Ugandan tycoon Ponsiano Ngabirano's Kampala Marriott valued at $167 million
Uganda's NSSF paid $50 million for 30% of the Kampala Marriott built by supermarket tycoon Ponsiano Ngabirano, valuing the hotel at about $167 million.
South African billionaire Piet Mouton rescues TV thriller after its funder pulled out
Piet Mouton, son of PSG founder Jannie Mouton, funded M-Net thriller Invisible after a backer failed to pay mid-shoot, and lent his house too.
Egyptian billionaire Yasseen Mansour lifts Palm Hills stake as his son takes shares
Egyptian billionaire Yasseen Mansour’s reported stake in Palm Hills Developments increased to 14.11%, while a shareholder disclosure listed his son with 3 million shares.
South Africa's wealthy Sacco family accuses billionaire Patrice Motsepe's ARM of power grab
Assore, the mining house controlled by South Africa's Sacco family, says Patrice Motsepe's ARM has taken powers it lacks at their shared mining venture.
American billionaire Scott Shleifer gives $20 million to the University of Pennsylvania
Scott Shleifer, the billionaire who built Tiger Global's private equity arm, and his wife have pledged $20 million to Penn for student aid.
Egyptian fintech tycoon Mounir Nakhla's IPO draws 11 times demand from institutions
More than 300 investors in over 10 countries bid for shares in Mounir Nakhla's MNT-Halan, Egypt's largest fintech lender, ahead of its Cairo listing.
Nigerian oil tycoon Wale Tinubu seeks fresh cash to cut $2 billion debt
Nigerian oil tycoon Wale Tinubu bought Eni's Nigerian oil unit. Now Oando must raise capital to cut about $2 billion of debt.
Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
Nigerian billionaire Aliko Dangote clears legal hurdle in $16 billion Kenya refinery project
A Kenyan court lifted an order that halted Aliko Dangote's $16 billion Lamu refinery after residents opposing the project cited the wrong land parcel.
Moroccan billionaire heir Moulay Mhamed Elalamy takes his family's Saham Group into Spain
Moulay Mhamed Elalamy, the 36-year-old chief executive of Morocco's Saham Group, has opened a Madrid investment holding as the family expands beyond Marbella.
Egyptian billionaire Naguib Sawiris-backed graphite firm presses $100 million claim against Guinea
Falcon Energy Materials, backed by Naguib Sawiris's La Mancha and Idrissa Nassa's Coris group, is pressing Guinea for $100 million over a revoked graphite licence.
Moroccan billionaire Aziz Akhannouch's party left out of Morocco's new government
Morocco's incoming prime minister has formed a four-party coalition without billionaire Aziz Akhannouch's RNI, which led the government for the past five years.
Nigerian billionaire Aliko Dangote's refinery IPO opens to wealthy Ethiopian investors only
Ethiopia has opened Aliko Dangote's $1.6 billion refinery share sale to as many as 100 qualified investors, but retail buyers are barred.
South African billionaire Patrice Motsepe faces pressure to quit as Africa's football boss
Patrice Motsepe's leadership of African football is under strain after his reversal on the Africa Cup of Nations schedule, the Guardian reported.
South African billionaire Patrice Motsepe's mining company sued by its partner
Assore has sued African Rainbow Minerals over who runs Assmang, the iron ore and manganese miner they own equally. ARM rejects the claims.
South Korean billionaire Lee Jae-yong to receive $1.9 billion in Samsung shares from mother
South Korean billionaire Lee Jae-yong is set to receive $1.9 billion in Samsung Electronics shares from his mother, increasing his direct stake to 1.75%.