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Nigerian tycoon Eruani Azibapu lines up 9,000 filling stations for a refinery eight years late
Nigeria's retail fuel association is negotiating to buy petrol directly from Azibapu Eruani's Azikel Refinery for its 9,000 member outlets.
Standard Bank buys the Angolan bank shares seized from jailed tycoon Carlos São Vicente
Angola raised $224 million selling a 34% stake in Standard Bank de Angola, shares seized from Carlos São Vicente, with demand nearly double.
Billionaire Peter Thiel pays $130 million for the Bel-Air house nobody would buy at $250 million
Peter Thiel bought the Bel-Air estate Casa Encantada for $130 million at a foreclosure auction, the Wall Street Journal reported on Sept. 29.
Billionaire oil tycoon Harold Hamm gives $150 million to study the disease he has
Harold Hamm has given the University of Oklahoma $150 million, the largest gift in its history, to fund healthcare and diabetes research.
French billionaire Patrick Drahi's creditors accuse him of fraudulent deal-making
Lenders to Optimum Communications sued Patrick Drahi in New York on Sept. 28, alleging transfers that put assets beyond creditors' reach.
South African tycoon Chris Seabrooke's $12.6 million share gift will build a Wits arts precinct
Wits will build a R341 million cultural precinct in Braamfontein, funded mainly by the 1.4 million Sabvest shares Chris Seabrooke donated.
South Africa pleads with Elon Musk on Starlink as Amazon finds a way in without him
South Africa's deputy communications minister has appealed to Elon Musk to compromise on Starlink's 30% ownership hurdle, while Amazon's rival satellite service enters via Herotel.
Africa's richest man pulls his fertiliser IPO forward to next year
Aliko Dangote told investors in Nairobi he hopes to list Dangote Fertiliser next year, a year earlier than the 2028 date he gave last week.
Elon Musk's Starship finally reaches orbit and delivers its first paying cargo
Elon Musk's Starship reached orbit for the first time on its 14th flight, deploying 26 Starlink V3 satellites despite an engine failure that cut the mission short.
Billionaire Tyler Perry lists Harry and Meghan's former refuge for $57 million
Billionaire Tyler Perry has listed his Beverly Hills estate, once home to Prince Harry and Meghan Markle, for $57 million, alongside his Wyoming property.
Mark Zuckerberg loses $20 billion in two days as Meta's AI spending spooks investors
Mark Zuckerberg's fortune has fallen nearly $20 billion in two trading days to $246.7 billion after a Goldman Sachs note questioned whether Meta's AI spending can pay off.
Oura CEO Tom Hale pulls $2.2 billion IPO despite strong demand
Oura chief executive Tom Hale has postponed the smart-ring maker's $2.2 billion Nasdaq IPO, putting a $1.2 billion payday for Forerunner Ventures on hold.
Africa's richest monarch watches his mining company multiply profit tenfold in six months
Managem, the mining arm of the Moroccan royal family's Al Mada, lifted first-half profit to 3.778 billion dirhams from 380 million a year earlier.
Nigerian billionaire Femi Otedola dines with President Tinubu in Paris and backs his reforms
Femi Otedola had a private dinner with President Bola Tinubu in Paris on Sept. 28 and publicly endorsed his economic reforms the next day.
Billionaire Aliko Dangote pledges to list Kenya refinery on Nairobi bourse
Nigerian billionaire Aliko Dangote promises to list his planned East African refinery on the Nairobi bourse, a day before breaking ground in Lamu.