning his school certificate at age 48.
Inside Zimbabwean mogul Wicknell Chivayo's R160m Clifton home — Black Coffee's new neighbor
Zimbabwean businessman Wicknell Chivayo has dropped $8.7m on a SAOTA-designed Clifton mansion, his most striking real estate move yet.
Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
Chirchir stated that no Chivayo-linked company bid for the JKIA contract, naming China Road and Bridge Corporation as the signatory.