President William Ruto orders Tata Chemicals out of Kenya for exporting raw soda ash
President Ruto ordered Tata Chemicals to quit Kenya, saying it exported soda ash from Lake Magadi instead of processing it into glass locally.
Billionaire Joesley Batista lobbied Trump to ease Brazil beef tariffs
Brazilian billionaire Joesley Batista reportedly met Donald Trump days before the U.S. president moved to temporarily ease tariffs on beef imports, a decision that could benefit Batista's JBS.
Billionaire Robert Gumede’s Tongaat Hulett faces fresh $32 million court setback
Billionaire Robert Gumede’s Tongaat Hulett rescue faces a fresh legal setback after South Africa’s Constitutional Court rejected the company’s final appeal over R517 million in disputed sugar-industry payments.
Ivorian billionaire Jean Kacou Diagou is quitting Nigerian life insurance after 15 years
Jean Kacou Diagou's NSIA has approval to hand its Nigerian life portfolio to CHI Life, exiting a quarter of the subsidiary's revenue.
Billionaire Mukesh Ambani is taking on India's ice cream giants at 11 cents a cup
Billionaire Mukesh Ambani is entering India’s crowded ice cream market with Bombay Creamery, using ₹10 starting prices and Reliance’s vast retail network to challenge established brands.
Billionaire Stan Kroenke Agrees to Buy Los Angeles Angels in Reported $4 Billion Deal
Billionaire Stan Kroenke is expanding his sports empire after agreeing to acquire a controlling interest in the Los Angeles Angels in a reported $4 billion deal.
Aliko Dangote's stake in Nigeria's Jaiz Bank is worth $18.2 million
Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.
Billionaire Tim Draper’s $7.9 million Tanzania island sale faces government ownership clarification
Billionaire Tim Draper’s $7.9 million plan to sell his investment in Tanzania’s Lupita Island has drawn a government clarification: the island itself remains state-owned. Draper’s stake is tied to the luxury resort and investment rights held by Firelight Safaris, subject to Tanzanian law.
Billionaire Pham Nhat Vuong and his wife now controls nearly 75% of Vietnam’s billionaire wealth
Vietnam’s richest couple, Pham Nhat Vuong and Pham Thu Huong, now control nearly 75% of the wealth held by the country’s eight billionaires. The Vingroup power couple has a combined fortune of $40.6 billion, with Vuong alone worth $36.5 billion, making him Southeast Asia’s richest person.
Nigerian billionaire Phillip Ihenacho is selling most of Azura Power to an Abu Dhabi buyer
ePointZero is buying 90% of Azura Power, the 752MW producer Phillip Ihenacho's Amaya Capital founded in 2010. Amaya keeps a 10% minority stake.
Nigerian tycoon Ernest Azudialu is pumping more oil while owing lenders over $1 billion
Ernest Azudialu's Nestoil ran its own rig on OML 42 to lift output, twelve days after paying $60 million under an EFCC-brokered repayment plan.
South African billionaire Desmond Sacco got rich sharing one mine with Patrice Motsepe
Desmond Sacco and Patrice Motsepe each own half of Assmang and neither has bought the other out. The arrangement made both men billionaires.
Billionaire Michael Jordan's NBC deal ends after one season and a single interview
Michael Jordan is not expected to return to NBC's NBA coverage. His entire first season was one interview with Mike Tirico, split in five parts.
Ugandan steel magnate Sikander Lalani opens a $125 million mill
Museveni opened Roofings Group's $125 million cold rolling complex at Namanve as the company moves to mine and process Ugandan iron ore for itself.
South African billionaire Robert Gumede's $1.9 billion smart city hits land and contract snags
Robert Gumede's Guma Group plans a $1.9 billion smart city on Mpumalanga state land, but contracts, residents and a citrus farm are unresolved.
King Mohammed VI's family owns $17.5 billion in listed Moroccan firms, two-thirds of it mining
Morocco's royal family controls 60% of Al Mada, giving it roughly $17.5 billion in publicly traded Moroccan companies, with $11.3 billion in mining.