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Nedbank has completed its NCBA takeover, paying the Kenyatta, Ndegwa and Merali families about $319 million. Aziz Akhannouch has left office in Morocco. Stella Okoli has stepped back from running Emzor. And Dangote's refinery IPO enters its final week.
In 1977 Stella Okoli opened a chemist's shop in Lagos with ₦5,000, using her father's house as collateral. Emzor now makes more than 140 medicines and is building what it says will be sub-Saharan Africa's first plant for active ingredients. The story of the founder, as she steps back.
Aziz Akhannouch has left office after five years as Morocco's billionaire prime minister, and his party is moving into opposition. Meanwhile Morocco's biggest fortunes are expanding into West Africa, Spain and World Cup projects. What the change means for Akwa, the banks and the builders.
Nedbank has completed its takeover of 66% of NCBA. The Kenyatta, Ndegwa and Merali families receive about $319 million, mostly in Nedbank shares, and keep NCBA stakes worth another $131 million. What each family gets, what the stock-heavy terms mean, and what to watch next.
The Emadeb Energy founder paid for new solar-powered chemistry and physics laboratories at Government College, Ibadan, the school he left in 1985.
South African billionaires Johann Rupert and Patrice Motsepe backed Willem Strauss after he won a third term as Blue Bulls Rugby Union president.
Villagers around Koos Bekker's Newt hotel in Somerset have started a petition over pesticides and blame the estate for floods and drying streams.
Most Datatec shareholders chose new shares over cash in a $429 million special dividend, pushing founder Jens Montanana's stake in the IT group above 20%.
A Tax Justice Network review says Bloomberg wrongly counted Egyptian billionaires Nassef Sawiris and Mohamed Mansour in its $160 billion UK exodus.
Aliko Dangote lost about $640 million on Monday as Dangote Cement shares fell 5.5% to ₦1,008, leading a ₦1.47 trillion slide on the Lagos bourse.
Eric Schmidt owns about 1% of Anthropic from a 2021 investment, a stake worth up to $20 billion at a $2 trillion IPO valuation.
Kenyan tycoon Jimi Wanjigi and his mother, Mary Wambui, want his brother Sonny Mbui removed as an executor of the late Maina Wanjigi’s estate.
Armed Kenyan police occupied a five-acre Eldoret plot owned by billionaire Gideon Moi’s family, whose lawyer says no eviction notice was given.
Three of Kenya's richest families have secured about $60 million in cash and 15 million Nedbank shares as Nedbank completes its NCBA takeover.
Adrian Basson, who built Hungry Lion into a fried-chicken chain with more than 500 stores, has opened a luxury safari lodge in the Pilanesberg.
BlackRock, Fidelity, GIC and Abu Dhabi's sovereign fund joined the anchor book for Mukesh Ambani's Jio Platforms, which drew over 30 times the shares available.