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.
Zenith Bank to pay Jim Ovia $4.9 million in October
Jim Ovia will receive nearly $5 million from the lender’s $34.5 million interim dividend payout to shareholders.
Judge delays ruling in $116 million land case involving Mombasa businessman Mohamed Jaffer
Mombasa businessman Mohamed Jaffer faces further delays in the $116 million Mayport Limited land dispute as court sets new judgment date for Oct. 17.
South African billionaire Michiel Le Roux gains $87 million from Capitec stake
Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion.
South Africa’s richest man Johann Rupert gains $100 million from Remgro stake
Johann Rupert’s Remgro stake rises $100 million as shares climb, highlighting his influence in South Africa’s investment sector.
Moroccan physician Rochdi Talib’s Akdital opens $24 million clinic in Khouribga
Akdital opens $24 million clinic in Khouribga, adding 100 beds and the city’s first oncology, cardiology and intensive care units.
Nigerian billionaire Femi Otedola warns depot owners as Dangote Refinery reshapes fuel supply
Nigerian billionaire Femi Otedola backs Dangote Refinery, urges depot owners to adapt as $20 billion project transforms Nigeria’s fuel supply chain.
South Africa’s second-richest man, Nicky Oppenheimer, is $1.75 billion richer so far in 2025
South African billionaire Nicky Oppenheimer grows his fortune to $13.3 billion after a $1.75 billion gain in 2025.
Shoprite Nigeria’s big-store model no longer sustainable under Tayo Amusan’s Ketron
Shoprite Nigeria, under Ketron, is revamping operations, focusing on smaller stores and local supply chains to better serve Nigeria’s market.
British-Nigerian entrepreneur Ladi Delano leads Moove on path to $2 billion
Moove, led by Ladi Delano, targets $2 billion valuation, expanding mobility financing across Africa, the U.S., and Latin America.
South African tycoon Giovanni Ravazzotti loses $67 million from Italtile stake
South African businessman Giovanni Ravazzotti’s Italtile stake drops $67 million amid weaker consumer demand and JSE pressures.
Malawi billionaire Hitesh Anadkat’s FMB stake tops $1.2 billion
Malawian billionaire Hitesh Anadkat’s FMB stake climbs to $1.22 billion amid regional banking growth.
Aliko Dangote’s $20 billion refinery suspends self-collection sales
Aliko Dangote’s $20 billion refinery halts self-collection sales, shifts marketers to free delivery scheme to streamline fuel supply.
Nigerian banker Jim Ovia’s Zenith Bank sees $355 million profit in first half
Zenith Bank’s H1 profit falls to $355 million as impairments rise, while total assets reach $20.7 billion.
Egyptian billionaire Mohamed Mansour points to AI as Africa’s development lever
Egyptian billionaire Mohamed Mansour sees artificial intelligence as a key lever for Africa’s growth.