Kenyan businesswoman Mary Wambui fights hotel auction as bank looks to recover $62 million
Mary Wambui Mungai is fighting a planned auction of her Nairobi luxury hotel as Equity Bank pursues a disputed Sh8 billion debt.
Tetracore Energy Group charts next phase of growth with gas-to-liquids and ammonia-urea expansion
Tetracore Energy Group Limited is advancing plans to diversify into Gas-to-Liquids (GTL) and ammonia-urea fertilizer production, aiming to deepen Nigeria’s gas-based industrial economy.
Luxury hotel operator controlled by Mauritian Lagesse family posts $127 million half-year revenue
LUX Island Resorts posts $127 million half-year revenue as tourist arrivals boost occupancy and profits across Indian Ocean resorts.
Bill Gates, OpenAI launch $50 million AI health rollout in Africa
Bill Gates and OpenAI are backing a 50 million rollout of AI health tools across 1,000 clinics in Africa by 2028.
Indian father and son hold $186 million stake in Nigeria’s Mecure Industries as shares surge 239%
Mecure shares surged 239% in under three months, pushing Samir and Arjun Udani’s combined stake to about N266.7 billion.
Aliko Dangote seeks Sassou Nguesso’s support for Congo potash project
Aliko Dangote has approached Congo’s president about backing a potash mining project as he looks to secure fertiliser inputs regionally.
Discovery’s Adrian Gore warns South Africa: don’t squander the green shoots
Adrian Gore says South Africa is finally seeing green shoots, but warns careless policy moves and weak execution could waste a rare reform window.
Richer than ever: Patrice Motsepe’s net worth hits $4.3 billion as gold tops $5,100
South African billionaire Patrice Motsepe climbs to $4.3 billion as gold soars past $5,100, lifting his mining fortune.
Orascom Construction, led by Egypt’s richest family, gains backing for OCI deal
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Kenyan tycoon John Kimani's Kakuzi wins Supreme Court reprieve in land case
Kakuzi Plc, partly owned by John Kimani, wins temporary Supreme Court reprieve in a long-running land dispute affecting operations.
Senegalese financier Ibrahim Sagna joins Africa-Gulf council after Silverbacks’ 10th exit
Senegalese financier Ibrahim Sagna joins the Africa-Gulf council weeks after Silverbacks’ 10th exit, expanding his role in cross-border investment.
Dangote Refinery IPO could push Nigeria’s stock market over $140 billion
Aliko Dangote’s $20 billion refinery IPO may push Nigeria’s stock market above $140 billion, opening shares to local and global investors.
Moroccan tycoon Mohamed Hassan Bensalah sells biscuit manufacturer Biscoland sold to Spain’s Adam Foods
Adam Foods has bought Biscoland, the 2023 Holmarcom biscuit and chocolate venture, taking over a modern Casablanca area factory and its local brands.
Lakshmi Mittal reopens South Africa exit talks as state lender weighs takeover of ArcelorMittal unit
Lakshmi Mittal has reopened talks with South Africa’s IDC on a potential takeover of ArcelorMittal’s local steel unit after earlier talks collapsed.
Tanzanian billionaire Edha Nahdi's Amsons Group to inject $201.7 million into East Africa Portland Cement in bid to quadruple output
Amsons Group will inject Sh25.8bn ($201.7m) into East Africa Portland Cement, aiming to lift output to 4 million tonnes within three years.
Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.