Billionaire Aziz Akhannouch's party loses Morocco's election and a third of its seats
Morocco's PAM won 97 of 395 seats in provisional results, while Prime Minister Aziz Akhannouch's RNI fell from 102 seats to 66 on 38% turnout.
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Nigerian tycoon Tony Elumelu tells investors that aid will not industrialise Africa
Tony Elumelu told a UN General Assembly session that aid cannot build industries, and urged investors to partner with African businesses instead.
Kenyan banker Gideon Muriuki's Co-op Bank stake is closing in on $40 million
Gideon Muriuki holds 135 million Co-operative Bank shares, worth about $38.6 million as the stock trades near record highs.
South African tycoon Chris Seabrooke donates $12.6 million to Wits University in Sabvest shares
The Seabrooke Family Trust donated 1.4 million Sabvest Capital shares worth R204.4 million to the Witwatersrand University Foundation.
Nigerian oil tycoon Abdulrahman Bashar's Abuja mansion is sealed over $40 million debt
Bailiffs enforced court orders against Abdulrahman Musa Bashar's properties in Lagos and Abuja over a $40 million judgment debt.
Aliko Dangote hands Engineers India $450 million to build his $16 billion Kenya refinery
Aliko Dangote has hired Engineers India, the firm behind his Lagos refinery, on a $450 million contract to manage construction of his $16 billion Kenya plant.
Kenyan supermarket chain Quickmart is going public and these people will make millions
Sokoni is selling 2 billion Quickmart shares, and the proceeds go to Adenia Partners, the chain's founders and CEO Peter Kang'iri.
Billionaire Sunil Mittal's Airtel Money files for $9 billion London IPO, the City's biggest since 2021
Sunil Mittal's Airtel Money has announced its intention to list in London at a valuation of $8 billion to $9 billion, raising about $800 million next month.
Indian billionaire Anil Agarwal is building what would be Africa's largest copper smelter
Konkola Copper Mines, 79.4% owned by Anil Agarwal's Vedanta, says a new smelter will add 70,000 tonnes a year and be the largest in Africa.
Nigerian oil tycoon Tunde Afolabi is building a gas field to feed Nigeria LNG's Train 7
Amni, founded by Tunde Afolabi, and TotalEnergies have approved the Ima gas field, which will supply a third of Nigeria LNG's Train 7 feedstock.
Zimbabwean billionaire Strive Masiyiwa's InfraCo has lost a third of its value since March
Econet InfraCo has fallen from 33 cents to 22.79 cents since listing in March, wiping about $309 million off a company valued at $1 billion.
Billionaire Hassanein Hiridjee's foundation opens its 250th school in Madagascar
Hassanein Hiridjee's Axian Foundation has opened its 250th school in Madagascar, at Ambahikily in the south-west, after 15 years of building.
Malagasy tycoon Mamy Ravatomanga is charged over five Boeings that were flown to Iran
Five Boeing 777s registered in Madagascar ended up with a sanctioned Iranian airline. The trial of 33 defendants has been put back to Oct. 27.
Australian billionaire Oliver Curtis seeks $10 billion for Nvidia chips before Firmus's ASX float
A company founded seven years ago in Sydney is borrowing $10 billion to buy chips for a data centre in Indonesia, ahead of a listing reportedly valuing it above Canva. One of its co-chief executives went to prison for insider trading in 2016.
Ghanaian tycoon Sam Jonah is helping raise $1 billion for African critical minerals
Former Gold Fields CEO Chris Griffith is raising $1 billion for African critical minerals with Colin Coleman and Ghana's Sam Jonah.
Senegalese billionaire Yerim Sow's Bridge Bank starts trading in Abidjan on Wednesday
Bridge Bank starts trading on the BRVM on Sept. 24 under BBGC, after drawing CFA95.8 billion of orders for CFA67.5 billion of shares.