Paystack fires Nigerian co-founder Ezra Olubi amid sexual misconduct allegations
Paystack fires co-founder Ezra Olubi over sexual misconduct allegations as the company faces scrutiny on workplace governance.
Côte d’Ivoire mine lifts gold output for Egyptian billionaire Naguib Sawiris’ Endeavour
Ity mine in Côte d’Ivoire leads Endeavour Mining’s gold output, boosting Egyptian billionaire Naguib Sawiris’ stake to $1.4 billion.
Kenyan billionaire Narendra Raval unveils $550 million steel plant in Uganda
Kenyan billionaire Narendra Raval launches a $550 million steel plant in Uganda, expanding Devki Group’s regional footprint.
Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Samuel Dossou-Aworet-backed Tullow extends Jubilee and TEN licenses in Ghana, securing long-term gas deals and drilling plans.
Ghana’s richest investor Daniel Ofori gains $12.3 million from GCB Bank shares
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Vodacom, led by Shameel Joosub, weighs larger stake in Kenya’s Safaricom
Vodacom may increase its stake in Safaricom as Kenya explores selling part of its government share.
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges in Angola Supreme Court ruling.
Nigerian businessman Ernest Azudialu freed from $1 billion asset freeze
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
Ghanaian energy mogul Kevin Okyere in talks to sell oil block to state-owned GNPC
Springfield, led by Ghanaian energy mogul Kevin Okyere, explores sale of WCTP2 deepwater oil block to GNPC.
Zimbabwean tycoon Simon Rudland opens $100 million tobacco plant in Harare
Zimbabwean tycoon Simon Rudland's Cut Rag Processors opens $100 million Harare tobacco plant, expanding local production and exports.
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares slide
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares fall, reversing recent gains and reflecting cooling confidence in Morocco’s real estate market.
South African entrepreneur Lelo Rantloane’s Ata Capital offloads Novare stake in management buyout
Ata Capital exits Novare, selling 26% stake to management, marking full ownership and a new chapter for the African investment firm.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake tops $400 million
Italtile’s share rebound lifts Giovanni Ravazzotti’s stake back above $400 million after months of pressure on the JSE.
Africa’s richest man Aliko Dangote loses $1.4 billion so far in November
Africa’s richest man Aliko Dangote sees $1.4 billion drop so far in November amid share price declines.
Mauritius-based investor Peter McAllister Todd’s Afine stake falls $3 million
Peter McAllister Todd’s Afine stake drops $3.2 million as the small-cap property firm faces a sharp slide on the Johannesburg Stock Exchange.
Harrods to remove Egyptian billionaire Mohamed Al-Fayed escalators following $83.9 million victim
Harrods replaces Al-Fayed’s Egyptian-themed escalators following $83.9 million victim compensation, unveiling a brighter, spacious central area.