Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1.1 billion
Moroccan billionaire Anas Sefrioui regains $170 million as ADH shares rebound on the Casablanca Bourse.
Richemont rally boosts South Africa’s richest man by $4.6 billion
Johann Rupert gains $4.6 billion this year as Richemont’s rally lifts his net worth to $18.3 billion, the highest gain among African billionaires.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI prepares IPO that could top $1 trillion
OpenAI, backed by Nigerian billionaire Adebayo Ogunlesi, prepares a $1 trillion IPO to fund AI expansion and acquisitions.
South African billionaire Jannie Mouton’s Capitec stake tops $1.3 billion
Jannie Mouton’s stake in Capitec Bank has surged past $1.3 billion following a sharp rally in the bank’s shares, reflecting renewed investor confidence in the JSE.
Moroccan tycoon Alami Lazraq’s stake in real estate company nears $800 million
Alami Lazraq’s stake in ADI nears $800 million as shares surge 23%, lifting investor confidence in Morocco’s booming real estate market.
South African businessman Donovan Chimhandamba lands $75 million AfDB funding for titanium firm
South African businessman Donovan Chimhandamba’s Nyanza Light Metals secures $75 million from AfDB to scale titanium processing and boost Africa’s industrial growth.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $200 million nine-month profit
Abdul Samad Rabiu’s BUA Cement reports a $200 million profit in nine months, driven by higher sales, strong demand, and efficient cost control.
Africa’s richest man Aliko Dangote seeks $5 billion to expand Lagos refinery
Dangote seeks $5 billion to expand Lagos refinery, aiming to double output and boost Nigeria’s energy independence.
Nigerian entrepreneur Innocent Onwunali expands spirits portfolio with new launch
Nigerian entrepreneur Innocent Onwunali’s IKI Leads debuts Doncoco, a new line of locally crafted spirits blending quality, flavor, and homegrown pride.
Egyptian billionaire Ahmed Ezz gains $22 million as Ezz Steel shares surge
Ahmed Ezz adds $22.46 million to his fortune as Ezz Steel shares rise on the EGX, lifting his holdings above $1 billion and reaffirming his influence.
Access Holdings, led by Aig-Imoukhuede, posts profit drop on lower forex gains
Access Holdings, led by Aigboje Aig-Imoukhuede, reports a profit decline as lower forex gains and rising costs weigh on results.
Aliko Dangote’s cement company profit nearly triples to $508 million
Aliko Dangote’s Dangote Cement profit jumps to $508 million, marking a milestone for Nigeria’s largest cement producer.
Abdul Samad Rabiu set to become Nigeria’s next $10 billion man
Nigerian billionaire Abdul Samad Rabiu’s fortune hits $9.2 billion, fueled by strong gains in BUA Foods and BUA Cement shares.
Markus Jooste’s former coastal estate expected to top $5.8 million
A Hermanus coastal estate once owned by Markus Jooste is drawing top bids, expected to exceed $5.8 million.
Nigeria commits $1 billion to Lagos port upgrade after Gilbert Chagoury's firm win
Nigeria approves $1 billion to modernize Lagos seaports after Gilbert Chagoury’s ITB Nigeria wins upgrade contract.
Madagascar business magnate Mamy Ravamatoga arrested in Mauritius
Mauritius detains Madagascar business magnate Mamy Ravatomanga over suspected money laundering and Boeing jet transfer to Iran.