Ivorian tycoon Jean Kacou Diagou reshapes NSIA banking arm
NSIA founder Jean Kacou Diagou reshuffles executives, elevating Gomez Konan and tightening governance as the bank readies new West Africa growth.
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Algerian tycoon Abderrahmane Benhamadi’s Condor enters Egyptian market under $1 billion expansion plan
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
South African billionaire Michiel Le Roux gains $1.1 billion from Capitec in 2025
Capitec Bank’s 2025 share rally lifted Michiel Le Roux’s stake by $1.1 billion, boosted by strong earnings and a firmer rand.
Inside Nigeria’s petrol price war: Sayyu Dantata’s MRS takes on NNPC with Dangote refinery fuel
Sayyu Dantata controlled MRS is selling petrol at 739 naira per litre, sharpening competition with NNPC across Nigeria’s retail market.
Tanzanian billionaire Rostam Aziz to invest $500 million in Zambia’s energy sector
Rostam Aziz’s Taifa Group plans to invest over $500 million in Zambia, targeting gas, solar power and mining to ease energy gaps.
Olugbenga Agboola's Flutterwave acquires open banking startup Mono for over $25 million
Flutterwave CEO Olugbenga Agboola says buying Mono ties payments and open banking together, aiming to unlock faster lending and safer account transfers.
Aliko Dangote's refinery loads 43 million liters, denies petrol shutdown
Dangote refinery loads 43 million liters of petrol, denies shutdown, and assures steady supply amid price fluctuations.
Three billionaires emerge on Malawi Stock Exchange in 2025
Three billionaires emerged on the Malawi Stock Exchange in 2025 after banking stocks surged and long-held stakes crossed the billion-dollar mark.
Nigerian investor Tope Lawani’s Helios completes Axxela stake sale to BlueCore
Helios Investment Partners has completed the sale of its majority stake in Nigeria’s Axxela to the BlueCore energy consortium.
South African billionaire Christo Wiese’s Premier Group targets $1.7 billion in revenue
South African billionaire Christo Wiese’s Premier Group aims for $1.7 billion revenue with RFG Holdings acquisition.
Nigerian industrialist Rasaq Okoya marks 86th birthday with free cancer screenings, health outreach in Lagos
Industrialist Razaq Okoya is celebrating his 86th birthday by sponsoring a week of free cancer screenings and health checks in Ajah, Lagos.
Egypt's Orascom Investment narrows nine-month loss as operating revenue jumps
Orascom Investment cut its nine-month loss as revenue surged, and a much stronger third quarter helped offset a weak first half.
Zimbabwean billionaire Strive Masiyiwa's Econet plans 300-hectare industrial park near Harare airport
Masiyiwa's Econet InfraCo says an industrial park near Harare airport, backed by solar power and a data centre, could speed investment and jobs.
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build slowly, honor values
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build steadily, honor values, and grow with patience and discipline.