Nigerian billionaire Aliko Dangote loses $640 million as Dangote Cement shares fall 5.5%
Aliko Dangote lost about $640 million on Monday as Dangote Cement shares fell 5.5% to ₦1,008, leading a ₦1.47 trillion slide on the Lagos bourse.
Kenyan tycoon Jimi Wanjigi and his mother move to oust his brother from father’s estate
Kenyan tycoon Jimi Wanjigi and his mother, Mary Wambui, want his brother Sonny Mbui removed as an executor of the late Maina Wanjigi’s estate.
Armed police occupy Kenyan billionaire Gideon Moi’s family land in Eldoret
Armed Kenyan police occupied a five-acre Eldoret plot owned by billionaire Gideon Moi’s family, whose lawyer says no eviction notice was given.
Kenyatta, Ndegwa and Merali families secure $319 million as Nedbank completes NCBA deal
Three of Kenya's richest families have secured about $60 million in cash and 15 million Nedbank shares as Nedbank completes its NCBA takeover.
Indian billionaire Mukesh Ambani's Jio draws $25 billion in IPO anchor bids
BlackRock, Fidelity, GIC and Abu Dhabi's sovereign fund joined the anchor book for Mukesh Ambani's Jio Platforms, which drew over 30 times the shares available.
South African billionaire Zak Calisto’s Karooooo posts record $26 million quarterly operating profit
Karooooo, the vehicle-tracking company controlled by billionaire Zak Calisto, posted a record quarterly operating profit as Cartrack subscribers rose to 2.9 million.
Africa's richest man says his $100 billion 2030 revenue target is too modest
Africa's richest man told Nigerian actors and creators at his refinery that a new, larger growth target for his group will be unveiled in January.
Indian billionaire Anil Agarwal wins Ramaphosa's backing for South African zinc smelter
President Cyril Ramaphosa pledged government support for a zinc smelter that Anil Agarwal's Vedanta plans to build in South Africa's Northern Cape.
American billionaire John Paulson gives Hebrew University a record $250 million
American billionaire John Paulson has pledged Hebrew University of Jerusalem a record $250 million to build an engineering faculty and expand medical and trauma research.
Moroccan billionaire Othman Benjelloun’s Bank of Africa to issue 5.1 million free shares to investors
Moroccan billionaire Othman Benjelloun’s Bank of Africa will issue over 5.1 million free shares as it moves MAD51.2 million of reserves into capital.
Nigerian billionaire Aliko Dangote’s refinery IPO draws investors from 51 African countries
Aliko Dangote’s refinery says its IPO has drawn investors from more than 90 countries, including 51 of Africa’s 54 nations, before the Oct. 27 close.
Zimbabwean investors have until Oct. 21 to buy into Nigerian billionaire Aliko Dangote’s refinery
Zimbabwean investors have until Oct. 21 to apply for Aliko Dangote’s refinery shares through FINSEC, at an indicative 40 cents per depositary receipt.
Egyptian hotel tycoon Kamel Abou Aly secures $250 million to expand in Morocco
Kamel Abou Aly's Pickalbatros Hotels & Resorts has raised $250 million from IFC and Attijariwafa Bank to buy and upgrade hotels in Morocco.
Emirati billionaire Sheikh Tahnoon's mining company recommits $1.1 billion to Zambia after dispute
Sheikh Tahnoon's Abu Dhabi mining arm and Zambia's state miner closed ranks over the Mopani mine, weeks after Zambia accused it of missing funding commitments.
Russian billionaire Roman Abramovich’s frozen $3.3 billion should help children worldwide, charity says
Save the Children wants Britain to widen the licence on Roman Abramovich's frozen Chelsea sale proceeds so the money can help children beyond Ukraine.
Nigerian billionaire Aliko Dangote's refinery stake could be worth $55 billion
Renaissance Capital now values Africa's biggest refinery at ₦700.41 a share, which would make Aliko Dangote's stake worth about $55 billion.