Aga Khan Fund restructures $9.3 million stake in Kenya's Nation Media Group
Aga Khan Fund reorganized its $9.3 million stake in Nation Media Group into a new unit, consolidating control as the publisher faces financial strain and industry shifts.
South African tycoon Adrian Gore’s Discovery Bank targets nearly $180 million profit
Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
Zenith Bank to pay Jim Ovia $4.9 million in October
Jim Ovia will receive nearly $5 million from the lender’s $34.5 million interim dividend payout to shareholders.
Judge delays ruling in $116 million land case involving Mombasa businessman Mohamed Jaffer
Mombasa businessman Mohamed Jaffer faces further delays in the $116 million Mayport Limited land dispute as court sets new judgment date for Oct. 17.
South African billionaire Michiel Le Roux gains $87 million from Capitec stake
Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion.
Canal+, backed by French billionaire Vincent Bollore, moves ahead with $2 billion MultiChoice deal
The deal gives Canal+ effective control of the South African pay-tv giant.
South Africa’s richest man Johann Rupert gains $100 million from Remgro stake
Johann Rupert’s Remgro stake rises $100 million as shares climb, highlighting his influence in South Africa’s investment sector.
Moroccan physician Rochdi Talib’s Akdital opens $24 million clinic in Khouribga
Akdital opens $24 million clinic in Khouribga, adding 100 beds and the city’s first oncology, cardiology and intensive care units.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.
Nigerian businesswoman Aisha Achimugu’s Felak Group rejects ties to $7 million Providus Bank deal
Felak Group rejects reports linking Aisha Achimugu and Oceangate Engineering to a $7 million Providus Bank case.
Nigerian billionaire Femi Otedola warns depot owners as Dangote Refinery reshapes fuel supply
Nigerian billionaire Femi Otedola backs Dangote Refinery, urges depot owners to adapt as $20 billion project transforms Nigeria’s fuel supply chain.
Gabon’s richest man Christian Kerangall loses fight as court clears BGFI Holding IPO
A Gabon court ruled against Christian Kerangall’s shareholder challenge, clearing BGFI Holding’s path to resume its stalled stock market listing in Douala.
Black female venture capitalist Arian Simone launches Fearless Global Initiative at UNGA to unite leaders for economic inclusion
Fearless Fund’s Arian Simone debuts FGI at UNGA, spotlighting its work investing in women-of-color founders with early-stage, growth potential and proven impact.
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant
Sawiris family eyes bold merger of OCI Global and Orascom Construction, creating a global infrastructure and investment powerhouse anchored in Abu Dhabi.
South Africa’s second-richest man, Nicky Oppenheimer, is $1.75 billion richer so far in 2025
South African billionaire Nicky Oppenheimer grows his fortune to $13.3 billion after a $1.75 billion gain in 2025.
Nigerian aviation mogul Allen Onyema's Air Peace to create 50,000 jobs with new MRO facility
Allen Onyema’s Air Peace begins Lagos MRO project, set to generate 50,000 jobs and boost Nigeria’s aviation industry.