Nigerian billionaire Aliko Dangote could list his refinery in South Africa after Nigeria IPO
The Johannesburg Stock Exchange says it has engaged Dangote Group and hopes to bring the refinery listing to South Africa after its Nigerian IPO.
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Kenyan tycoon Muhoho Kenyatta pockets $6.6 million as NCBA lifts dividend by half
Muhoho Kenyatta collects roughly $6.6 million from NCBA's interim dividend, months before Nedbank completes its takeover of the bank his family has long backed.
Capitec CEO Graham Lee says 'excitingly low' market share signals massive growth runway ahead
Capitec CEO Graham Lee says the bank's low market share in key segments is not a weakness but a sign of how much room it still has to grow.
Patrice Motsepe stands by Infantino as FIFA president faces crisis over collapsed $4.2 billion deal
Billionaire Patrice Motsepe is standing firm behind FIFA president Gianni Infantino as a $4.2 billion World Cup deal collapse triggers a global leadership crisis.
Coke Florida founder Troy Taylor renews $350 million credit line
Coke Florida, one of the largest Black-owned businesses in America, has renewed a $350 million credit facility that banks oversubscribed.
Ghanaian tycoon Sam Jonah takes Nigeria to arbitration over $500 million Abuja property
Sam Jonah's JonahCapital has begun arbitration against Nigeria at the ICC in Paris over the termination of a lease on 501 hectares of Abuja land.
Moroccan tycoon Chakib Alj has taken control of Forafric Maroc's flour and pasta brands
Chakib Alj's Cap Holding has completed its takeover of Forafric Maroc, adding the Tria and Maymouna brands to Morocco's largest milling group.
Billionaire Sheila Johnson has sold her Arlington home for $3.15 million in a private sale
Sheila Johnson, the BET co-founder and Salamander Hotels chief executive, has sold her Arlington home for $3.15 million in a private transaction.
Billionaire Nicky Oppenheimer sold 40% of De Beers for $5.1 billion. All of it now fetches $1 billion
Nicky Oppenheimer sold the family's 40% stake in De Beers for $5.1 billion in 2011. Anglo is now selling 85% of it for about $1 billion.
Johann Rupert's Remgro is building the market that ends Eskom's 103-year monopoly
Energy Exchange of Southern Africa, created by Johann Rupert's Remgro, is building the trading platform for a fully liberalised South African electricity market.
Nigerian entrepreneur Ladi Delano sold Chinese vodka, then built a $2.1 billion mobility company
Ladi Delano sold a Chinese vodka brand, announced a $1 billion Nigerian mining venture that never materialised, and has now raised $250 million for Moove.
Zimbabwe's wealthy Levy family is fighting in court over Harare's best-known shopping village
The wealthy Zimbabwean family behind Harare's best-known shopping village is fighting in court over unpaid dividends and a $15 million debt.
A vehicle that bought First HoldCo shares at ₦31 is selling them at ₦110
RC Investment Management is selling 10.4 billion First HoldCo shares at ₦110, having bought them at ₦31 last year. The bank receives no proceeds.
Forbes counts one Tanzanian billionaire, but three others are writing nine-figure cheques
Forbes lists one Tanzanian billionaire. Three others have committed hundreds of millions to acquisitions in the past two years, exceeding their published valuations.
Jens Montanana's Datatec makes fourth acquisition of the year with New Mexico deal
Datatec's Logicalis USA has acquired Loial, a New Mexico cybersecurity provider, in the group's fourth acquisition since January. No price was disclosed.
Ivorian billionaire Jean Kacou Diagou's foundation to fund schools the government will run
The NSIA Foundation, part of Jean Kacou Diagou's banking and insurance group, will finance school building in Côte d'Ivoire while the state supplies staff.