Indimi sons back father in explosive $435 million oil battle with sisters
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares
The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.
Rihanna brings Fenty Beauty to Saint Lucia, expands Caribbean presence
The launch drew a crowd of beauty lovers eager to explore the brand’s offerings, which include Fenty Beauty, Fenty Skin, and Fenty Eau de Parfum.
Johann Rupert, South Africa’s richest man, gains $200 million in a week
This increase pushes his total wealth growth for the year to $2.72 billion, up from $2.52 billion just a few days ago.
Nigerian billionaire Femi Otedola pursues bigger stake in First Bank’s parent company
Sources familiar with the matter say both Otudeko and Odukale, have agreed to sell their shares to Otedola at N31 ($0.02) apiece.
Mary-Ann Musangi’s HACO Industries completes second phase of solar expansion
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
South African billionaire Nicky Oppenheimer’s net worth surges $2.1 billion
Nicky Oppenheimer’s net worth surged $2.1 billion to $12.2 billion, reversing the earlier dip near $10 billion.
Aliko Dangote plans to list Africa’s largest fertilizer plant this year
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."
Power meeting in Accra: Mike Adenuga holds talks with President Mahama
While details of their conversation were kept private, aides on both sides confirmed the visit, with Adenuga returning to Lagos that same evening.
Britam, backed by Kenya’s Elite, buys $5.9 million stake in Nigerian reinsurer
The group invested $5.9 million through its wholly-owned unit, Britam Life Assurance Company (Kenya), to acquire a 30 percent stake in Continental Re Kenya.
Rihanna loses $400 million, but net worth stays above $1 billion
According to Forbes, which recently updated its estimate of her net worth, Rihanna’s wealth has dropped from $1.4 billion to $1 billion.
Billionaire Michael Lee-Chin’s firm to issue $300 million international bond
NCBFG, led by Michael Lee-Chin, plans a $300 million bond to repay debt and boost sustainable growth. Fitch rates it B+.
Steph Curry’s business ventures earn $174 million in annual revenue
Steph Curry’s Thirty Ink generated $174M revenue in 2024, driven by profitable divisions and Under Armour partnership.
Ally Awadh’s Lake Gas receives Nigerian cooking gas shipment to cut prices in Kenya
Lake Gas, led by Ally Awadh, lands Nigerian LPG at Kenya’s Vipingo terminal to lower prices and boost East Africa’s clean energy supply.
Femi Otedola calls Dangote Refinery 'eighth wonder' during President Tinubu visit
Femi Otedola praises Dangote Refinery as the “eighth wonder” during President Tinubu’s visit, highlighting Nigeria’s industrial rise and investor confidence.