Wealthy Kenyan businessman and ex-lawmaker Harun Mwau wins court fight over police hiring
Kenya's Court of Appeal has upheld a ruling won by tycoon and former MP Harun Mwau, leaving police recruitment under the Inspector-General's command.
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South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
How Nigerian billionaire Tunde Folawiyo's firm got into Paystack and Flutterwave early
Nigerian billionaire Tunde Folawiyo chairs Pave Investments, which backed Paystack and Flutterwave when they were worth a few million dollars and exited both.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.
Nigerian billionaire Aliko Dangote’s foundation and Gombe State to give 28,284 women refinery shares
Gombe State released ₦149.2 million to buy Dangote refinery shares for 28,284 vulnerable women, and Aliko Dangote’s foundation will match each woman’s shares.
Nigerian billionaire Aliko Dangote’s refinery IPO sparks new listing talks at Nigeria’s stock exchange
Nigerian Exchange CEO Temi Popoola says Aliko Dangote’s refinery IPO has sparked private listing talks with several companies, with listings expected from next year.
South African banking billionaire Michiel le Roux under fire over political donations
The ANC Youth League has renewed its attack on Capitec founder Michiel le Roux, whose companies have given the Democratic Alliance at least R208 million.
Egyptian billionaire Samih Sawiris lines up daughter to lead family's film festival
Egyptian billionaire Samih Sawiris says the Sawiris family is handing the El Gouna Film Festival to its next generation, starting with his daughter Talia.
Famous Brands, built by South Africa's wealthy Halamandaris family, stumbles in Botswana
Famous Brands, the Steers and Wimpy owner co-founded by the Halamandaris family, expects interim earnings to drop as much as 33% after a Botswana writedown.
CIEL, controlled by Mauritius’s wealthy Dalais family, buys a women’s hospital in Uganda
C-Care, controlled by Mauritius's Dalais family through CIEL, has bought Kampala's Roswell Hospital, lifting its Ugandan network to six hospitals and 17 clinics.
Tanzanian billionaire Edha Nahdi's Amsons Group buys Oryx's Tanzania fuel business for $230 million
Edha Nahdi's Amsons Group has bought Oryx Energies' Tanzanian fuel business for $230 million, lifting its storage to 800,000 tons and stations to 300.
Cypriot billionaire John Fredriksen's family-backed tanker firm buys rival for $370 million
International Seaways, 13.54% owned by trusts set up by shipping billionaire John Fredriksen, agreed to buy Oslo-listed VLCC owner Bruton for about $370 million.
South African tycoon Marcel Golding sees opportunity in the country's water crisis
Rex Trueform, the Cape Town investment group run by former mining union leader Marcel Golding, says South Africa's water crisis creates long-term opportunities.
Nigerian billionaire Abdul Samad Rabiu's charity launches program for young doctors
ASR Africa, the foundation of Nigerian billionaire Abdul Samad Rabiu, has launched a program to prepare final-year medical students for clinical work, starting in Maiduguri.
Indian billionaire Mukesh Ambani expected to receive Rubio at world's largest refinery
Marco Rubio will visit Mukesh Ambani's Jamnagar refinery during an Oct. 17-22 trip that the U.S. ambassador to India calls "a little more business-focused."