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Two importers control 98% of Kenya's cooking-gas market. In months, Rostam Aziz's $130 million Mombasa terminal becomes the third door into the country — East Africa's largest LPG store.
Femi Otedola says his investment threshold is always above 51% and that he is on the same trajectory at First HoldCo, where he now holds 25.8%.
First HoldCo touched a record ₦137.20 on Monday, taking Femi Otedola's stake to about $1.18 billion, a paper gain of $106 million in four days.
Oando shares have fallen 28% since May despite a ₦44.53 billion quarterly profit, with liabilities still exceeding assets by ₦530 billion.
Magda Wierzycka owns 90,235,124 Sygnia shares worth about $177 million, and told a rich-list compiler that Wendy Appelbaum is South Africa's wealthiest woman.
Mary Oppenheimer Slack and her three daughters have disclosed more than R100 million in donations to South African political parties since disclosure became law.
Aliko Dangote has signed an $800 million agreement with China's Sinoma to double capacity at his Itori cement plant in Ogun State to 12 million tonnes.
Rostam Aziz's Taifa Gas is finishing a $130 million Mombasa terminal set to break a cooking gas market where two importers control 98% of supply.
Muhammadu Indimi has applied to be joined personally in the appeal against a $43.51 million judgment his twin daughters won from Oriental Energy.
Presco will invest an initial $200 million in Ondo State to build oil palm plantations, a processing mill and a refinery, its chief executive said.
Simon Rudland has commissioned a $25 million citrus processing plant at Beitbridge that will supply juice to Schweppes Zimbabwe and export markets.
Robert Kirubi and Mary-Ann Musangi will take about $1.25 million from Centum's record dividend through the 31% stake inherited from their father.
Botswana's competition regulator has opened Ramachandran Ottapathu's bid for 70% of Engen Botswana to public submissions before reaching a decision.
Kenya's High Court has held media mogul SK Macharia in contempt for breaching orders in the long-running Directline Assurance ownership dispute.
Angola turned an asset it seized from Isabel dos Santos into the largest IPO in its history. And Patrice Motsepe's near-billion-dollar platinum bet drew a rare vote of doubt, as the market marked his miner down 21% while its rivals rose.
Paul Obambi bought the iron-ore project a South African major had given up on, then spent a decade chasing the one thing that would make it worth anything: a 450-kilometre railway to the ocean.