Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Two Egyptian state banks lent Palm Hills EGP 8 billion to finish its New Cairo project, days after the developer's profit fell 7%.
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Malagasy billionaire Hassanein Hiridjee's Axian Telecom earns $980 million as profit falls
Axian Telecom's half-year revenue rose 26.5% to $980 million, but second-quarter profit fell to $33.2 million on Jumia and Wananchi valuations.
South African mining tycoon Daphne Mashile-Nkosi could lose her mine over a $375 million debt
A court cleared the IDC to put Kalagadi Manganese into business rescue over $375 million. The lender was Daphne Mashile-Nkosi's first backer.
Egyptian healthcare tycoon Hend El Sherbini borrows $60 million to take her company private
Riyada Managers lent Hena Holdings $60 million to fund the buyout of Integrated Diagnostics, the lab group Hend El Sherbini's mother founded.
Billionaire Michael Jordan's NBC deal ends after one season and a single interview
Michael Jordan is not expected to return to NBC's NBA coverage. His entire first season was one interview with Mike Tirico, split in five parts.
Rausing family dumps $1 billion of US stocks in biggest cut in years
The Swedish dynasty behind Tetra Pak cartons sold more than $1bn of US equities in the second quarter a fifth of its American holdings and its deepest cut in at least two years, as global wealth trims US exposure.
Jensen Huang's Nvidia to acquire open-source AI hub Hugging Face for $12.9 billion
Jensen Huang is reportedly paying $12.9bn for a company with $150m in revenue buying the repository where the world's open-source AI models live, just as his biggest customers build their own chips to escape him.
South African billionaire Jannie Mouton's $450million school gift now faces criminal probe
Jannie Mouton's R7.2 billion ($450m) plan to buy out Curro and turn South Africa's biggest private school group into a charity has drawn a formal insider trading investigation — over shares bought before the announcement sent the stock up 60%.
MTN seeks Nigerian buyers for 30 percent IHS stake worth up to $1.1 billion
MTN is hunting Nigerian buyers for 30% of IHS Nigeria, a sale that could raise $900m to $1.1bn. The sell-down is the price Nigeria's competition regulator set for clearing MTN's takeover of the continent's biggest tower operator.
Aliko Dangote family office to launch in 2027 as investment hub
Aliko Dangote's Dubai family office will become visible in the first quarter of 2027, his daughter Halima says, taking on governance, capital management and philanthropy for a group built to survive eight to 10 generations.
Do You Actually Know How Much You Win or Lose at Online Casinos? Why Tracking Your Play Matters
Do You Actually Know How Much You Win or Lose at Online Casinos? Why Tracking Your Play Matters
Kanye West's $17.7 million Russia shows thrown into chaos as St Petersburg venue says no contract was ever signed
Kanye West's two October shows at St Petersburg's Gazprom Arena have been thrown into chaos after the venue said no rental contract was ever signed, despite organizers claiming a $17.7 million advance had already been paid to the rapper.
Elon Musk's SpaceX to build $100 billion Louisiana launch site on Pecan Island with up to 10,000 jobs by 2029
Elon Musk's SpaceX has announced a $100 billion launch complex on Pecan Island in Louisiana covering 125,000 acres, with construction starting in 2027 and the first Starship launch targeted for 2029.
Bill Gates warns world leaders are unprepared for AI as jobs vanish, criminals gain power and children lose social skills
Bill Gates says world leaders have no plan for the AI era and warns the technology will either become the greatest equalizer ever invented or the worst source of injustice in history.
Cameroonian cocoa magnate Kate Fotso doubles her market share as exports collapse 35%
Telcar Cocoa shipped 40,631 tonnes to take 32.4% of Cameroon's cocoa exports, up from 15.7%, in a season when national exports fell 34.65%.
South African billionaire Koos Bekker to retire as Naspers chair by 2028
Koos Bekker will retire as chair of Naspers and Prosus in the year to March 2028, ending three decades at the company he built around Tencent.