Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
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Two years after buying Nigerian billionaire Ogunlesi’s GIP, BlackRock hits $14 trillion
Two years after acquiring Adebayo Ogunlesi’s GIP, BlackRock reaches $14 trillion in assets, driven by record inflows and ETF demand.
Cameroonian President Paul Biya leans on billionaire Baba Danpullo to restart talks with rival Tchiroma after disputed election
Cameroon’s leadership is leaning on tycoon Baba Danpullo to quietly reconnect President Paul Biya with rival Issa Tchiroma Bakary.
Senegalese billionaire Yerim Sow launches LYNEA as Teyliom expands Dakar housing push
Yerim Sow’s Teyliom Properties has launched LYNEA and is pushing ahead with more Senegal housing projects aimed at families and diaspora investors.
Saudi-Ethiopian billionaire Mohammed Al Amoudi lines up $80 million IFC loan for Sheraton Addis refurbishment
IFC is weighing an $80m loan to refurbish Sheraton Addis, backing Mohammed Al Amoudi’s MIDROC as Ethiopia pushes conference tourism.
Moroccan multimillionaire Chakib Alj looks to acquire struggling flour miller Forafric
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.
MTN, led by Zimbabwean executive Ralph Mupita, drawn into Iran shutdown
MTN, led by Zimbabwean executive Ralph Mupita, is caught in Iran’s internet shutdown after officials replaced its local chief without notice.
Nigerian billionaire Arthur Eze’s Atlas Oranto cites $45 million investment before Senegal license loss
Atlas Oranto spent $45 million on Senegal exploration and staff training before the government revoked its offshore license.
Kenyan businessman Ahmed Hashi's Hashi Energy loses bid to introduce new evidence in $55.7 million tax case
Kenyan fuel trader Hashi Energy lost a bid to add new evidence in its $55.7 million tax dispute with Kenya’s revenue authority.
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
Shoprite, partly owned by Christo Wiese, hits 100th solar site, seeks new partners
Shoprite reaches its 100th solar site in South Africa, boosting renewable power while seeking new energy wheeling partners.
Safaricom, led by Peter Ndegwa, wins central bank approval for 15% stake sale
Safaricom, led by Peter Ndegwa, wins CBK approval to sell 15% of government stake, raising $1.6 billion for Kenya’s treasury.
Aliko Dangote’s refinery benefits as Europe, U.S. shut fuel plants
Aliko Dangote’s refinery gains global importance as U.S. and European shutdowns tighten fuel supply in the Atlantic Basin.
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
Ugandan billionaire Sudhir Ruparelia kicks off Kingdom Kampala expansion with 21-storey tower and helipad
Ugandan tycoon Sudhir Ruparelia is moving ahead with phase two of Kingdom Kampala, anchored by a 21-storey tower and rooftop helipad.
How Nigerian businessman Denzel Henry Akogwu built Elipse International Ltd into one of Africa’s Rising Mining and Mineral Powerhouses
Elipse International Ltd is a leading Nigerian indigenous mining and mineral trading company offering integrated exploration, processing, testing, logistics, and export.