NCBA, backed by Kenya’s wealthiest families, faces $3 million tax blow
NCBA faces a $3 million tax setback after a Kenyan court upheld a ruling voiding its 2019 stamp duty waiver, clearing the way for KRA to seek payment.
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Egyptian billionaire Hassan Allam takes board seat at the American University in Cairo
Egyptian billionaire Hassan Allam joins AUC’s Board of Trustees, strengthening the university’s leadership.
Paystack fires Nigerian co-founder Ezra Olubi amid sexual misconduct allegations
Paystack fires co-founder Ezra Olubi over sexual misconduct allegations as the company faces scrutiny on workplace governance.
Côte d’Ivoire mine lifts gold output for Egyptian billionaire Naguib Sawiris’ Endeavour
Ity mine in Côte d’Ivoire leads Endeavour Mining’s gold output, boosting Egyptian billionaire Naguib Sawiris’ stake to $1.4 billion.
Kenyan billionaire Narendra Raval unveils $550 million steel plant in Uganda
Kenyan billionaire Narendra Raval launches a $550 million steel plant in Uganda, expanding Devki Group’s regional footprint.
Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Samuel Dossou-Aworet-backed Tullow extends Jubilee and TEN licenses in Ghana, securing long-term gas deals and drilling plans.
Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.
Ghana’s richest investor Daniel Ofori gains $12.3 million from GCB Bank shares
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Cameroonian banker Alain Nkontchou's Enko gets $30 million to scale Africa's private credit
Enko Capital secured $30 million from South Africa’s PIC to expand private credit for mid-sized African firms, boosting financing options across key sectors.
Vodacom, led by Shameel Joosub, weighs larger stake in Kenya’s Safaricom
Vodacom may increase its stake in Safaricom as Kenya explores selling part of its government share.
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges in Angola Supreme Court ruling.
Nigerian businessman Ernest Azudialu freed from $1 billion asset freeze
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
Ghanaian energy mogul Kevin Okyere in talks to sell oil block to state-owned GNPC
Springfield, led by Ghanaian energy mogul Kevin Okyere, explores sale of WCTP2 deepwater oil block to GNPC.
Zimbabwean tycoon Simon Rudland opens $100 million tobacco plant in Harare
Zimbabwean tycoon Simon Rudland's Cut Rag Processors opens $100 million Harare tobacco plant, expanding local production and exports.
South African executive Laurence Rapp-led Vukile finalizes $13 million upgrade of Mthatha Mall
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares slide
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares fall, reversing recent gains and reflecting cooling confidence in Morocco’s real estate market.