Nigerian businessman Kola Karim's Shoreline Power lands $200m Afreximbank facility
Afreximbank has approved a $200 million facility for Kola Karim's Shoreline to fund its share of a $980 million Algerian oil field development.
Nigerian billionaire Femi Otedola spends $56 million on First HoldCo shares in his largest single purchase
Femi Otedola spent about $56 million on 706 million First HoldCo shares, his largest single purchase since taking the bank's chairmanship.
Kenya's wealthy Muguku family nears $70 million sale of Waterfront Karen mall
The heirs of Kenyan poultry billionaire Nelson Muguku are near a deal to sell their Karen mall for about $70 million, half the 2021 asking price.
South African billionaire Koos Bekker opens $14,000-a-night lodge in second English village
The Newt, owned by South African billionaire Koos Bekker, has opened a 16-bedroom private estate in Somerset costing from $14,100 a night.
Billionaire Femi Otedola's First HoldCo H1 profit jumps 83% to $474 million, shares hit record high
Femi Otedola's First HoldCo posted a pre-tax profit of $474 million in the first half of 2026 as its shares hit a record high.
Museveni meets billionaire Rostam Aziz as Uganda media shutdown enters political phase
President Museveni has met billionaire Rostam Aziz, the incoming owner of Nation Media Group, over Uganda's shutdown of the Daily Monitor and NTV Uganda.
Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.
Billionaire Abdul Samad Rabiu's BUA Foods approves record $363 million dividend and expansion plan
BUA Foods, controlled by billionaire Abdulsamad Rabiu, approved a record $363 million dividend and unveiled an expansion plan to become Nigeria's largest food manufacturer.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
Ivorian tycoon Jean Kacou Diagou's NSIA Banque lifts profit 7% as balance sheet tops $5 billion
NSIA Banque Côte d'Ivoire, controlled by Jean Kacou Diagou, lifted 2025 profit 7% to about $72 million as its balance sheet topped $5 billion.
Nigerian tycoon Aderemi Makanjuola's Caverton narrows loss to $10 million as revenue slides 40%
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Angolan billionaire Antonio Mosquito doubles his stake in TotalEnergies-operated offshore oil block
Sonangol has handed 5% of the TotalEnergies-operated Block 17/06 to Falcon Oil, doubling the stake held by Angola's richest man to 10%.
Moroccan tycoon Moncef Belkhayat lines up a string of Casablanca listings for his Dislog empire
Moroccan tycoon Moncef Belkhayat is preparing to float his FMCG group Dislog and several other companies on the Casablanca Stock Exchange from 2026.
Africa's richest man picks Lamu for $17 billion Kenya refinery as engineering work begins
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
Billionaire Nassef Sawiris' Aston Villa puts nearly its entire academy up for sale over spending rules
Nassef Sawiris and Wes Edens have made almost all of Aston Villa's academy players available for sale to comply with new spending rules.