First HoldCo’s half-year earnings top $1 billion under Nigerian billionaire Femi Otedola
First HoldCo’s gross earnings jump to $1.07 billion in H1 2025, while Otedola-led reforms drive asset growth and investor confidence.
Malawian businessman Thom Mpinganjira’s stake in FDH Bank tops $840 million
FDH Bank stock climbs 255% YTD, boosting Mpinganjira’s stake to $842 million and lifting the bank's market cap past $2 billion.
Nigerian businessman Tony Elumelu’s Transcorp reports $183 million in half-year revenue
Transcorp posts $183 million H1 2025 revenue, with assets rising to $592 million across power, hospitality, and energy sectors.
Egyptian entrepreneur Walid El-Saadany steps in as Elmenus CEO, succeeding founder Amir Allam
Walid El-Saadany takes over as CEO of Elmenus to expand across Egypt, boost local talent, and roll out smarter food delivery tools.
Nigerian billionaire Femi Otedola’s ‘Making It Big’ now available for pre-order
Femi Otedola’s new book reveals lessons on building billion-dollar businesses, overcoming setbacks, and inspiring Africa’s next leaders.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $55 million nine-month revenue
Vitafoam posts $55 million revenue, returns to profit, and grows assets to $38.46 million amid strong demand and West Africa expansion.
Nigerian businessman Gbotemi Kuti’s Oak Heirs acquires controlling stake in Air Liquide
Oak Heirs, led by Gbotemi Kuti, takes over 87.31% of Air Liquide Nigeria, expanding its portfolio into industrial and medical gases.
Nigerian billionaire Abdul Samad Rabiu’s net worth rises to $6 billion on cement, food gains
Abdul Samad Rabiu’s net worth rises to $6 billion as gains from BUA Cement and BUA Foods push him higher among Africa’s richest individuals.
America’s richest Black person, Alex Karp gains $2.1 billion, net worth hits $14.2 billion
Palantir CEO Alex Karp adds $2.1 billion, boosting his net worth to $14.2 billion and securing his spot as America’s richest Black billionaire.
I&M Group, founded by Suresh Bhagwanji Shah, expands reach with new Mount Kenya branch
I&M expands in Kenya’s Mount Kenya region with eco-branch, boosting inclusive banking and regional investment.
BUA Cement, owned by Nigerian billionaire Abdul Samad, posts $380 million in half-year revenue
BUA Cement posts $380 million in revenue and $118 million in profit, fueled by Nigeria’s construction boom and strong leadership from Abdul Samad Rabiu.
South African billionaire Patrice Motsepe loses $100 million as ARM plans to cut jobs
Patrice Motsepe’s wealth drops by $100 million as African Rainbow Minerals cuts jobs, faces legal heat, and battles falling mining profits.
Eswatini’s richest man Natie Kirsh’s net worth drops to $10 billion
Natie Kirsh’s net worth drops to $10 billion after asset revaluation, but his global investments and dealmaking remain strong.
South Africa to sell homes of Indian-born Gupta brothers amid corruption fallout
Gupta mansions tied to state capture go to auction in Saxonwold, marking a symbolic step in South Africa’s anti-corruption journey.
South African-born billionaire Patrick Soon-Shiong wants the public to own Los Angeles Times
Patrick Soon-Shiong aims to open L.A. Times ownership to the public while boosting media trust and civic participation.
Nigerian businessman Oba Otudeko cleared in $8 million fraud case
Nigeria’s EFCC drops $8M fraud case against Oba Otudeko after court-approved settlement; Honeywell Group reaffirms his integrity and leadership.