Shoprite Nigeria shuts stores in major cities 4 years after Tayo Amusan’s Ketron takeover
Four years after Tayo Amusan’s Ketron takeover, Shoprite Nigeria is still struggling to steady its business in Africa’s most populous economy
South African entrepreneur André Pienaar sued over $10 billion Amazon contract
André Pienaar sued in Washington over $10 billion Pentagon cloud contract involving Amazon and lobbying claims.
Egypt’s Ghabbour family loses $46 million as GB Corp stock slides
The Ghabbour family’s stake in GB Corp. has lost over $46 million in value after a sharp drop on the Egyptian Exchange.
Egyptian businessman Naguib Sawiris nears $10 billion fortune
Naguib Sawiris nears a $10 billion fortune as gold and real estate investments fuel his rise.
Nigerian logistics mogul Taiwo Afolabi opens new projects to boost community life
Taiwo Afolabi commissions ICT hub, market stalls, and a recreational park in Ogun State to uplift local communities.
Africa’s richest man, Aliko Dangote, sends two more fuel cargoes to U.S.
Dangote Petroleum Refinery exports two additional fuel shipments to the U.S., boosting production and international presence.
South African billionaire Jannie Mouton's Capitec stake rebounds to $1.2 billion
South African billionaire Jannie Mouton’s Capitec stake rises to $1.2 billion as shares gain on renewed investor confidence.
Ugandan lawyer William Byaruhanga buys $8 million stake in Kenya’s Sidian Bank
William Byaruhanga buys $8 million stake in Sidian Bank, ranking as the fourth-largest shareholder in the Kenyan lender.
Zimbabwe’s richest man Strive Masiyiwa plans five new AI factories within a year
Zimbabwe billionaire Strive Masiyiwa to build five AI factories in Africa within a year through Cassava Technologies.
South African pharma tycoon Stephen Saad’s Aspen stake tops $340 million
Aspen Pharmacare shares edge higher, boosting CEO Stephen Saad’s holdings above $340 million despite the stock’s 37% year-to-date decline.
Ghanaian advocate Awo Ablo holds $3.3 million stake in Oracle
Awo Ablo’s Oracle stake is worth $3.3 million, marking her influence in global tech and corporate leadership.
Africa’s richest man sees $163 million wiped from wealth on cement slump
Africa’s richest man Aliko Dangote loses $163 million on cement slump, trimming fortune to $28.8 billion.
Egyptian billionaire Yasseen Mansour loses $6.5 million on Palm Hills stake
Chairman Yasseen Mansour’s Palm Hills stake falls $6.55 million amid continued share pressure on the Egyptian Exchange.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods invests in new mills, sugar plantations
The company said it is accelerating its Backward Integration Project (BIP) in line with the federal government’s extended Sugar Master Plan 2.0.
Africa’s richest royal family’s Attijariwafa Bank stake tops $8 billion
Attijariwafa Bank’s $17 billion market cap surge boosts Morocco’s royal family stake past $8 billion in 2025.
Aliko Dangote's refinery to begin direct petrol supply in Nigeria
Dangote Refinery will start direct petrol supply to 11 Nigerian states from Sept. 15, setting pump prices at N841 to N851 per liter.