Nigerian billionaire Femi Otedola to receive $1.6 million dividend from FirstHoldco
Otedola, chairman of FirstHoldCo and Geregu Power, holds an 11.8% stake in the Lagos-based financial group.
Naguib Sawiris’ Ora Developers expands presence with new Dubai office
This highlights the company's commitment to regional expansion and aligns with the UAE's vision for sustainable, growth-driven urban development.
Peter Munga loses bid to block Britam shares auction over $3.35 million loan
The bank seeks to recover $3.35 million in loans owed by Equatorial Nut Processors, controlled by Munga.
Anas Sefrioui, Moroccan billionaire, eyes English football club
If the deal goes through, Sefrioui would join Nassef Sawiris as one of few African billionaires with stakes in English football.
Tensions rise in Nigerian billionaire Indimi family over oil fortune
Indimi family feud deepens as Mohammed Indimi’s eldest son challenges sisters’ $435 million dividend claim over Oriental Energy shares.
Kevin Hart’s tequila brand ups small business grant to $1.5 million
Kevin Hart’s tequila brand expands commitment to $1.5 million for entrepreneurs in under-resourced communities across the U.S. and Mexico.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Paul Fokam’s Afriland facilitates $1.2 billion agricultural deal in Bangui
The deal, signed in Bangui, aims to develop 30,000 hectares for large-scale cassava and sugarcane farming and processing.
Femi Otedola leads FirstHoldCo to $660 million earnings in 2024
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
Michiel Le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
Herbert Wigwe, Aig-Imoukhuede co-own $64 million stake, report shows
Amid a high-stakes estate dispute, new disclosures reveal Herbert Wigwe and Aigboje Aig-Imoukhuede share a $64.5 million stake in Access Holdings.
Masiyiwa loses $600 million but pushes ahead with Africa’s first AI factory
His net worth has fallen to $1.2 billion, down from $1.8 billion in January, part of a steady slide since 2022, when his fortune peaked at $3 billion.
Abdul Samad Rabiu’s BUA to build gas power plant for LNG project
The new plant will power BUA’s LNG project, boosting energy efficiency and ensuring a dedicated supply.
Aliko Dangote loses $800 million amid fresh naira weakness
This comes despite global interest in his $20 billion Dangote Oil Refinery, one of Africa’s most ambitious projects.
Samuel Dossou-Aworet-backed Tullow strikes $120 million deal to exit Kenya
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.