Adebayo Ogunlesi-linked OpenAI to launch first African AI academy in Nigeria
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, picks University of Lagos for Africa’s first AI academy.
South African billionaire Christo Wiese’s Premier to acquire RFG in $340 million share swap
Christo Wiese-backed Premier Group to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to $340 million.
Africa’s richest man Aliko Dangote faces operational setbacks at $20 billion refinery
Dangote Petroleum Refinery faces fresh disruptions as crude intake slows, raising concern over Nigeria’s fuel supply.
Kenyan tycoon Narendra Raval's Devki Steel among firms fined $2.2 million
Kenya’s Competition Tribunal has upheld a $2.2 million fine against Narendra Raval’s Devki Steel and six other firms for alleged price-fixing and import restrictions.
Nigerian banker Jim Ovia gains $14 million as Zenith Bank shares climb
Jim Ovia’s stake in Zenith Bank gains $14 million as the lender’s shares climb after a $34.5 million dividend boosts investor confidence.
South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
World’s richest Black woman, Oprah Winfrey, sees wealth rise to $3.2 billion
Oprah Winfrey’s wealth rises to $3.2 billion after another $100 million gain this year from media, real estate, and business ventures.
Burkinabe tycoon Idrissa Nassa’s Coris Bank Senegal gets $10 million IFC funding
Idrissa Nassa’s Coris Bank Senegal secures $10 million IFC funding to expand trade finance and strengthen its West African network.
Kenyan investor Baloobhai Patel’s Absa Bank shares rise to $15.9 million
Baloobhai Patel grows his Absa Bank Kenya stake to $15.9 million, deepening his influence in the lender.
Moroccan royal family’s Attijariwafa Bank stake falls below $8 billion
The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
South African tycoon Mike Teke’s Seriti starts third phase of Mpumalanga wind project
Seriti Green begins construction on its third Mpumalanga wind project, boosting South Africa’s renewable energy capacity.
Ugandan tycoon Emmanuel Katongole’s QCIL unveils new drug factory in Kampala
QCIL, chaired by Ugandan tycoon Emmanuel Katongole, has unveiled a new factory in Kampala, boosting Africa’s drug output and regional health self-reliance.
Africa’s richest man Aliko Dangote’s net worth climbs to $29.7 billion
Africa’s richest man, Aliko Dangote, sees his fortune rise to $29.7 billion after strong gains in cement and oil assets.
South African tycoon Gus Attridge’s Aspen stake rebounds above $100 million
South African businessman Gus Attridge’s stake in Aspen Pharmacare rebounds above $100 million as the company’s shares recover on the JSE.
Nigerian energy mogul Austin Avuru’s Seplat stake tops $200 million
Seplat co-founder Austin Avuru’s stake surpasses $200 million as the energy firm’s shares surge on the Nigerian Exchange.
Egyptian billionaire Naguib Sawiris backs new mining reforms in Egypt
Egyptian billionaire Naguib Sawiris supports new mining reforms, boosting investor confidence and gold exploration across Egypt.