Nigerian banker Segun Agbaje’s GTCO nine-month profit falls 12% to $463 million as funding costs surge
Nigerian banker Segun Agbaje’s GTCO posted a 12% drop in nine-month profit to $463 million, as funding costs jumped 28% and its tax bill rose.
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South African billionaire Johann Rupert's Heineken venture puts its wine brands under review
Heineken has put Nederburg, JC Le Roux and its other South African wines under review, three years after its Distell deal with Johann Rupert's Remgro.
Nigerian tycoon Taiwo Afolabi's SAHCO wins Air Algérie deal at Lagos, Abuja airports
SAHCO, the Nigerian airport services company controlled by tycoon Taiwo Afolabi, will handle Air Algérie's new Lagos flights and its existing Abuja service.
Nigerian billionaire Aliko Dangote in talks to supply fuel to Botswana
Botswana has held talks with Nigerian billionaire Aliko Dangote on fuel from his refinery, as the landlocked nation seeks new sources after a price shock.
South African tycoon Stephen Saad's Aspen to double factory profit to $100 million
Aspen Pharmacare, the drugmaker led by South African tycoon Stephen Saad, expects earnings from its factories to more than double this financial year.
Nigerian billionaire Aliko Dangote hires Spanish firm for $4 billion Ethiopia fertiliser plant
Técnicas Reunidas will supply two hydrogen reformers for the Ethiopian fertiliser plant of Nigerian billionaire Aliko Dangote, a project now costed at over $4 billion.
Nigerian tech entrepreneur Iyinoluwa Aboyeji launches AI startup to train 1 million engineers
Iyinoluwa Aboyeji, who co-founded Andela and Flutterwave, has launched Talent Nation, a startup that aims to supply African AI engineers to companies worldwide.
American billionaire Mark Zuckerberg faces shareholder lawsuit over Meta’s proposed stock restructuring
Mark Zuckerberg and Meta directors face a Delaware lawsuit challenging a share restructuring that could let the billionaire sell billions of dollars in stock while retaining control.
South Korean billionaire Lee Jae-yong marks four years as Samsung CEO with $81bn profit
South Korean billionaire Lee Jae-yong marked four years as Samsung chairman by touring its robotics unit, days before results showing an $81 billion quarterly profit.
TikTok billionaire Zhang Yiming becomes China's richest person with $99.7 billion
ByteDance founder Zhang Yiming is China's richest person again after his fortune jumped 43% to $99.7 billion on the back of the company's AI push.
American timeshare tycoon Stephen Cloobeck's mansion raided by FBI in Swalwell probe
FBI agents searched the Beverly Hills home of Diamond Resorts founder Stephen Cloobeck, a former backer of Eric Swalwell, in an investigation into the ex-congressman.
American tech billionaire Joe Lonsdale backs plan to breed 30,000 lab monkeys
Palantir co-founder Joe Lonsdale is backing Safer Human Medicine, a startup that wants to breed 30,000 monkeys in the US for medical research.
Dutch crypto billionaire Jean-Louis van der Velde becomes richest Dutchman with $29 billion
Bitfinex chief Jean-Louis van der Velde is the richest person in the Netherlands, worth $29 billion, twice as much as Heineken heiress Charlene de Carvalho-Heineken.
Indian billionaire brothers Shyam and Hari Bhartia's Coca-Cola bottler plans $1 billion IPO
Coca-Cola's biggest Indian bottler, 40% owned by billionaire brothers Shyam and Hari Bhartia, is preparing to file for a $1 billion IPO this week.
American LinkedIn billionaire Reid Hoffman gives $8.5 million to group airing Epstein ads
LinkedIn co-founder Reid Hoffman gave $8.5 million to House Majority PAC, the Democratic super PAC now attacking Republicans in ads built on the Epstein files.
Indonesian billionaire Prajogo Pangestu, four other tycoons lose $57 billion in stock rout
Indonesian energy billionaire Prajogo Pangestu and four other tycoons have lost about $57 billion since MSCI first warned it could downgrade Indonesia's stock market.