Nigerian tycoon AbdulWasiu Sowami's Ardova is buying Africa's largest CNG producer
A consortium led by AbdulWasiu Sowami's Ardova will buy 100% of Powergas, one of Africa's largest producers of compressed natural gas.
Nigerian billionaire Aliko Dangote shows William Ruto the refinery Kenya wants to copy
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
South African billionaire Mark Shuttleworth promised islanders $3.20 a day and paid 46 cents
Mark Shuttleworth's foundation offers Príncipe residents up to $290 a quarter to protect nature. One recipient's first payment was about $42.
Billionaire Lionel Messi buys the house next door in Fort Lauderdale for $8 million
An entity tied to Lionel Messi paid $8 million for 71 Compass Lane, creating a 0.8-acre compound with 15 bedrooms in Fort Lauderdale.
Nigerian tycoon Tony Elumelu tells investors that aid will not industrialise Africa
Tony Elumelu told a UN General Assembly session that aid cannot build industries, and urged investors to partner with African businesses instead.
South African tycoon Chris Seabrooke donates $12.6 million to Wits University in Sabvest shares
The Seabrooke Family Trust donated 1.4 million Sabvest Capital shares worth R204.4 million to the Witwatersrand University Foundation.
Billionaire Hassanein Hiridjee's foundation opens its 250th school in Madagascar
Hassanein Hiridjee's Axian Foundation has opened its 250th school in Madagascar, at Ambahikily in the south-west, after 15 years of building.
Nigerian billionaires Dangote and Rabiu face a Chinese-owned rival as cement prices double
HBM Nigeria, formerly Lafarge Africa and now owned by China's Huaxin, wants distributors with N250 million each as cement tops N12,500 a bag.
South African media mogul Given Mkhari built four radio stations from scratch
Given Mkhari founded Shilumana, formerly MSG Afrika, and built Capricorn FM, Power 98.7, Rhythm FM and Beat 105.2 by applying for licences.
Egyptian billionaire Nassef Sawiris is merging OCI and Orascom into one Abu Dhabi company
Nassef Sawiris wants to merge OCI into Orascom Construction in Abu Dhabi. A Dutch court froze the deal, so he is offering €4.10 a share in cash.
Nigerians who bought $4 of Dangote's refinery are calling board meetings online
Nigerians who bought the minimum 10 shares in Dangote's refinery are posting mock ownership certificates and demanding board meetings online. GHOST
South African executive Francois Gouws owns $51 million stake in PSG Financial Services
Francois Gouws owns a stake in PSG Financial Services worth R829 million.
South African tech mogul Jens Montanana is cashing in on AI without building a data centre
Datatec has set out an AI infrastructure strategy built on edge computing, a month after announcing a R7 billion special dividend to shareholders.
Zimbabwean tycoon Ken Sharpe breaks ground on Chivhu EcoCity
Ken Sharpe's WestProp has broken ground on Chivhu EcoCity, a 5,000-hectare development planned for 20,000 homes and up to 80,000 residents.
Billionaire Femi Otedola's First HoldCo out-earns every major bank in Nigeria and South Africa
First HoldCo posted a 31.63% return on average equity in the first quarter, the highest of any tier-1 bank in Nigeria or South Africa.
Kenyan cement tycoon Benson Ndeta won his fraud case and his old partners are appealing
Savannah Heights and John Gachanga Kaiganaine have gone to the Court of Appeal over a ruling that declared Benson Ndeta's prosecution unlawful.