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In 2011 Nicky Oppenheimer sold his family's 40% of De Beers to Anglo American for $5.1 billion, valuing the whole diamond company at $12.75 billion. This month Anglo agreed to sell 85% of the same company for about $1 billion.
Aliko Dangote has met Canadian Prime Minister Mark Carney to discuss investment partnerships between Canada and Africa. No figures or agreements were disclosed.
Globacom turns 23 this month and Mike Adenuga still owns all of it, while MTN Nigeria and Airtel Africa listed and 9mobile changed hands twice.
Coleman has spent more than $20 million on gas-fired power generation while paying $8.70 per unit for gas, its managing director said.
Otedola's 11.96 billion First HoldCo shares are worth about $1.2 billion after the stock hit a record N140 on Thursday.
Pick n Pay's group turnover grew 2.7%, carried by Boxer, as CEO Sean Summers' turnaround left the core supermarkets flat and a labor dispute unresolved.
The Johannesburg Stock Exchange says it has engaged Dangote Group and hopes to bring the refinery listing to South Africa after its Nigerian IPO.
Muhoho Kenyatta collects roughly $6.6 million from NCBA's interim dividend, months before Nedbank completes its takeover of the bank his family has long backed.
Capitec CEO Graham Lee says the bank's low market share in key segments is not a weakness but a sign of how much room it still has to grow.
Billionaire Patrice Motsepe is standing firm behind FIFA president Gianni Infantino as a $4.2 billion World Cup deal collapse triggers a global leadership crisis.
Coke Florida, one of the largest Black-owned businesses in America, has renewed a $350 million credit facility that banks oversubscribed.
Sam Jonah's JonahCapital has begun arbitration against Nigeria at the ICC in Paris over the termination of a lease on 501 hectares of Abuja land.
Chakib Alj's Cap Holding has completed its takeover of Forafric Maroc, adding the Tria and Maymouna brands to Morocco's largest milling group.
Sheila Johnson, the BET co-founder and Salamander Hotels chief executive, has sold her Arlington home for $3.15 million in a private transaction.
Nicky Oppenheimer sold the family's 40% stake in De Beers for $5.1 billion in 2011. Anglo is now selling 85% of it for about $1 billion.
Energy Exchange of Southern Africa, created by Johann Rupert's Remgro, is building the trading platform for a fully liberalised South African electricity market.