Kenyan banker James Mwangi gains $7.9 million from Equity Group stake
James Mwangi’s Equity Group stake gains $7.9 million as the Kenyan lender’s shares rally, lifting his holdings and confidence.
Michael Jordan files lawsuit against U.S. motorsports giant over monopoly allegations
NBA legend Michael Jordan files lawsuit against NASCAR, challenging monopoly rules and protecting his $150 million 23XI Racing team.
Nigerian oil magnate Gabriel Ogbechie’s Eterna launches $14.9 million rights issue
Eterna launches a $14.9 million rights issue as Gabriel Ogbochie moves to strengthen the company’s finances and expand operations.
Nigerian billionaire Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
South African tycoon Barry Swartzberg's Discovery stake falls by $15 million
Barry Swartzberg’s Discovery stake falls $15 million as weak sentiment hits JSE financial stocks, thus cutting the insurer’s market capitalization.
South African banker Gerrie Fourie joins STADIO five months after Capitec exit
Gerrie Fourie, former Capitec CEO, becomes STADIO board director to boost student access nationwide.
Kenyan tycoon Ronald Karauri’s SportPesa backs local boxing again
SportPesa, led by Ronald Karauri, renews support for Kenyan boxing, backing local fighters and grassroots programs after six years away.
Nigerian magnate Aderemi Makanjuola’s Caverton unveils Nigeria’s first electric ferry
Caverton unveils Nigeria’s first electric ferry as Aderemi Makanjuola expands the group’s clean-energy push on Lagos waterways.
Nigerian billionaire Femi Otedola’s First HoldCo joins Microsoft to expand innovation in Africa
Femi Otedola’s First HoldCo partners with Microsoft to expand innovation and technology solutions across Nigeria and Africa.
Rasik Kantaria becomes Kenya’s first billionaire
Rasik Kantaria hits $1 billion as FMB Capital Holdings soars, marking a historic milestone in East Africa.
Nigerian oil magnate Gabriel Ogbochie’s stake in Eterna rebounds above $20 million
Richemont, controlled by South Africa’s Johann Rupert, posted $12.3 billion in half-year sales as strong jewelry demand and solid retail gains lifted results.
SA billionaire Johann Rupert’s Richemont posts $12.3 billion half-year sales
Richemont, controlled by South Africa’s Johann Rupert, posted $12.3 billion in half-year sales as strong jewelry demand and solid retail gains lifted results.
Africa's richest man, Aliko Dangote, to triple fertilizer output in Nigeria
Aliko Dangote aims to triple Nigeria’s fertilizer output to 9 million tons, expanding operations and boosting exports.
Nigerian billionaire Femi Otedola’s First HoldCo completes FBNQuest sale
First HoldCo, chaired by Femi Otedola, finalizes FBNQuest sale, streamlining operations and shifting ownership to EverQuest group.
Egyptian businessman Safwan Thabet’s Juhayna stake drops $71 million
Safwan Thabet’s stake in Juhayna fell by $71 million as shares slid on the Egyptian Exchange, trimming the food maker’s market cap this November.
Nicki Minaj’s $20 million home could be sold under court order
A judge may approve the sale of Nicki Minaj’s $20 million Hidden Hills home as she faces a court fight over a $503,318 debt.