Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Gaming mogul Mr Eazi plans an NGX listing
Mr Eazi told Nairametrics he intends to list a technology company on the Nigerian Exchange, citing Dangote, Rabiu and Otedola as inspiration.
Aliko Dangote is $5 billion richer since the Iran war closed the Strait of Hormuz
Aliko Dangote's Lagos refinery has become Europe's largest supplier of jet fuel and diesel since Iran closed the Strait of Hormuz.
Billionaire Femi Otedola spends another $14.9 million on First HoldCo as stake hits 27.5%
Femi Otedola bought 147.7 million First HoldCo shares at N140, lifting his stake to about 27.5% and his holding past 12.2 billion shares.
Egyptian billionaire Hisham Talaat Moustafa's TMG books $3.4 billion of sales in a single quarter
Hisham Talaat Moustafa's TMG lifted half-year net profit 23% and booked $3.4 billion of contracted sales in the second quarter alone.
Kenyan politician Musalia Mudavadi is paying $29 million to buy back insurers he sold Barclays
An investment firm linked to Kenya's Prime Cabinet Secretary Musalia Mudavadi is buying Absa's stakes in two insurers for at least $29 million.
Cameroon's richest woman Kate Fotso retakes the cocoa export lead she lost last year
Kate Fotso's Telcar Cocoa shipped 40,631 tonnes to retake Cameroon's cocoa export lead, a year after ending two decades of partnership with Cargill.
Ivorian billionaire Jean Kacou Diagou's foundation to fund schools the government will run
The NSIA Foundation, part of Jean Kacou Diagou's banking and insurance group, will finance school building in Côte d'Ivoire while the state supplies staff.
Oando shares fell 28% since May even as the company returned to profit
Oando shares have fallen 28% since May despite a ₦44.53 billion quarterly profit, with liabilities still exceeding assets by ₦530 billion.
Aliko Dangote's sugar business swings from loss to $30 million H1 profit
Dangote Sugar Refinery posted a ₦41.51 billion half-year profit against a ₦24.27 billion loss a year earlier, as gross margin doubled to 24%.
Billionaire Femi Otedola's First HoldCo to pay out 60% of profit as dividends
First HoldCo will pay out at least 60% of profit as dividends, a policy worth roughly ₦83 billion to chairman Femi Otedola on half-year earnings.
Tanzanian billionaire Rostam Aziz to reopen Ugandan outlets shut by Museveni's son
Museveni has cleared Nation Media Group to resume operations in Uganda, a month after his son shut its outlets down over press freedom.
Tanzania's Mittal brothers buy their third Vivo Energy business in three months
Mount Meru Group, owned by Tanzanian-raised brothers Atul and Arvind Mittal, is buying Vivo Energy's Rwanda and Malawi fuel businesses.
Africa's millionaire population grew 4.1% on gold prices as global wealth hit $98.3 trillion
Africa's millionaire population grew 4.1% in 2025 on higher precious metal prices, with Morocco the fastest-growing market at 16.8%.
Nigerian billionaire Femi Otedola's fortune has grown $400 million this year on a single bank stock
Femi Otedola is worth about $1.7 billion, up $400 million since March, with just over half of that now sitting in a single bank stock.
France's billionaire Perrodo family built an $11.4 billion fortune on Africa's abandoned oil wells
The Perrodo family built an $11.4 billion fortune buying the African oil fields the majors abandoned, and now face a French trial over Congo pollution.