BEE created Black billionaires in South Africa, but it did not create black prosperity
South Africa's BEE policy created black billionaires like Patrice Motsepe and Cyril Ramaphosa, but left tens of millions behind.
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Meet Phillip Ihenacho, the Nigerian businessman who built "Africa's most beautiful house"
Nigerian businessman Phillip Ihenacho spent a decade building Arijiju on Kenya's Borana Conservancy. Conde Nast called it the most beautiful house in Africa.
Tycoon Emeka Offor donates 181,000 medical books to Nigerian universities
Sir Emeka Offor's foundation has shipped 10 containers of medical and nursing books from the United States to Nigerian tertiary medical institutions nationwide.
Kenyan beer tycoon Ngugi Kiuna wins $11.4 million guarantee in Heineken battle
A Nairobi court has ordered Heineken to post a Sh1.47 billion bank guarantee before it can appeal the Sh1.8 billion award to Ngugi Kiuna.
Yale taps Ghana's Togbe Afede XIV to chair its global advisory council
Yale School of Management has appointed Ghanaian billionaire and paramount chief Togbe Afede XIV as chair of its Council of Global Advisors effective Feb. 16, 2026.
Moncef Belkhayat's One Retail buys Moroccan coffee chain Dahab as it targets $107 million in revenue
Moncef Belkhayat's One Retail has acquired 100% of Dahab, Morocco's coffee chain with 104 outlets, targeting MAD 1 billion in 2026 revenue.
Dangote Cement sells 10% of Senegal unit to government
Dangote Cement has sold 10% of its Senegal subsidiary to the government in Dakar as revenues at the plant fell 21% in 2025.
Billionaire TY Danjuma's SAPETRO donates N1 billion to Lagos security fund
TY Danjuma's oil company SAPETRO has donated N1 billion to the Lagos State Security Trust Fund, one of the largest single private-sector contributions in recent years.
Kenyan court issues arrest warrant for cement mogul Benson Ndeta over $35 million Absa Bank fraud
A Nairobi magistrate has issued arrest warrants for Benson Ndeta and his co-accused after they failed to appear on Sh4.5 billion fraud charges.
Ghanaian tycoon Ibrahim Mahama turns his old jet into free air ambulance
Ibrahim Mahama has donated his former private jet to Ghana as a free emergency air ambulance after taking delivery of a new $70 million aircraft.
Robert F. Smith's Vista doubles down on aviation software with fresh investment in Portside
Robert F. Smith's Vista Equity Partners is deepening its bet on aviation software company Portside and installing a new chief executive to lead its expansion.
Billionaire Naguib Sawiris says Iran's attacks on the UAE are a war against freedom and progress
Egyptian billionaire Naguib Sawiris says Iran's attacks on the UAE go beyond military strikes and target freedom and a way of life.
Tycoon Robert Gumede's Vision Group is at the center of a fight that could kill South Africa's biggest sugar company
Robert Gumede's Vision Group holds R11.7 billion of Tongaat Hulett's debt, and a Durban court must now decide if the 134-year-old sugar company lives or dies.
Chakib Alj files to take control of Forafric Maroc in deal that reshapes Morocco's flour industry
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Johann Rupert's Reinet is selling its UK pension firm for R65 billion and investors wonder what comes next
Johann Rupert's Reinet has cleared its last regulatory hurdle in the R65 billion sale of UK pension firm PIC, with completion set for March 27.
Tycoon Paul Fokam's Afriland First Bank is losing a $116.9 million battle in Congo
Afriland First Bank's Congo unit has $116.9 million in negative equity and its Cameroonian owner says the state took the bank without paying for it.