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.
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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.
Indian billionaire Mukesh Ambani discusses energy and data centres with Marco Rubio
Mukesh Ambani hosted Marco Rubio at Reliance’s Jamnagar complex, where they discussed energy investments, data centres and potential US partnerships.
Egyptian billionaire Naguib Sawiris launches own hotel brand with $112 million Mykonos resort
Egyptian billionaire Naguib Sawiris is passing over global hotel chains and launching his own ultra-luxury brand, starting with a €100 million resort on Mykonos.
Zimbabwean billionaire Kudakwashe Tagwirei gets boost as party pushes succession to 2029
Zimbabwe's ruling party pushed its leadership vote to 2029, a setback for Vice President Chiwenga as fuel and mining tycoon Kuda Tagwirei's political rise continues.
Madagascar billionaire Hassanein Hiridjee’s AXIAN lands $62 million for Ivory Coast solar plant
A solar plant in northern Ivory Coast co-owned by Hassanein Hiridjee's AXIAN has secured up to €55.5 million in 20-year loans from Dutch lender FMO.
American AI billionaire Dario Amodei's Anthropic posts $16.3 billion first-half revenue
Dario Amodei's Anthropic grew revenue nearly fifteenfold in the first half, its draft IPO filing shows, ahead of a listing that could top $1.5 trillion.
Spanish golf star Jon Rahm gives up £75 million to leave LIV Golf
Jon Rahm is forfeiting about £75 million still owed on his LIV Golf contract in a separation deal that frees him to play elsewhere.
American media billionaire John Malone predicts $10 billion Musk-Ellison deal for Skydance
John Malone expects Elon Musk's SpaceX to strike a global content deal with Skydance and invest up to $10 billion to help cut its debt.
Indian billionaire Azim Premji leads $105 million bet on AI small-business lender
Premji Invest, the family office of Wipro founder Azim Premji, is leading a ₹1,000 crore investment in Vegafin, which is buying small-business lender Bizloan.
Nigerian music star Burna Boy launches $180 sneakers with Federer-backed brand On
Burna Boy's first sneaker collection with On, the Swiss brand backed by Roger Federer, goes on sale this week with three shoes up to $180.
Indian billionaire Gautam Adani loses race for $13 billion UK ports group
Indian billionaire Gautam Adani's ports company has lost the race for Associated British Ports, which an Australian fund is buying at a £10 billion valuation.
Russian billionaire Roman Abramovich faces Cyprus police probe over his offshore fortune
Cyprus police have opened an investigation into how former Chelsea owner and Russian-Israeli billionaire Roman Abramovich's assets were managed through companies on the island.