Employees allege unpaid work as Diddy serves federal sentence
Employees claim unpaid work as Sean “Diddy” Combs serves 50-month federal sentence; a third-party firm now reviews expenses.
Nigerian logistics tycoon Taiwo Afolabi maps SIFAX expansion across West Africa
Nigerian logistics tycoon Taiwo Afolabi outlines SIFAX Group’s 2026 strategy, focusing on technology, execution and expansion across West Africa.
Ethiopia’s richest man Mohammed Al-Amoudi brings Carrefour into Ethiopia
Ethiopia’s richest man, Mohammed Al-Amoudi, brings Carrefour to 13 Midroc stores, marking the retailer’s first physical presence in Ethiopia.
Black billionaire Robert F. Smith sees next AI growth in private software companies
Robert F. Smith sees private software companies driving the next wave of AI growth, with Vista Equity at the forefront.
Kevin Hart becomes shareholder in $32 billion Authentic Brands Group
Kevin Hart joins $32 billion Authentic Brands Group as shareholder, expanding his global media, lifestyle, and fitness ventures.
Nigerian oil mogul Mohammed Indimi gains $22 million from Jaiz Bank stake in 2025
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.
Aliko Dangote’s $20 billion refinery warns fuel prices may double in Nigeria
Dangote Refinery says petrol prices could rise to N1,400 per liter if Nigeria relies on imports instead of local refining.
Nigerian energy tycoon Tope Shonubi's Sahara Group plans 7,000 MW expansion
Sahara Power targets 6,500 to 7,000 megawatts in three to five years, backed by policy reforms, debt repayment and new energy investments.
Idrissa Nassa opens $1.33 million amphitheater in Burkina Faso
Burkinabe businessman Idrissa Nassa opens a $1.33 million amphitheater to enhance education and professional training.
Algerian tycoon Abderrahmane Benhamadi’s Condor enters Egyptian market under $1 billion expansion plan
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
South African billionaire Michiel Le Roux gains $1.1 billion from Capitec in 2025
Capitec Bank’s 2025 share rally lifted Michiel Le Roux’s stake by $1.1 billion, boosted by strong earnings and a firmer rand.
Tanzanian billionaire Rostam Aziz to invest $500 million in Zambia’s energy sector
Rostam Aziz’s Taifa Group plans to invest over $500 million in Zambia, targeting gas, solar power and mining to ease energy gaps.
Three billionaires emerge on Malawi Stock Exchange in 2025
Three billionaires emerged on the Malawi Stock Exchange in 2025 after banking stocks surged and long-held stakes crossed the billion-dollar mark.
South African billionaire Christo Wiese’s Premier Group targets $1.7 billion in revenue
South African billionaire Christo Wiese’s Premier Group aims for $1.7 billion revenue with RFG Holdings acquisition.