Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake falls below $90 million
Kessington Adebutu’s Wema Bank stake drops below $90 million as shares fall amid selling pressure on the Nigerian Exchange.
Harrods sets aside $83 million for victims of Egyptian billionaire Mohamed Al-Fayed
Harrods sets aside $83.9 million for victims of late Egyptian billionaire Mohamed Al-Fayed’s alleged abuse.
Tope Shonubi’s Sahara Group eyes 350,000 barrel output with 7 new rigs
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
Tanzanian businessman Ally Awadh secures slice of Kenya’s cooking gas market
Tanzanian businessman Ally Awadh’s Lake Gas gains 2 percent of Kenya’s cooking gas market with a new $60 million terminal in Vipingo.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake tops $1 billion after rebound
Hisham Talaat Moustafa’s fortune has rebounded past $1 billion as TMGshares surge, signaling renewed investor confidence in Egypt’s real estate market.
Mukuha family's Naivas becomes Kenya’s first retailer to reach 110 stores
Naivas, Kenya’s top homegrown retailer, has opened its 110th store in Kiambu, marking 35 years of steady growth and reaffirming its market leadership.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Raxio, led by Danish executive Robert Skjødt, unveils Angola’s largest data center
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.
South African billionaire Michiel Le Roux set for $20 million Capitec dividend
South African billionaire Michiel Le Roux set for $20.08 million payout as Capitec lifts dividend on strong earnings.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Serena Williams takes new role mentoring early-stage VC founders
Serena Williams takes a new role mentoring early-stage founders, supporting women and diverse entrepreneurs through social impact investing.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Kevin Hart leads $35 million funding for AI weight-loss app
Kevin Hart’s Hartbeat Ventures leads $35 million funding for Simple, an AI health app with 700,000 subscribers.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.
South Africa’s richest Johann Rupert gains $1.2 billion in September
Johann Rupert’s wealth jumped $1.2 billion in September, lifting his net worth to $17.3 billion on Richemont gains.