Billionaire Idrissa Nassa's Coris Bank in Burkina Faso hits $1.85 billion market value
Coris Bank International Burkina Faso reached 1,040 billion CFA francs on Sept. 2, up 201% this year, after first-half profit rose 24%.
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South African billionaire Patrice Motsepe's ARM faces a fresh appeal in $195 million case
A Tanzanian judge struck out Pula's $195 million claim against Patrice Motsepe on Aug. 7 without ruling on the merits. Pula has now appealed.
South African property tycoon Sharon Wapnick resigns from Nutun board after six years
Octodec chairman Sharon Wapnick resigns as a Nutun director and remuneration committee chair, effective Sept. 30, after six years on the board.
Aliko Dangote says his $5 billion refinery IPO opens within twelve days
Aliko Dangote told investors in Botswana that the refinery's IPO opens within 12 days, seeking about $5 billion in what would be Africa's largest.
Everton's billionaire owners are looking for new investors after 20 months
The Friedkin Group is working with advisers on an Everton stake sale, less than two years after paying more than £400 million for the club.
Capitec, founded by billionaire Michiel le Roux, lists on a second South African exchange next week
Capitec takes a secondary listing on A2X from Sept. 7, in the same week JPMorgan began trading on the alternative South African exchange.
Billionaire Joesley Batista lobbied Trump to ease Brazil beef tariffs
Brazilian billionaire Joesley Batista reportedly met Donald Trump days before the U.S. president moved to temporarily ease tariffs on beef imports, a decision that could benefit Batista's JBS.
Dangote Cement, Nestlé Nigeria and First HoldCo are joining the FTSE frontier index
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, First HoldCo and MTN Nigeria.
Elon Musk tells G20 leaders AI will add $20 to $30 trillion a year to the global economy by the end of 2027
Elon Musk told G20 leaders meeting in North Carolina that artificial intelligence will add between $20 trillion and $30 trillion to the global economy every year, while Wall Street skeptics warn nobody has yet proven the returns justify the spending.
Jeff Bezos is hiring Amazon's satellite engineers into Blue Origin
Jeff Bezos chairs Amazon and owns Blue Origin outright. His private space company has hired at least 47 engineers away from Amazon's satellite unit to build a satellite network that competes with it.
Lee Su-jin cleaned love hotel rooms at 23 and is worth $1.6 billion at 48
Lee Su-jin scrubbed motel rooms at 23. Today his travel platform Yanolja is worth $6.7 billion and he is worth $1.6 billion.
The man who sold Wiz to Google for $32 billion is now backing a scam-fighting startup
Assaf Rappaport, who sold Wiz to Alphabet for $32 billion in March, has invested in Guardio in a round valuing the Israeli startup at $1.1 billion.
Eduardo Saverin was pushed out of Facebook and is now worth $32.4 billion
Bloomberg puts Eduardo Saverin at $32.4 billion, making him Brazil's wealthiest person and Singapore's richest resident, on a 2% stake in Meta.
Botswana wants Aliko Dangote to build its cement, and its rail line, and more
President Duma Boko told Aliko Dangote in Gaborone that Botswana wants big-ticket projects, and pointed to a Trans-Kalahari rail line starting soon.
Why billionaire-controlled BUA, UBA, and Seplat missed FTSE’s Nigeria re-entry
FTSE Russell restored Nigeria to its Frontier Market Index, but billionaire-led giants like BUA, UBA, and Seplat were left off the list.