Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
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South African billionaire Patrice Motsepe sees $195 million lawsuit struck out in Tanzania
Tanzania's High Court has struck out Pula Group's $195 million damages claim against Patrice Motsepe and his companies, two months after a first strike-out.
Nigerian billionaire Aliko Dangote clears legal hurdle in $16 billion Kenya refinery project
A Kenyan court lifted an order that halted Aliko Dangote's $16 billion Lamu refinery after residents opposing the project cited the wrong land parcel.
Africa's richest man taps Botswana to sell $500 million of refinery shares
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
Moroccan billionaire heir Moulay Mhamed Elalamy takes his family's Saham Group into Spain
Moulay Mhamed Elalamy, the 36-year-old chief executive of Morocco's Saham Group, has opened a Madrid investment holding as the family expands beyond Marbella.
South African billionaire heir Richard Enthoven buys $12 million Sydney beach house
Hollard Australia founder Richard Enthoven has been revealed as the buyer of a A$17.4 million ocean-view home at Ben Buckler in Sydney's North Bondi.
Egyptian billionaire Naguib Sawiris-backed graphite firm presses $100 million claim against Guinea
Falcon Energy Materials, backed by Naguib Sawiris's La Mancha and Idrissa Nassa's Coris group, is pressing Guinea for $100 million over a revoked graphite licence.
South African billionaire Rob Hersov's bitcoin investment rocked as four directors quit
Four of six directors at Rob Hersov-backed Africa Bitcoin Corporation have quit after a clash with shareholders tied to its debarred former CEO.
Mark Zuckerberg says Meta was ready to spend up to $200 billion on AI
Mark Zuckerberg says Meta was ready to write a check of up to $200 billion for AI before its new models were proven.
Indian billionaire Gautam Adani plans AI hardware venture with US firm Jabil
Adani Enterprises and Jabil plan a 50:50 venture to build AI servers and racks in India as the company also lines up a bond sale.
Czech arms billionaire Michal Strnad buys $434 million stake in Canada's MDA Space
The 34-year-old owner of Czechoslovak Group has made his biggest move yet into the space industry, taking a 9.5% stake in the Canadian satellite maker.
South African-born billionaire Elon Musk accused by France of harassing European leaders
France's foreign minister said Elon Musk runs harassment campaigns against European leaders on X, days after Musk called unrest in France an invasion.
Indian billionaire Sunil Mittal, Airtel Africa's controlling shareholder, wins France's top honour
Bharti Enterprises founder Sunil Bharti Mittal, whose group controls Airtel Africa, has been named a Chevalier of France's Legion of Honour by Emmanuel Macron.
Nepalese billionaire Binod Chaudhary elected vice president of Nepali Congress party
Nepal's only billionaire, CG Corp Global chairman Binod Chaudhary, won a Nepali Congress vice presidency by 87 votes at the party's 15th general convention.
Russian billionaire Mikhail Fridman's $16 billion claim still hangs over Luxembourg
Mikhail Fridman says he is assessing his legal strategy, leaving Luxembourg unsure whether helping lift his EU sanctions will end the case.
South Korean billionaire Jay Y. Lee gets $1.9 billion Samsung shares gift from mother
Hong Ra-hee will give her son 11.16 million Samsung shares, lifting his stake to 1.75% and leaving him a gift tax bill above $1 billion.