South African billionaire Patrice Motsepe’s net worth rebounds to $3.4 billion
South African billionaire Patrice Motsepe’s net worth rises to $3.4 billion after gains in Harmony Gold offset earlier losses.
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South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion
South African tech billionaire Zak Calisto’s Karooooo holding tops $1 billion after a stock surge and robust earnings.
Africa’s richest man Aliko Dangote’s refinery signs new crude deal with NNPC
Aliko Dangote’s refinery signs two-year crude deal with NNPC to boost domestic fuel supply through 2027.
Canal+, backed by French billionaire, revamps leadership, eyes Canal+ Africa launch
French media giant Canal+ finalizes $2.02 billion MultiChoice takeover, forming Canal+ Africa with 40 million subscribers across nearly 70 countries.
Egyptian tycoon Abdallah Sallam leads Madinet Masr's expansion plan with $5 million investment
The company’s board approved the capital injection to support the launch of real estate development projects outside Egypt.
Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue
IBL Group, led by Arnaud Lagesse, reports $109.1 million profit, down 11%, as revenue climbs to $2.65 billion.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock
Egyptian billionaire Sadek El-Sewedy sees $18.6 million rise in Elsewedy Electric shares as the company’s market cap exceeds $3.3 billion.
Cameroonian tycoon Oumarou Fadil invests $1.79 million in Garoua grain complex
Oumarou Fadil is putting 1 billion CFA francs ($1.79 million) into a Garoua agro-processing plant, leveraging fresh tax breaks to boost Cameroon’s food output.
Court stops oil union strike against Dangote refinery
A Nigerian court halts PENGASSAN’s planned strike against Dangote Refinery amid warnings of sabotage and fuel supply risks to Africa’s biggest economy.
Mounir Nakhla’s MNT-Halan rolls out Egypt’s first digital secured loan
Mounir Nakhla’s MNT-Halan unveils Egypt’s first digital secured loan, offering fast, collateral-backed credit.
Aig-Imoukhuede-led Access Holdings gets $10 million to boost SME growth in Sierra Leone
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.
U.S.-Nigerian mogul Sam Darwish’s IHS stake slips below $90 million
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
South African billionaire Koos Bekker-led Prosus enters France with $1.3 billion deal
The all-cash deal, valued at $1.3 billion, gives Prosus’s classifieds arm OLX its first major foothold in France, Europe’s second-largest car market.
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank
Ivorian cotton king Koné Daouda Soukpafolo takes majority control of Versus Bank, pledging billions in new investment.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.