Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Ugandan multimillionaire Patrick Bitature gets temporary relief in $10 million loan fight
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.
JSE slams Namibian businessman’s Trustco for ‘unacceptable’ conduct in mining sale
The JSE imposed a ZAR 5 million fine on Trustco and flagged “unacceptable” conduct tied to the sale of its mining arm without shareholder consent.
Malagasy tycoon Mamy Ravatomanga calls for calm during nationwide non-violence observances.
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.
Moroccan tycoon Youssef Moamah’s CMGP acquires CPCM for $110 million to create chemical-agriculture giant
Multimillionaire Youssef Moamah leads CMGP’s bold push, acquiring 92.5% of CPCM in a MAD 1 billion ($110 million) deal to expand his chemical-agriculture empire.
Flutterwave’s GB Agboola bets on stablecoins to power Africa’s next fintech boom
Flutterwave CEO Olugbenga “GB” Agboola unveils a strategy to make stablecoins central to Africa’s payment future, linking it to the continent’s youth-driven fintech boom.
Elon Musk’s Starlink, Cisco boost Rwanda’s tech expansion
Starlink and Cisco team up with Rwanda to build a gateway, expand connectivity and train millions for the digital economy.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Serena Williams takes new role mentoring early-stage VC founders
Serena Williams takes a new role mentoring early-stage founders, supporting women and diverse entrepreneurs through social impact investing.
Moroccan billionaire Anas Sefrioui loses nearly $200 million in Addoha stake
Anas Sefrioui’s stake in Groupe Addoha drops $199 million after shares fall 16 percent amid Morocco property concerns.
South African tech founders Brett and Mark Levy pocket $4.3m as Cell C rebound drives bonuses
Blu Label’s co-CEOs reaped R74.3m ($4.3m) in 2025, driven by incentive plans tied to Cell C’s restructuring and surging share price.
Nigeria’s bank chiefs: Big salaries, luxury homes, but tiny stakes
Nigeria’s leading bank CEOs command giant lenders, yet their own stockholdings remain modest by global standards — raising questions about alignment with investors.
Richard Stewart succeeds Neal Froneman as Sibanye CEO
Sibanye-Stillwater names Richard Stewart CEO as Neal Froneman retires, with stock hitting record highs.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Prosus, led by Koos Bekker, clears $4.3 billion Just Eat Takeaway deal
Prosus, chaired by Koos Bekker, secures 90% of Just Eat Takeaway in a $4.73 billion deal, marking its biggest European acquisition in years.
Jailed Angolan billionaire Carlos São Vicente taken to Luanda clinic for urgent medical checks
Carlos São Vicente, imprisoned in Angola for economic crimes, was taken to a Luanda clinic for specialist tests, prompting speculation over his health.