South African tycoon Giovanni Ravazzotti's Italtile warns earnings will fall on cheap imports
Italtile expects headline earnings to fall up to 12.4% as cheap imported tiles squeeze margins at Ceramic Industries, its manufacturing arm.
Kenyan banker Gideon Muriuki faces a bid to suspend him from Co-op Bank days after winning court protection
Days after the High Court shielded Gideon Muriuki from prosecution, an activist has asked the same court to bar him from running Co-operative Bank.
Nigerian tycoon Eruani Azibapu's $1 billion Niger Delta refinery is nearing completion
Azibapu Eruani's Azikel Refinery in Bayelsa is at finishing stage, with capacity redesigned to 25,000 barrels a day and cost near $1 billion.
Rwandan tycoon Hatari Sekoko went from refugee truck driver to owning Kigali's tallest tower
Hatari Sekoko drove trucks as a refugee in Uganda. He now owns Kigali's tallest tower and Rwanda's first Marriott hotel.
Aliko Dangote says acquisitions come next as Goldman Sachs tours his $40 billion refinery
Goldman Sachs International's co-chief executive toured the Lekki refinery on Wednesday, where Aliko Dangote said his next phase will include acquisitions and new investments.
Ivorian tycoon Ahmed Cissé is buying a $180 million stake in the bank he already chairs
Ahmed Cissé has chaired BICICI since 2023. The Ivorian state is now selling him a $180 million stake, at a price nobody will state.
Angola presses Switzerland for the $900 million frozen in convicted billionaire Carlos São Vicente's accounts
Angola is again pressing Switzerland to release about $900 million frozen in accounts linked to Carlos Manuel de São Vicente, jailed since 2020.
Kevin Hart's Hartbeat loses bid to move its trade secrets case out of public view
A Los Angeles judge has denied Hartbeat's request to move its case against two former employees into private arbitration, keeping the dispute public.
Billionaire Mike Adenuga still owns every share of telecom giant Glo after 23 years
Globacom turns 23 this month and Mike Adenuga still owns all of it, while MTN Nigeria and Airtel Africa listed and 9mobile changed hands twice.
Kenyan tycoon Muhoho Kenyatta pockets $6.6 million as NCBA lifts dividend by half
Muhoho Kenyatta collects roughly $6.6 million from NCBA's interim dividend, months before Nedbank completes its takeover of the bank his family has long backed.
Billionaire Sheila Johnson has sold her Arlington home for $3.15 million in a private sale
Sheila Johnson, the BET co-founder and Salamander Hotels chief executive, has sold her Arlington home for $3.15 million in a private transaction.
A vehicle that bought First HoldCo shares at ₦31 is selling them at ₦110
RC Investment Management is selling 10.4 billion First HoldCo shares at ₦110, having bought them at ₦31 last year. The bank receives no proceeds.
Tope Shonubi's Sahara deploys a 380,000-barrel tanker to speed crude exports from OML 18
Sahara Upstream has deployed a 380,000-barrel tanker at OML 18, its second mother vessel, named after the executive who ran its Kenya business.
Angola seeks Interpol notice for Isabel dos Santos as Cyprus court keeps millions frozen
Cyprus's Supreme Court has refused to lift a freezing order on bank accounts that Angolan authorities allege are linked to Isabel dos Santos.
Burkinabè banker Idrissa Nassa's Coris secures €80 million for West African food and energy
Coris Holding, founded by Burkinabè banker Idrissa Nassa, has signed an €80 million facility with the ECOWAS bank for food, energy and agriculture.