Three billionaires emerge on Malawi Stock Exchange in 2025
Three billionaires emerged on the Malawi Stock Exchange in 2025 after banking stocks surged and long-held stakes crossed the billion-dollar mark.
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Nigerian investor Tope Lawani’s Helios completes Axxela stake sale to BlueCore
Helios Investment Partners has completed the sale of its majority stake in Nigeria’s Axxela to the BlueCore energy consortium.
South African billionaire Christo Wiese’s Premier Group targets $1.7 billion in revenue
South African billionaire Christo Wiese’s Premier Group aims for $1.7 billion revenue with RFG Holdings acquisition.
Nigerian industrialist Rasaq Okoya marks 86th birthday with free cancer screenings, health outreach in Lagos
Industrialist Razaq Okoya is celebrating his 86th birthday by sponsoring a week of free cancer screenings and health checks in Ajah, Lagos.
Egypt's Orascom Investment narrows nine-month loss as operating revenue jumps
Orascom Investment cut its nine-month loss as revenue surged, and a much stronger third quarter helped offset a weak first half.
Zimbabwean billionaire Strive Masiyiwa's Econet plans 300-hectare industrial park near Harare airport
Masiyiwa's Econet InfraCo says an industrial park near Harare airport, backed by solar power and a data centre, could speed investment and jobs.
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build slowly, honor values
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build steadily, honor values, and grow with patience and discipline.
Mr. Eazi pledges $2 million to build new live event venues in Accra
Mr. Eazi commits $2 million to build new indoor and outdoor live event venues in Accra, expanding capacity for major performances year-round.
Egyptian tycoon Safwan Thabet gains $40 million as Juhayna shares rebound
TMG signs $200 million contract to start South Med phase with 179 lagoon-facing buildings and smart infrastructure in Egypt.
Egyptian billionaire Hisham Talaat Moustafa’s TMG signs $200 million South Med deal
TMG signs $200 million contract to start South Med phase with 179 lagoon-facing buildings and smart infrastructure in Egypt.
Sports betting billionaire Kunle Soname calls for referee reforms in Nigeria’s Premier Football League
Remo Stars owner Kunle Soname wants a weekly referee review panel, TV coverage and tougher sanctions to rebuild trust in Nigeria’s NPFL.
Femi Otedola urges higher minimum as FirstBank hits $346 million capital target
FirstBank reaches $346 million minimum; Femi Otedola urges raising international banking capital to $692 million.
Nigerian executive Wola Joseph-Condotti-led West Power exits Eko DisCo in $250 million deal
West Power, led by Nigerian executive Wola Joseph-Condotti, has sold its 60 percent stake in Eko DisCo in a N360 billion, $250 million transaction.
Jamaican billionaire Lee-Chin weighs sale of NCB Financial stake as $94 million bond due
Michael Lee Chin is weighing a sale of his NCB Financial Group stake as a US$94 million bond payment looms.
The late Nigerian billionaire Nuel Ojei built an empire from Mazda to EMO, then kept it out of the spotlight
From Mazda showrooms to EMO oil ventures, Nuel Ojei built a discreet conglomerate that touched Nigeria’s roads, ports and crude trade.
Custodian Investment chief Wole Oshin buys $2.3 million in shares in December trades
Custodian Investment chief Wole Oshin bought 87 million shares worth about N3.39 billion in December trades disclosed to the NGX.