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Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
First HoldCo shares hit a record N105.50 on Monday, lifting Femi Otedola's stake past $700 million after a 120 percent rally this year.
Jannie Durand has earned R227.6 million running Johann Rupert's Remgro since 2012, with his largest pay packages arriving in 2022 and 2023.
BUA Foods, controlled by billionaire Abdulsamad Rabiu, has begun the largest expansion in its history, entering the noodles market and scaling wheat milling capacity.
Afriland First Bank, founded by Cameroonian billionaire Paul Fokam, has become the first Cameroonian lender to open in Central African Republic, targeting a largely unbanked market.
Ugandan tycoon Charles Mbire says he resigned from Kampala Cement's board over unauthorised transactions three years before the $82 million-indebted cement maker collapsed.
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
SpaceX will test laser links between new Starlink satellites and ground stations in South Africa, the one African market where Starlink cannot legally sell service.
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
World Wide Technology, David Steward's St. Louis tech giant, has won a $230 million contract to modernize the US Army's IT infrastructure.
Michael Lee-Chin's Portland Holdings has signed a new agreement with Turkish firm Nuclean to cooperate on Turkey's growing nuclear-energy sector.
A US judge has approved Pretoria-born Elon Musk's $1.5 million settlement with regulators over the late disclosure of his 2022 Twitter stake.
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.