Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Oskar Lewnowski: The man betting $9 billion on Congo's cobalt to break China's grip on America's mineral future
Oskar Lewnowski built the world's dominant mining investment firm from a London hedge fund spinout. Now Washington is counting on him.
Energy tycoon Kola Karim says Iran conflict is a wake-up call and Nigeria must seize the global oil supply gap now
Shoreline Group's Kola Karim says Iran's conflict with the U.S. is the most dangerous supply shock in years and Nigeria must capitalize.
$9 billion U.S.-backed Congo cobalt deal stalls amid billionaire Dan Gertler sanctions concerns
A U.S.-backed consortium's $9 billion bid for Congo's cobalt and copper mines is stuck over one unresolved sanctions question in Washington.
Ghanaian tycoon Ibrahim Mahama's Engineers and Planners lands $205 million loan for Gold Fields
Stanbic Bank and Standard Bank have arranged a $205 million loan for Ibrahim Mahama's Engineers and Planners to expand its Gold Fields contract.
Thailand hunts South African businessman Benjamin Mauerberger over $30 million fraud
Thailand issued arrest warrants for South African Benjamin Mauerberger and his wife over a $30 million investment fraud that stretches to Cambodia.
Tunisia sentences richest tycoon Marouan Mabrouk to 20 years in corruption case
Tunisia sentenced its richest businessman to 20 years and a former prime minister to six in sweeping corruption verdicts Tuesday.
South Africa's Supreme Court sides with SARS in foreign money case, warns taxpayers who hide offshore income
South Africa's highest court has backed SARS against a taxpayer who kept changing his story about a British Virgin Islands deposit.
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
ANC condemns PM27 campaign as website pushes Patrice Motsepe for party presidency despite his denials
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
Nigeria’s Tompolo fights to keep $35 million pipeline security deal as Tinubu weighs changes
Tompolo is pushing to retain a pipeline security contract worth about N48 billion a year as rivals circle and the government reviews the deal.
Madagascan billionaire Hassanein Hiridjee’s Axian gets license for fully digital lender in Comoros
Axian secured a central bank license to launch a fully digital lender in Comoros, offering nano loans and micro loans through mobile phones.
Zim billionaire Strive Masiyiwa breaks 26 year silence as Econet Zimbabwe quits the stock market
Strive Masiyiwa addressed Econet shareholders for the first time in 26 years as investors approved delisting from Zimbabwe’s stock exchange.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.