Wealthy Kenyan politician Musalia Mudavadi's firm to pay Absa $23 million for two insurers
A firm linked to Kenya's Musalia Mudavadi will pay Absa Sh3 billion to regain control of First Assurance, which its backers sold in 2015.
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British billionaire and Manchester United co-owner Jim Ratcliffe spends 74th birthday in Zimbabwe
Jim Ratcliffe, the Ineos founder and Manchester United co-owner, marked his 74th birthday with golf in Victoria Falls on an eight-day Zimbabwe holiday.
South African billionaire Nicky Oppenheimer's family stock portfolio returned nearly 25% in 2025
The London firm that invests the Oppenheimer family fortune says its public equity portfolio returned close to 25% in dollar terms last year.
Nigerian billionaire Aliko Dangote plans to list 10% of his Ethiopian fertiliser business
Aliko Dangote says he will sell at least 10% of his Ethiopian fertiliser venture on the local exchange, even if Prime Minister Abiy Ahmed disagrees.
Australia's richest woman pledges $139 million to combat veteran homelessness
Gina Rinehart's A$200 million gift has bought six apartment blocks for homeless veterans, the largest private commitment of its kind in Australia.
American billionaire filmmaker Tyler Perry buys $30 million Puerto Rico mansion
Tyler Perry has bought a $30 million Puerto Rico mansion months before moving to the island, where he plans to open a production office.
Nigerian tycoon Tony Elumelu leads push for $15 billion West Africa investment pipeline
Tony Elumelu is co-leading a West African summit whose pipeline holds 26 projects worth more than $10 billion, with organizers targeting $15 billion by November.
Nigerian billionaire Aliko Dangote's refinery stake could be worth $55 billion
Renaissance Capital now values Africa's biggest refinery at ₦700.41 a share, which would make Aliko Dangote's stake worth about $55 billion.
Indian billionaire Sunil Vaswani's Stallion Group loses $117 million court fight with Nigerian bank
A Lagos judge upheld UBA's receiver over Stallion Group assets, ruling that disputing the size of a ₦156 billion debt does not cancel it.
South African pharma tycoon Stephen Saad's Aspen shares gain $142 million in 2026
Aspen Pharmacare's founder holds shares worth $558.7 million after a 34% rally this year, yet the stake remains $1 billion below its 2015 peak.
South African insurance mogul Adrian Gore onced feared Discovery Bank would fail
Discovery founder Adrian Gore says the slow early growth of Discovery Bank gave him the only sleepless, cold-sweat night of his career.
Indian billionaire Anil Agarwal completes $466 million expansion of South African zinc mine
President Cyril Ramaphosa opened the expansion of Anil Agarwal's Gamsberg zinc mine and pressed Vedanta to process more of the metal in South Africa.
South African billionaire Christo Wiese's R1 million Shoprite bet nears R200 billion
In 1979, Christo Wiese and Whitey Basson paid R1 million for eight grocery stores. Today Shoprite is Africa's largest retailer, worth almost R200 billion.
Nigerian billionaire Folorunso Alakija receives honorary doctorate from UK's Buckingham University
The University of Buckingham has given Folorunso Alakija, the Nigerian oil tycoon behind Famfa Oil, an honorary doctorate for her business and charity work.
Nigerian gaming mogul Mr Eazi's betting partner pawaTech made $115 million profit in 2025
New filings show betPawa's technology owner earned $245.7 million in 2025, as Mr Eazi's Choplife Gaming spreads across a dozen African countries.
Moroccan tycoon Lamia Tazi's Sothema wins approval for three cannabis epilepsy drugs
Sothema, the Moroccan drugmaker led by Lamia Tazi and controlled by its founding families, has won approval for three cannabis-based epilepsy medicines.