Nigerian billionaire Femi Otedola's wealth rises $200 million in 12 days despite naira's ongoing decline
This brings his fortune to $1.6 billion, cementing his position as one of Africa’s richest and most influential businessmen.
TMG Holding partners with Huawei to launch Egypt's first AI cloud services
Building on their existing relationship in smart cities and sustainable solutions, TMG and Huawei plan to reshape Egypt’s urban landscape.
Richemont to divest YNAP to Mytheresa for $609.7 million
This strategic move follows Richemont’s efforts to enhance YNAP's profitability in the fiercely competitive online luxury retail market.
Access Holdings receives approval to establish Namibian banking unit
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
Moroccan tycoon Adil Douiri's stake in packaged food company nears $20 million
As Douiri's fortune rises, his strategic vision for Mutandis cements his role as a key player in Morocco's business landscape and a leader in the region's consumer goods sector.
Mauritian Doger de Speville family's Medine posts $25.9-million profit in FY 2024
Medine's performance underscores its ability to navigate economic challenges, with real estate driving its growth during the period under review.
NNPC ends exclusive deal with Dangote’s refinery, opens portal for direct fuel supply
Nigeria’s state-owned oil company ends exclusive agreement with Dangote’s refinery, opens fuel market to competition.
Nigerian entrepreneur Cosmas Maduka's Coscharis unveils $4-billion green energy initiative
The ambitious project signifies a pivotal move toward sustainability in Nigeria’s energy landscape.
Standard Bank, led by South African banker Sim Tshabalala, strengthens African infrastructure investment efforts
This aligns with plans to unlock opportunities for alternative energy infrastructure on the continent, building on past collaborations.
Nigerian billionaire TY Danjuma takes over Kashimbila Hydro Dam concession in major power push
At the handover ceremony, Danjuma emphasized that the concession marked the beginning of a long and challenging journey towards achieving reliable electricity for the state.
South African fund manager eyes stake in ports company owned by Mombasa-based Mohamed Jaffer
This move is part of AIIM's strategy to expand its investments in African infrastructure, particularly in logistics.
Burkinabe tycoon Mahamadou Bonkoungou provides aircraft to Togolese Air Force
Burkinabe tycoon Mahamadou Bonkoungou strengthens ties with military support.
Strive Masiyiwa, Zimbabwe's richest man, honored with Harvard's top award in African and African American studies
In recent years, Masiyiwa, along with his wife, Tsitsi, has focused on public health challenges, taking a leading role in combating HIV/AIDS, Ebola, malnutrition, and COVID-19.
Nigeria's richest person loses $10.6 billion in 250 days amid weak naira, failed merger, and investor sell-off
Nigerian billionaire Aliko Dangote loses $11 billion in 250 days due to naira decline, failed merger, and market sell-off.
Palm Hills to buy nearly $40-million stake in Taaleem from Egyptian billionaire Yasseen Mansour
This follows Mansour's acquisition of an additional stake in Taaleem, increasing his holding to 18.3 percent after purchasing shares worth EGP505.6 million ($10.46 million).
Aspen’s market slump wipes $52 million from South African tycoon Gus Attridge’s stake
Attridge, who serves as the group’s chief advisor, holds a 4.3-percent stake in the Durban-based pharmaceutical giant, amounting to 19,033,829 shares.