Mauritius says Malagasy billionaire Mamy Ravatomanga plotted a sea escape in $156 million case
Mauritius says Mamy Ravatomanga planned to leave by sea and made illicit calls from prison. His lawyer calls it conjecture with no evidence behind it.
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Nigerian tycoon Ernest Azudialu is pumping more oil while owing lenders over $1 billion
Ernest Azudialu's Nestoil ran its own rig on OML 42 to lift output, twelve days after paying $60 million under an EFCC-brokered repayment plan.
Ugandan steel tycoon Abid Alam avoids civil prison after appeal court halts $338,000 debt order
Uganda's Court of Appeal stayed enforcement of a $338,000 glass debt against Abid Alam, after his creditor sought his committal to civil prison.
Dutch-Nigerian billionaire Cornelis Vink owns the tower Burna Boy craned a Ferrari into
Cornelis Vink sold Chivita to Coca-Cola for $1 billion and bought Union Bank. His Kaizen Properties is building Burna Boy's Bourdillon tower.
Ugandan retail tycoon Ponsiano Ngabirano opens Kampala's first flagship Marriott hotel
President Museveni opened Ponsiano Ngabirano's 277-unit Kampala Marriott on Aug. 27, the first Marriott Hotels property in Uganda.
Tanzanian billionaire Rostam Aziz puts his own chief of staff on Nation Media Group's board
Nation Media Group named six directors and lost four, months after Rostam Aziz bought the Aga Khan's 54.08% stake. One of them reports directly to him.
Nvidia's Jensen Huang is world's sixth-richest after a $15.6 billion day
Nvidia rose 9% after forecasting 70% revenue growth for fiscal 2028, adding $15.6 billion to Jensen Huang's fortune and taking him to sixth place.
Egyptian billionaire Samih Sawiris is spending €200 million on a resort Morocco never finished
Samih Sawiris wants to recreate El Gouna on Morocco's Atlantic coast, starting with 800 rooms in a €200 million first phase at Mogador-Essaouira.
South African billionaire Christo Wiese says nobody can explain white monopoly capital to him
Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa.
Sudanese-British billionaire Mo Ibrahim tells Zambia's president not to waste his first term
Mo Ibrahim told Zambia's Hakainde Hichilema not to waste his first-term progress, citing arrests, the death of a former MP and court closures.
South Africa's wealthy Moolman family just sold nine shopping malls for $124 million
The Moolman family sold nine shopping centres for R2 billion but still owns 1.2 million square metres of South African commercial property.
Filipino billionaire Enrique Razon is buying African ports after doubling his fortune to $21.8 billion
ICTSI, controlled by Filipino billionaire Enrique Razon, is buying TLG, a port operator in Mozambique, Namibia and South Africa. Price undisclosed.
Angolan tycoon Carlos São Vicente, jailed for embezzlement, says he could lose a kidney
Carlos São Vicente, jailed since 2020 over Angola's $900 million insurance case, says he faces kidney failure and sepsis without urgent surgery.
South African mining mogul Bridgette Motsepe-Radebe controls just one of her mines
Bridgette Motsepe-Radebe controls 51% of one colliery. Everything else her company Mmakau Mining holds is a minority stake in somebody else's operation.
Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
Femi Otedola's fortune rose 36% to $1.9 billion since March, faster than any other African billionaire, on a single concentrated bet on First HoldCo.
South African lawyer Mathews Phosa built his fortune by taking equity instead of legal fees
Mathews Phosa helped mining communities list their assets and took equity as payment. He now chairs a London-listed miner and sits on some 20 boards.