Nigerian agribusiness tycoon John Alamu’s Johnvents set for $72 million World Bank loan
The World Bank's private-sector arm plans to lend $72 million to John Alamu's Johnvents for new sesame and cashew processing plants in West Africa.
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Australian billionaire Shaun Bonett’s Precision Group wins approval for $300 million Brisbane hotel tower
Shaun Bonett’s Precision Group has cleared approval for a 51-storey, 284-room luxury hotel in Brisbane’s CBD, with an eye on the 2032 Olympics.
German billionaire heir Max Viessmann buys $281 million stake in Bayern Munich Meta
Max Viessmann's family investment firm is taking a 6.7% stake in Bayern Munich, joining Adidas, Allianz and Audi as shareholders in Germany's biggest club.
American billionaire Elon Musk invests $1 billion in Hollywood giant Skydance
Elon Musk has invested about $1 billion in Skydance, giving the debt-heavy owner of Paramount and Warner Bros. fresh cash as it cuts costs.
Nigerian billionaire Aliko Dangote’s refinery IPO could boost active investors fivefold, NGX Group CEO says
Aliko Dangote’s $1.6 billion refinery IPO could increase Nigeria’s active investor base by threefold to fivefold, Nigerian Exchange Group CEO Temi Popoola says.
South African billionaire Johann Rupert's Reinet names longtime financial manager as CFO
Reinet Investments, the investment firm led by South African billionaire Johann Rupert, has appointed Raymond Hyman as chief financial officer from January 2027, succeeding Diane Longden.
Nigerian billionaire Aliko Dangote grooms three daughters to run his $58 billion empire
Africa's richest man is handing more of his empire to his three daughters as a refinery IPO lifts his fortune toward $58 billion.
South African billionaire Rob Hersov's bitcoin firm hit by shareholder dispute
Africa Bitcoin Corporation, backed by South African billionaire Rob Hersov, will not hold a proposed shareholder meeting after investors withdrew their demand for new directors.
American billionaire Mark Zuckerberg commits to California for 8 years in Meta deal
Mark Zuckerberg has struck an eight-year residency deal with Meta as California's proposed billionaire wealth tax threatens to cost him billions.
Tanzania’s youngest billionaire Edha Nahdi’s $230 million Oryx deal triples his fuel storage
Edha Nahdi started a fuel company at 19. His Amsons Group is now paying $230 million for Oryx's Tanzanian fuel business after two Kenyan takeovers.
South African banker Sim Tshabalala's Standard Bank stake is now worth $13.5 million
Sim Tshabalala has run Standard Bank since 2013. His 753,724 shares in Africa's largest lender are worth $13.5 million ahead of his 2027 retirement.
Madagascar's richest man Ylias Akbaraly eyes $450 million Nigeria TV deal
Ylias Akbaraly’s Thomson Broadcast is counting on Emmanuel Macron’s state visit to Nigeria to clinch a contract to rebuild the country’s TV and radio network.
Filipino billionaire Tony Tan Caktiong plans $102 million hotel near Egypt's pyramids
Hotel101, backed by Jollibee founder Tony Tan Caktiong, is entering Africa with a 750-room hotel near the Giza pyramids, one of Cairo's largest.
Portuguese billionaire footballer Cristiano Ronaldo eyes 20% stake in Saudi club Al Nassr
Cristiano Ronaldo is expected to take 20% of Al Nassr if a group led by AC Milan owner RedBird Capital buys the Saudi club.
Nigerian oil tycoon Leemon Ikpea donates 62-bed hospital to his hometown
Nigerian oil services tycoon Leemon Ikpea has donated a 62-bed hospital to Ewatto, his hometown in Edo State, run with a federal teaching hospital.
American billionaire Dan Gilbert pledges $1 billion to redevelop Detroit’s Renaissance Center
American billionaire Dan Gilbert is committing $1 billion to redevelop Detroit’s Renaissance Center and surrounding riverfront through a nonprofit model.