Fidelis Ayebae retires as Fidson CEO after building Nigerian drugmaker into $66 million giant
Ayebae steps down as Fidson CEO after 30 years; firm posts $3.97 million profit and plans $20 million capital raise.
Black billionaire Robert F. Smith’s Vista targets $200 million savings through loan market pivot
Robert F. Smith’s Vista Equity pursues $200 million savings by swapping costly private debt for syndicated loans.
British executive David Bird named CEO of Aliko Dangote’s $20 billion refinery
David Bird takes over $20 billion Dangote refinery as output rises and plans for public listing take shape in Nigeria.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts nearly $600 million in half-year revenue
BUA Foods posts $596 million revenue, $169.8 million profit in H1 2025 as sugar, flour, and pasta drive strong gains.
Luxury Cape Town home once owned by Markus Jooste goes on sale for $5.8 million
A luxury estate once owned by Markus Jooste, the late CEO at the center of South Africa’s biggest corporate fraud, is up for sale in Hermanus for $5.8 million.
Palantir, led by Black billionaire Alex Karp, lands $10 billion U.S. Army contract
Palantir lands $10 billion U.S. Army contract as CEO Alex Karp drives AI-powered defense modernization.
South African billionaire Jannie Mouton gains $52 million from Capitec stake
Capitec Bank's stock rally boosts Mouton's fortune, reinforces bank’s status as Africa’s leading retail bank.
Seplat, co-founded by Austin Avuru, reports nearly $1.4 billion in half-year revenue
Seplat Energy posts $1.4 billion H1 2025 revenue, up 231%, as oil sales soar; profit falls 45% on tax bill and rising admin costs.
Africa’s richest man, Aliko Dangote, nears $29 billion fortune as refinery listing looms
Dangote nears $29 billion net worth with refinery listing plans and strong gains in cement, sugar, and energy.
Kenyatta family took in up to $22 million in 2022 from Nairobi Expressway build
The Kenyatta family earned up to $22 million in 2022 from land and sand deals during the $682 million Nairobi Expressway construction, records show.
Zimbabwean tycoon Ken Sharpe’s WestProp begins work on $4 billion smart city in Harare
Conoil Producing extends its partnership with Shelf Drilling through 2027 to advance offshore work, following the launch of its Obodo crude grade.
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.