Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
U.S.-Nigerian mogul Sam Darwish’s IHS stake slips below $90 million
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank
Ivorian cotton king Koné Daouda Soukpafolo takes majority control of Versus Bank, pledging billions in new investment.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
Africa’s richest man Aliko Dangote sees net worth rebound to $29 billion
Africa’s richest man Aliko Dangote regains $29 billion net worth, driven by cement gains and refinery exports.
Tanzanian billionaire Rostam Aziz contests halt of $130 million Mombasa gas plant
Rostam Aziz fights suspension of $130 million gas plant in Mombasa as Taifa Gas pushes East Africa expansion.
Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.
South African tycoon Christopher Seabrooke’s Sabvest stake rebounds to nearly $100 million
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Uganda court battle puts Malagasy businessman Hassanein Hiridjee in spotlight
Malagasy businessman Hassanein Hiridjee faces a Uganda tower takeover dispute as AXIAN expands across Africa.
Nigerian energy mogul Ahonsi Unuigbe named Marconi.NG EPC chairman
Nigerian energy mogul Ahonsi Unuigbe takes the helm at Marconi.NG EPC, operator of West Africa’s largest and most advanced fabrication yard.
Salimo Abdula to support 15,000 youth in Mozambique
Salimo Abdula Foundation partners with FieldReady to train 15,000 Mozambican youth in entrepreneurship and business development.
Prosus, led by South African billionaire Koos Bekker, takes Rapido stake in $270 million deal
Prosus, chaired by Koos Bekker, invests $221.76 million in India’s Rapido, deepening its push into mobility after Swiggy’s exit.
John Kimani, one of Kenya’s richest men, boosts Centum stake to $8.2 million
Kenyan tycoon John Kimani raises his Centum stake to $8.2 million, strengthening his influence in Nairobi’s investment scene.
Nigerian billionaire Abdul Samad Rabiu gains $500 million in under a month
Nigerian billionaire Abdul Samad Rabiu gains $500 million in less than a month, fueled by BUA Foods’ strong stock rally.
GTCO, led by Segun Agbaje, posts $301 million H1 profit, down from $608 million
GTCO’s H1 profit drops to $301 million from $608 million amid a sharp fall in dividend income from GTBank.