Kenyan billionaire Narendra Raval says leaders tried to move $539 million cement plant
Kenyan billionaire Narendra Raval says leaders pressured him to move his $539 million Kitui cement plant, as President William Ruto laid its foundation stone.
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American billionaire Elon Musk’s SpaceX could get up to $120.5 billion from Anthropic
Anthropic’s IPO filing shows it agreed to spend up to $120.5 billion with SpaceX on compute through 2029, cancellable after early 2027.
Nigerian billionaire Aliko Dangote's cement company posts $714 million nine-month profit
Nigerian billionaire Aliko Dangote’s Dangote Cement lifted nine-month profit 31% to $734 million as finance costs fell 58% and its shares extended their rally.
American billionaire David Grain's firm sells airwaves to SpaceX for $8 billion
Grain Management, founded by African-American billionaire David Grain, is selling its nationwide 800 MHz airwaves to SpaceX for about $8 billion to power Starlink Mobile.
Indian billionaire Mukesh Ambani’s Jio jumps 21% in record debut, becoming India’s second most valuable company
Indian billionaire Mukesh Ambani’s Jio Platforms opened 21% above its IPO price, valuing it at about $131 billion and making it India’s second most valuable company.
American billionaire Ken Griffin gives $5 million more to Byron Donalds as Florida governor race tightens
American billionaire Ken Griffin has given another $5 million to a PAC backing Byron Donalds, bringing his support for the Florida governor bid to $15 million.
Malagasy tycoon Mamy Ravatomanga’s Boeing-to-Iran trial delayed again as Madagascar awaits US evidence
The Madagascar trial over five Boeing 777s flown to Iran, which names Malagasy tycoon Mamy Ravatomanga, has been postponed again to Nov. 5.
South Africa's Gupta brothers' Johannesburg mansions back on sale at 62% discount
Two Johannesburg mansions at the heart of South Africa's state-capture scandal are back on the market for R22 million after an earlier sale collapsed.
Billionaire Aliko Dangote's Kenya pipeline stake hits $436 million as Ruto slams critics
Kenya's President William Ruto called critics of Aliko Dangote's Kenya Pipeline deal extortionists, as the shares rallied again and lifted the stake to $436 million.
Zimbabwean billionaire Strive Masiyiwa's Cassava to sell Anthropic's Claude AI in Africa
Cassava Technologies, the digital infrastructure group founded by Zimbabwean billionaire Strive Masiyiwa, will resell Anthropic's Claude AI models to businesses across Africa.
Nigerian billionaire Tony Elumelu's Transcorp posts $82 million nine-month profit
Tony Elumelu's Transcorp, the Nigerian power and hotels group, posted ₦111.4 billion pre-tax profit in nine months as its cash pile more than doubled.
Nigerian oil tycoon Ernest Azudialu-Obiejesi's Nestoil pays lenders another $40 million
Ernest Azudialu-Obiejesi's Nestoil has paid its lenders another $40 million under an EFCC-brokered plan, taking total repayments to $100 million.
Kenyan billionaire John Kibunga Kimani wins Supreme Court ruling in Sh205 million land dispute
Kenyan billionaire John Kibunga Kimani has secured another legal victory after Kenya’s Supreme Court struck out an appeal over a Sh205.3 million land sale, leaving an earlier ruling in his company’s favour intact.
Tanzanian billionaire Edha Nahdi readies $250 million Kenya plant to take on rival tycoon Narendra Raval
Tanzanian billionaire Edha Nahdi’s Bamburi Cement is set to break ground with President William Ruto on a $250 million clinker plant in Kenya’s Kwale County.
Nigerian billionaire Aliko Dangote's $1.6 billion refinery IPO draws investors from 119 countries
Orders from Nigerian and retail investors alone have covered the $1.6 billion target of Aliko Dangote's refinery IPO, as foreign buyers seek stakes.
Nigerian billionaire Aliko Dangote's cement company hits $15 billion market value
Dangote Cement crossed ₦20 trillion in market value for the first time after a 10% jump, adding about $1.2 billion to Aliko Dangote's stake.