South African billionaire Christo Wiese’s Premier to acquire RFG in $340 million share swap
Christo Wiese-backed Premier Group to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to $340 million.
Egyptian billionaire Yasseen Mansour’s Palm Hills settles $6.3 million North Coast dues
Palm Hills, chaired by billionaire Yasseen Mansour, settles $6.3 million in North Coast fees as sales surge amid Egypt’s resilient property market.
Africa’s richest man Aliko Dangote faces operational setbacks at $20 billion refinery
Dangote Petroleum Refinery faces fresh disruptions as crude intake slows, raising concern over Nigeria’s fuel supply.
Why Africa’s billionaires are quietly banking offshore in Belize
From Cape Town to Cairo, Africa’s billionaire class is looking offshore — and Belize has emerged as a strategic favorite. Here’s what’s fueling the quiet migration of capital.
Seplat, co-founded by Austin Avuru, grows oil operations with new Mobil assets
Seplat Energy steps up oil and gas production after acquiring Mobil assets, strengthening performance and expanding Nigeria’s offshore capacity.
Kenyan tycoon Narendra Raval's Devki Steel among firms fined $2.2 million
Kenya’s Competition Tribunal has upheld a $2.2 million fine against Narendra Raval’s Devki Steel and six other firms for alleged price-fixing and import restrictions.
Nigerian banker Jim Ovia gains $14 million as Zenith Bank shares climb
Jim Ovia’s stake in Zenith Bank gains $14 million as the lender’s shares climb after a $34.5 million dividend boosts investor confidence.
South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
Vodacom, led by Shameel Joosub, to invest $29 million to expand 5G coverage in Limpopo
Vodacom commits $29 million to enhance Limpopo’s 5G network, improve connectivity, and empower local communities.
World’s richest Black woman, Oprah Winfrey, sees wealth rise to $3.2 billion
Oprah Winfrey’s wealth rises to $3.2 billion after another $100 million gain this year from media, real estate, and business ventures.
James Mwangi-led Equity Group backs Kenyan farmers with tractor financing
Equity Bank joins Inchcape to finance up to 95% of tractor costs, empowering Kenyan farmers and strengthening food security.
IFC backs Hassanein Hiridjee’s AXIAN with $62.5 million for Wananchi deal
IFC has committed $62.5 million to support Hassanein Hiridjee’s AXIAN Telecom in acquiring East African pay-TV and broadband provider Wananchi Group.
Burkinabe tycoon Idrissa Nassa’s Coris Bank Senegal gets $10 million IFC funding
Idrissa Nassa’s Coris Bank Senegal secures $10 million IFC funding to expand trade finance and strengthen its West African network.
South Africa’s richest man under fire after $21 million fine to Richemont-owned Chloé
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
Kenyan investor Baloobhai Patel’s Absa Bank shares rise to $15.9 million
Baloobhai Patel grows his Absa Bank Kenya stake to $15.9 million, deepening his influence in the lender.
Malagasy multimillionaire Mamy Ravatomanga escapes to Mauritius on private jet as unrest grows in Madagascar
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.