Tycoon Sandile Zungu gathers regional backing as SAFA nomination deadline nears
Sandile Zungu's challenge for the SAFA presidency has gained momentum, with a rival withdrawing in his favour ahead of the July 29 nomination deadline.
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Billionaire Abdul Samad Rabiu's BUA Foods embarks on largest expansion in company history
BUA Foods, controlled by billionaire Abdulsamad Rabiu, has begun the largest expansion in its history, entering the noodles market and scaling wheat milling capacity.
Nigerian court orders final forfeiture of $6.5 million in jewellery and cars from businesswoman Aisha Achimugu
A Nigerian court has ordered the permanent forfeiture of about $6.5 million in jewellery, luxury vehicles and cash recovered from businesswoman Aisha Achimugu.
Cameroonian billionaire Paul Fokam's Afriland opens in Central African Republic
Afriland First Bank, founded by Cameroonian billionaire Paul Fokam, has become the first Cameroonian lender to open in Central African Republic, targeting a largely unbanked market.
Ugandan tycoon Charles Mbire quit Kampala Cement board over governance failures before collapse
Ugandan tycoon Charles Mbire says he resigned from Kampala Cement's board over unauthorised transactions three years before the $82 million-indebted cement maker collapsed.
Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Museveni meets billionaire Rostam Aziz as Uganda media shutdown enters political phase
President Museveni has met billionaire Rostam Aziz, the incoming owner of Nation Media Group, over Uganda's shutdown of the Daily Monitor and NTV Uganda.
Group demands government action over raid on Ghanaian tycoon Sam Jonah's Nigerian real estate company
A Ghanaian group has demanded government intervention over a raid on Sam Jonah's Jonah Capital at Abuja's River Park Estate amid a disputed ownership fight.
Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.
Mining tycoon Segun Lawson, Nigerian partners see gold stakes climb after $77 million second quarter
Segun Lawson and two Nigerian partners hold close to $60 million in Thor Explorations after the miner posted a $77.3 million second quarter from Segilola.
Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
Court bars expansion at Kenyan billionaire Mohamed Jaffer's Mombasa oil terminal over mangrove damage
A Kenyan court has barred billionaire Mohamed Jaffer's oil company AGOL from new construction at its Mombasa terminal over alleged destruction of a protected mangrove forest.
Billionaire Abdul Samad Rabiu's BUA Foods approves record $363 million dividend and expansion plan
BUA Foods, controlled by billionaire Abdulsamad Rabiu, approved a record $363 million dividend and unveiled an expansion plan to become Nigeria's largest food manufacturer.
Billionaire heiress Mary-Ann Musangi elected vice chair of Kenya manufacturers body
Mary-Ann Musangi, billionaire heiress to Chris Kirubi and managing director of Haco Industries, has been elected vice chairperson of the Kenya Association of Manufacturers.
South African billionaire Zak Calisto's stake in Karooooo crosses $1 billion again after record quarter
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
Botswana tycoon Chandra Chauhan's Sefalana says government red tape killed his factory plans
Botswana's Sefalana says two food manufacturing projects, a dairy and a cooking-oil plant, collapsed for lack of government support, its managing director said.