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Sumitomo is paying $418 million to walk away from the Ambatovy nickel mine after $2.6 billion in cumulative losses, with a Jersey-based consortium led by former Glencore nickel head Jason Kluk and South African investor Sandile Zungu taking over.
Ernest Obiejesi's Nestoil owes Nigerian banks approximately N2.9 trillion ($2 billion) and the CBN has blocked dividends at UBA, Access Holdings and FCMB until the loans are fully provisioned.
Tony Elumelu calls on Nigeria's government to act on anti-migrant violence in South Africa, Abba Mangal emerges as the APC candidate for Katsina Central in a generational handover from his billionaire father Dahiru, and Atedo Peterside warns of a 2027 legitimacy crisis.
Uganda's motorsport community gathered on May 3 to honor Rajiv Ruparelia, son of billionaire Sudhir Ruparelia, one year after his death.
Leaked financial records partially support claims that Zanu PF held a hidden 45 percent stake in Kudakwashe Tagwirei's Sakunda Holdings.
Dangote Petroleum Refinery has recalled around 800 engineers previously redeployed following a labour union dispute, granting a conditional pardon.
Jay-Z's Armand de Brignac champagne brand is among the acquisitions under review as Moët Hennessy cuts jobs and confronts a deep strategic crisis.
Sawiris's London office closure marks the end of a quiet migration of African UHNW wealth to Italy, the UAE, and Switzerland after the UK abolished its non-dom regime in April 2025.
Moody's has surrendered its South African credit rating license after 32 years, leaving GCR — the pan-African agency Moody's itself fully owns — to fill the domestic gap as global ratings retreat from Africa.
Sandile Zungu and Jason Kluk take over Sumitomo's failed Madagascar nickel mine, Mahama's Damang Mine delivers its first gold to the Bank of Ghana, and Dangote denies an Elumelu rift.
South Africa's mining BEE program has created at least 46 billionaires, but their names and accumulated wealth remain hidden from public view.
Kenyan businesswoman Mary Wambui has sued Google in the High Court to remove search results about her Sh2.2 billion ($16.9 million) tax evasion case, which was dropped in January 2023.
Optasia debuted on the JSE in November 2025 as Sub-Saharan Africa's first major fintech IPO. Six months later, the operating story has compounded — but the founder is gone, FirstRand owns 26%, and a related-party deal is testing the listing's governance architecture.
Presco's profit jumped 57.4% to N178 billion and Okomu Oil grew Q1 to N34 billion, lifting the combined market cap of Nigeria's protected palm oil duopoly past $2.7 billion — and one of the two has just become Nigerian-controlled after 33 years of Belgian rule.
Palantir CEO Alex Karp has spent nearly $75 million assembling a waterfront compound in Miami Beach, buying a $28.5 million teardown next to the $46 million mansion he already owns on the Venetian Islands.
Yérim Sow's Bridge Bank moves into Guinea Conakry, Ralph Mupita takes home a record R99 million as MTN credits Nigeria for its strongest year in decades, and Ibrahim Mahama pays the first $2 million of his $5 million Black Stars pledge.
