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Kenya's Auditor-General has flagged Jaswant Rai's 30-year Nzoia Sugar lease as opaque — no handover document, no asset valuation, no public lease contract.
Aliko Dangote unveils a 20,000MW power plan and a $20 billion dividend promise at the IFC; Ted Turner, the billionaire media maverick who founded CNN, has died at 87; and Kasapreko PLC launches a GH¢700 million IPO on the Ghana Stock Exchange.
Muhoho Kenyatta, son of Kenya's founding president Jomo Kenyatta, holds 227.3 million NCBA shares worth Sh20 billion ($153.8 million), the largest disclosed individual fortune on the Nairobi Securities Exchange.
Kenya's Auditor-General has flagged the 30-year lease of Nzoia Sugar to Jaswant Rai's West Kenya as opaque, saying no handover document or asset valuation was provided to auditors.
Ted Turner, the billionaire media maverick who founded CNN and revolutionised television news with the first 24-hour news channel, has died at 87.
Kasapreko PLC, the Ghanaian company behind Alomo Bitters, has launched a GH¢700 million IPO on the Ghana Stock Exchange to fund a new factory, coming off a 55% profit jump in Q1 2026.
Kola Karim's Arkad Engineering has won a $1 billion Algeria gas contract alongside Egypt's PETROJET for the Hassi Bir Rkaiz field, the biggest deal yet from his 2024 acquisition of the Italian EPC firm.
Mohamed Farouk's ADES International has secured a $92.7 million offshore drilling contract with Seplat Energy in Nigeria, bringing the company's cumulative Nigerian contract value to over $843 million since entering the market in 2025.
Sundar Pichai's Google is in talks with Blackstone, KKR and EQT to give their combined portfolio companies access to its AI models, as OpenAI and Anthropic move to lock up the same customer base first.
Mohammed Al-Amoudi's MIDROC has signed a master agreement with Dubai-based First Group Hospitality to develop 10 Marriott-branded hotels across Ethiopia between 2026 and 2031.
Nestoil's $2 billion bad debt has triggered a CBN dividend suspension at UBA, Access, and FCMB, signaling the end of post-2014 forbearance in Nigerian banking under Governor Cardoso.
Elon Musk has settled the SEC's lawsuit over his delayed Twitter disclosure, with a $1.5 million penalty marking the end of a three-year legal battle.
Aliko Dangote revealed plans for a 20,000MW power project, a $20 billion dividend promise to African investors and confirmed his refinery has been tested beyond its 650,000 barrel nameplate capacity.
Access Holdings will reduce equity stakes in foreign subsidiaries within 12 months after the CBN ordered Nigerian banks to limit overseas equity investments to 10% of shareholders' funds.
Nestoil's $2 billion bad debt forces the CBN to suspend dividends at UBA, Access, and FCMB; MTN Nigeria Q1 profit jumps 166 percent; GTCO's Segun Agbaje pivots toward payments, wealth, and ecosystem businesses; Al-Amoudi's MIDROC signs a 10-hotel Ethiopia deal with First Group Hospitality.
Tanzanian billionaire Rostam Aziz says his Sh16 billion Taifa Gas LPG terminal in Mombasa's Dongo Kundu SEZ will open in coming months, breaking a duopoly that controls 98% of Kenya's cooking gas imports.