Egyptian billionaire Nassef Sawiris is merging OCI and Orascom into one Abu Dhabi company
Nassef Sawiris wants to merge OCI into Orascom Construction in Abu Dhabi. A Dutch court froze the deal, so he is offering €4.10 a share in cash.
Latest
Elon Musk's Boring Company is working on a 200 mph tunnel in Texas
Elon Musk says The Boring Company is working on a 200 mph tunnel linking Austin and San Antonio. No route, cost or timeline has been given.
Nigerian billionaire Aliko Dangote plans $3.5 billion pipeline to supply fuel across Southern Africa
Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua.
South African billionaire GT Ferreira was refused a banking licence so he bought a bank
Gerrit Ferreira and two partners were refused a banking licence in 1977. Eight years later they took control of Johann Rupert's Rand Merchant Bank.
Inside the business empire of DJ Black Coffee, built one-handed from Umlazi
Black Coffee owns his masters, 20% of Gallo Music and stakes in Yoco, Andela, SweepSouth and Rensource through his venture arm FlightMode Digital.
UBS tells investors to buy South African billionaire Johann Rupert's Richemont
UBS analyst Zuzanna Pusz kept her buy rating on Richemont after the bank's Milan luxury conference, with a target of CHF 188.76 a share.
South African tycoon Saki Macozoma sold his manganese and kept the trucks, gaming and copper
Safika sold its entire manganese portfolio to Exxaro for R11.7 billion. It kept trucking, gaming, telecoms repair and a Northern Cape copper stake.
A supplier is trying to wind up Botswana tycoon Chandra Chauhan's Sefalana over $615,000 debt
Sefalana Cash & Carry faces a winding-up petition in Botswana's High Court over a disputed R10 million supplier claim the group is contesting.
Nigerians who bought $4 of Dangote's refinery are calling board meetings online
Nigerians who bought the minimum 10 shares in Dangote's refinery are posting mock ownership certificates and demanding board meetings online. GHOST
Sadio Mané is investing $20 million of his own money in a mango factory in his village
Sadio Mané laid the foundation stone for SM10 Agro at Bambali on Sept. 19, a 500-hectare agro-industrial park he is funding himself.
Billionaire Michael Jordan tops all-time athlete earnings at $4.5 billion
Michael Jordan leads Sportico's all-time highest-paid athletes at $4.5 billion adjusted for inflation, ahead of Tiger Woods and Cristiano Ronaldo.
South African tycoon Sandile Zungu's AmaZulu signs partnership deal with Spain's Levante
AmaZulu has agreed a youth development partnership with the La Liga club Levante, five days after Sandile Zungu lost the SAFA presidency.
Australian billionaire Andrew Forrest buys Formula E team
Andrew Forrest's Fortescue has bought Penske Autosport's Formula E operation and will race as Fortescue Zero Racing in partnership with Jaguar.
Billionaire Jim Ratcliffe says he has lost confidence in Britain
Jim Ratcliffe told the BBC the UK economy is on the slide, blaming high taxes and immigration, and said he would return only if things improve.
French billionaire Vincent Bolloré promises President Tinubu more investment in Nigeria
Vincent Bolloré told Bola Tinubu his group will deepen its Nigerian operations, in a market where DStv and GOtv have been shedding customers.
Nigerian billionaire Emeka Okwuosa's Oilserv signs gas deal with Gabon's government
Oilserv has agreed with Gabon to develop the DEF-3 and D4-5 blocks, two months after completing its section of Nigeria's AKK gas pipeline.