Nigerian oil tycoon Wale Tinubu's Oando posts $55 million nine-month pre-tax loss
Wale Tinubu's Oando posted a ₦74.7 billion pre-tax loss in the first nine months of 2026 as interest costs wiped out a recovery in operations.
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Tanzanian billionaire Rostam Aziz's Taifa to build gold mine in $23 million deal
Rostam Aziz's Taifa Group will build Lake Victoria Gold's Imwelo mine in Tanzania and take a stake as the miner raises up to C$32.2 million.
South African billionaire Ivan Saltzman's family loses $50 million as Dis-Chem shares crash
The Saltzman family's stake in Dis-Chem, the pharmacy chain Ivan and Lynette Saltzman founded, lost $50 million as shares had their worst day since 2018.
Nigerian billionaire Aliko Dangote signs deal to supply fuel to Cameroon
Cameroon's state refiner has signed a fuel supply deal with Aliko Dangote's group, as the country, without a working refinery since 2019, seeks steady supplies.
South African billionaire Patrice Motsepe keeps Africa Cup of Nations every two years
CAF president Patrice Motsepe said the Africa Cup of Nations will stay a two-year event, reversing the four-year plan he announced in December.
Eswatini's King Mswati III plans a 50,000-seat football stadium
Eswatini's King Mswati III said the country will build a 50,000-seat national stadium, up from the 40,000 seats he ordered in May.
Nigerian billionaire Femi Otedola pledges $2.1 million more for Augustine University engineering faculty
Nigerian billionaire Femi Otedola has pledged another ₦2.85 billion to complete a new engineering building at Augustine University, where he is chancellor.
Crypto billionaire Changpeng Zhao tells Elon Musk to stop mocking $6.3 billion Binance hack
Binance founder Changpeng Zhao told Elon Musk to stop joking about Binance's $6.3 billion hack, noting the exchange owns SpaceX shares worth over $1 billion.
Nigerian billionaire Abdul Samad Rabiu's BUA Foods posts $330 million nine-month profit
BUA Foods, controlled by Nigerian billionaire Abdul Samad Rabiu, raised nine-month profit 11% to ₦450.5 billion as lower costs lifted its margins.
Japanese billionaire Tadashi Yanai's firm sues Maui landowner over water bills
A company owned by Uniqlo founder Tadashi Yanai has accused Maui Land & Pineapple of racketeering over water bills, which the landowner calls pressure.
American billionaire Jeff Bezos loses $14 billion as Amazon shares fall 7%
Amazon shares fell almost 7% after third-quarter results showed AI spending swallowing its cash, wiping about $14 billion off founder Jeff Bezos's stake.
Google billionaire Sergey Brin's money fuels $50 million week against California wealth tax
A committee bankrolled by Google co-founder Sergey Brin spent more than $50 million in a week against California's billionaire tax as polls turned against it.
Indian billionaire Anil Agarwal plans $25 billion Vedanta expansion over three years
Indian mining billionaire Anil Agarwal says his Vedanta group will spend $25 billion over three years to expand aluminium, copper, zinc, oil and gas.
Indian billionaire Gautam Adani's Adani Ports bids $3.3 billion for European fuel terminals
Adani Ports, controlled by Indian billionaire Gautam Adani, has made a $3.3 billion offer for Evos, a European fuel storage company, weeks after losing ABP.
Kenyan billionaire Narendra Raval's Devki seeks to mine iron ore on 7,370 acres
Devki Steel Mills, owned by Kenyan billionaire Narendra Raval, has applied for a licence to mine iron ore on 7,370 acres in Taita Taveta County.
American billionaire Mark Zuckerberg’s $170 million Miami mansion next to Jeff Bezos comes with a residency catch
Mark Zuckerberg paid $170 million for a Miami mansion next to Jeff Bezos, but a Meta board agreement keeps him a California resident for eight years.