Burkinabe tycoon Idrissa Nassa watches as Cameroon moves to take over SocGen unit
Cameroon is set to take control of Société Générale Cameroun, and Idrissa Nassa’s Coris Bank is positioning for what could come next.
Burkinabe tycoon Mahamadou Bonkoungou's EBOMAF denies report linking its jet to Benin coup leader’s escape
Ebomaf says no company aircraft carried Benin’s Lt. Col. Pascal Tigri after the failed coup, calling the report unverified and false.
Nigeria courts private-sector support for innovation as minister meets billionaire Arthur Eze
Nigeria’s innovation minister wants business leaders at the table, betting new partnerships can turn research into factories, jobs and exports.
Charlamagne Tha God renews iHeartMedia pact as Black Effect expands; deal reportedly worth $200 million
Charlamagne Tha God renewed his iHeartMedia deal, staying on “The Breakfast Club” while expanding the Black Effect podcast network and its slate of Black-led shows.
FCMB led by Nigerian banker Ladi Balogun gains approval for $274 million raise
FCMB Group secures shareholder approval for a $274 million capital raise as Ladi Balogun moves to meet CBN recapitalization rules.
Nigerian businessman Ufoma Immanuel’s Chappal Energies closes $430 million oil financing
Chappal Energies closes $430 million financing to boost Nigerian oil operations and support field development.
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
South African tycoon Gus Attridge’s Aspen stake rebounds above $100 million
Gus Attridge’s Aspen stake rebounds above $100 million as shares recover on the JSE, easing losses after a tough year.
Palantir CEO Alex Karp buys Colorado monastery for $120 million
Palantir CEO Alex Karp pays $120 million for Colorado monastery, setting a record for Pitkin County residential sales.
Femi Otedola boosts stake in First Bank parent with new shares worth $10 million
Nigerian billionaire Femi Otedola bought $10 million in First HoldCo shares, lifting his stake to 17.56% as earnings rose.
Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Fitch affirms Eqdom rating as Elalamy family’s Saham tightens control of Morocco’s consumer lender
Fitch affirmed Morocco’s Eqdom at AA-(mar) with a stable outlook, citing expected support from Saham Bank and improving loan recoveries.
Nigerian investor Michael J. Prest challenges Bank of Zambia over Investrust liquidation
Michael J. Prest’s BONI Global says a settled Investrust share purchase was later denied, leaving investors asking what protections exist in Zambia.
Multimillionaire tycoon Ravatomanga seeks relief after Madagascar freezes Sodiat accounts
Maminiaina Ravatomanga’s lawyers want Madagascar’s anti-graft court to allow limited payments after Sodiat-linked accounts were frozen in a laundering probe.
Moroccan real estate tycoon Alami Lazraq’s stake in ADI dips below $700 million
Alami Lazraq’s stake in ADI falls below $700 million as shares slide, highlighting pressure on Morocco’s property market.