Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.
British billionaire Richard Branson unveils Virgin Active’s $6.2 million “social wellness” club in Cape Town
Richard Branson opened Virgin Active’s new Green Point flagship, a R100 million plus rebuild that blends training, recovery, health support and social space.
Kenyan multimillionaire investor Paul Ndung’u loses fresh bid to reopen SportPesa case
Appeal judges rejected Paul Ndung’u’s move to revive a withdrawn SportPesa case, saying courts cannot undo an order that was never filed.
Nigerian billionaire Abdul Samad Rabiu commissions Baglietto for new 60 meter yacht
Abdul Samad Rabiu has signed with Italy’s Baglietto to build a 60 meter yacht, adding a new luxury commission to his profile.
Saudi Arabia's richest women invest in Egyptian delivery startup Breadfast's $50 million round
Saudi business leaders Lubna and Hutham Olayan joined Mubadala in backing Egypt’s Breadfast, a fast delivery startup chasing growth beyond Cairo.
Why Algeria's richest man Issad Rebrab let Brandt collapse as French appliance icon heads to liquidation
Issad Rebrab’s Cevital chose not to fund a Brandt rescue, and a French court liquidation ended hundreds of appliance jobs.
Tanzanian multimillionaire Ghalib Said Mohamed to build CAF level stadium in Dar es Salaam
Young Africans says GSM Group president Ghalib Said Mohamed has won the bid to build a CAF standard stadium to end years of renting.
Nigeria tycoon Tunde J. Afolabi's Amni denies receivership, says court order in Cenroc dispute is being misread
Amni says a court order in its Cenroc dispute does not place the firm in receivership and insists operations continue normally.
Billionaire Femi Otedola predicts stronger naira as Dangote Refinery reaches full capacity
Investor Femi Otedola believes the naira may strengthen significantly as Dangote Refinery’s full-scale operations reduce fuel imports and ease forex pressure
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
Dangote expands African investment, eyes Burundi opportunities and regional energy deal
Dangote Group is accelerating its pan-African expansion with new investment talks in Burundi and strategic energy negotiations with Ghana and Cameroon
How Michiel Le Roux’s low-cost model is powering Capitec’s earnings surge
The South African billionaire’s long-held bet on simplicity, scale, and affordability is once again fueling stellar growth at Capitec Bank
Mombasa billionaire Mohammed Jaffer wins delay in court case against maize miller
A Mombasa High Court pushed to May a Ksh90 million suit targeting a grain handler associated with businessman Mohammed Jaffer after witnesses failed to attend.
Billionaire Van Der Walt Brothers Orchestrate $41.1 Million RMH Property Deal
Billionaire WeBuyCars founders Faan and Dirk Van Der Walt are leading a $41.1 Million property acquisition through AttBid, as RMH moves to monetise its long-held property assets in a landmark JSE transaction
Banking tycoon Lesetja Kganyago warns stablecoins could threaten currency stability in South Africa
Lesetja Kganyago has warned that the growing use of stablecoins could threaten currency stability in South Africa, citing regulatory gaps and rising global economic uncertainty
Nigerian tycoon Emma Bishop Okonkwo is reportedly building a Novotel hotel in Lagos
Ekulo Group chief Emma Bishop Okonkwo is taking his consumer goods empire into hospitality, backing a 170 room hotel project on Victoria Island.