Namibian tycoon Sven Thieme’s O&L sells clean energy stake to Belgium’s CMB.TECH
Namibian tycoon Sven Thieme’s O&L sells its Cleanergy stake to Belgium’s CMB.TECH, advancing Namibia’s green hydrogen ambitions.
Nigerian lawyer Gbenga Oyebode-led Okomu Oil sees profit double on $118 million revenue
Okomu Oil’s profit more than doubled to $41.1 million as revenue hit $118 million, reflecting strong demand and disciplined management under Gbenga Oyebode.
South African banker Johan Burger gains $5 million from FirstRand stake
Johan Burger’s FirstRand stake rises by $5 million as the bank’s shares jump over 11% on the JSE, lifting his total holdings to about $24 million.
South African mogul Terrence Moolman gains $29 million from Caxton shares
South African media mogul Terrence Moolman gains $29 million as Caxton & CTP shares rise on the Johannesburg Stock Exchange, reflecting renewed investor confidence.
Desterio Oyatsi, the Kenyan lawyer with a $14 million stake in NCBA Group
Kenyan lawyer Desterio Oyatsi’s $14 million NCBA stake highlights his decades of influence in law and business.
Zimbabwean billionaire Strive Masiyiwa’s net worth falls $100 million to $1.2 billion
Zimbabwe’s richest man, Strive Masiyiwa’s fortune drops by $100 million as market slide trims his net worth to $1.2 billion.
Nigerian tycoon Kessington Adebutu commits $2.7 million to development projects
Nigerian gambling magnate Kessington Adebutu marked his 90th birthday by donating $2.7 million to fund education, health, and infrastructure in Remoland.
Gbenga Oyebode, the business lawyer leading Nigeria’s $660 million palm oil giant
Gbenga Oyebode, co-founder of Aluko & Oyebode, leads Okomu Oil, a $660 million Nigerian palm oil powerhouse.
South African tycoon Stephen Brookes’ Balwin stake climbs $10.4 million
Balwin Properties’ CEO Stephen Brookes sees his stake rise by $10.4 million after a strong rally lifts the firm’s market cap to $82 million.
Egyptian billionaire Samih Sawiris confirms transfer of Orascom Development shares to his son
Samih Sawiris confirms he transferred all Orascom Development shares to his son Naguib, marking a generational shift in the Egyptian billionaire’s empire.
Capitec rally pushes Michiel Le Roux stake to $3 billion
South African billionaire Michiel Le Roux’s Capitec stake climbs to $3 billion amid rising shares and investor confidence.
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.