Nigerian billionaire Aliko Dangote to run Kano vocational center in 20-year deal
The Nigerian billionaire has signed a 20-year deal with the Kano State Government to revive the Aliko Dangote Vocational Training Centre for young people.
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South African tycoon Daphne Mashile-Nkosi built a $1.3 billion manganese complex from nothing
Daphne Mashile-Nkosi started with no collateral and built a $1.3 billion manganese complex housing the world's largest sinter plant.
Tycoon Bassim Haidar's Optasia has lost 40% since February after Nigeria suspended its core service
Optasia has fallen about 40% from its February peak after Nigeria suspended airtime credit and founder Bassim Haidar cut his stake.
Markus Jooste's estate goes into sequestration with a R475 million fine still unpaid
A court has placed Markus Jooste's estate in provisional sequestration, two years after the Steinhoff CEO died owing a R475 million fine.
US-sanctioned Zimbabwean tycoon Kudakwashe Tagwirei has been appointed to the Senate
Emmerson Mnangagwa has appointed Kudakwashe Tagwirei, a tycoon under US and UK sanctions, to Zimbabwe's Senate under a constitutional amendment.
Nigerian billionaire Aliko Dangote's refinery secures $1 billion backing ahead of planned IPO
Aliko Dangote's petroleum refinery has completed a $1 billion underwriting program, including a funded $600 million private placement, ahead of its planned initial public offering.
Billionaire Masayoshi Son bets $12 billion on Intel, putting 67% of SoftBank's US portfolio in one name
Masayoshi Son's SoftBank has concentrated 67% of its $18 billion US equity portfolio into a single stock, committing $12 billion to Intel in one of the most concentrated big-money bets in recent memory.
Billionaire Josh Kushner and Bob Iger buy the Los Angeles Lakers in record $12.5 billion deal
The Thrive Capital founder, with former Disney chief Bob Iger, agreed to buy the Los Angeles Lakers for $12.5 billion, a record sports-team deal.
Billionaire Warren Buffett's Berkshire lifts Alphabet stake 83% to $38 billion
The investment firm led by Warren Buffett raised its Alphabet position by 83% during the second quarter, lifting the holding to roughly $38 billion.
Billionaire Stanley Druckenmiller dumps Intel, Micron and Broadcom and bets big on Amazon in Q2 portfolio shake-up
Billionaire Stanley Druckenmiller's Duquesne Family Office dumped its entire positions in Intel, Micron and Broadcom in the second quarter while raising its Amazon stake by more than 1,000%.
Billionaire Bill Ackman exits Alphabet, adds Visa, Mastercard and Netflix
The hedge fund run by Bill Ackman sold its entire Alphabet holding during the second quarter while opening fresh positions in Visa, Mastercard and Netflix.
South African Reserve Bank probes DA finance chair Mark Burke's crypto firm Kastelo over R4 billion transfers
South Africa's Reserve Bank is investigating Kastelo, the crypto arbitrage firm founded by DA federal finance chair Mark Burke, over alleged exchange-control contraventions involving approximately R4 billion.
Nigerian energy tycoon Olakunle Williams's Tetracore crosses 1 million safe man-hours
Olakunle Williams's Tetracore Energy has logged 1 million cumulative work hours without a lost-time injury, fatality or major incident while expanding across Nigeria and Ghana.
Wealthy Kenyan banker Gideon Muriuki is charged with fraud, not just failing to report it
Gideon Muriuki and Co-operative Bank face conspiracy to defraud counts alongside the failure-to-report charges halted by the High Court.
South African billionaire Christo Wiese says Ramaphosa should test every decision against jobs
Christo Wiese said President Cyril Ramaphosa should assess every decision by whether it creates jobs or destroys them.
South African billionaire Johann Rupert is funding title deeds for poor households
Johann Rupert has donated to and recapitalised Khaya Lam, which has transferred more than 21,000 title deeds to poor South African households.