Tycoon Paul Fokam's Afriland First Bank is losing a $116.9 million battle in Congo
Afriland First Bank's Congo unit has $116.9 million in negative equity and its Cameroonian owner says the state took the bank without paying for it.
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Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Elon Musk's X Money promises 6 percent yield and cashback as it moves out of the shadows
Elon Musk's X Money has entered limited beta testing, dangling a 6 percent annual yield and cashback as the everything app vision takes shape.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
South African billionaire Patrice Motsepe's ARM posts $114 million operating profit
Patrice Motsepe's ARM has swung back to profitability, posting R1.9 billion ($113.9 million) in operating profit as revenue climbed 31% to R8.4 billion ($503.9 million).
Africa's richest man, Dangote is building a 1,100km offshore gas pipeline to power Nigeria's industrial future
Aliko Dangote is quietly building a 1,100km offshore gas pipeline network to move Niger Delta gas to Nigeria's industries and export hubs.
Aliko Dangote's refinery tenders 84,000 tons of jet fuel and diesel as Africa's biggest refinery chases global markets
Dangote refinery has issued tenders to sell 84,000 tons of jet fuel and gasoil in March, marking a new chapter in its export push.
She took a DNA test. Now she's heir to a $53.8 million Kenyan empire
A decade after being shut out of her father's inheritance, Chepkoech Too has won a DNA paternity case that unlocks a Sh7 billion estate.
Meet the woman who bet $80 million to become Cameroon's Coca-Cola queen
Jacqueline Dongmo quietly built a logistics empire for decades. Then she made one of the boldest bets in African consumer goods history.
Wine farm once owned by South African tycoon Tokyo Sexwale goes on auction for $10.7 million
Bloemendal Wine Estate, a 324-year-old Cape wine farm once tied to anti-apartheid icon Tokyo Sexwale, goes to auction on 25 March for at least R180 million.
Chandaria family office opens Kenyan empire to Investors
Darshan Chandaria wants outside money in the family business. The CEO of one of Kenya's oldest conglomerates is building a formal family office to make it happen.
Quavo hit with $2.9 million IRS tax lien covering three years of unpaid taxes
The IRS filed a nearly $3 million federal tax lien against Quavo in January, covering three straight years of alleged unpaid taxes.
Dangote cement plans $1 billion expansion across Africa by 2030
Dangote Cement has signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries and hit 80 million tonnes by 2030.
Patrice Motsepe's ARC backs US software giant Spinnaker's push into South Africa
Patrice Motsepe's African Rainbow Capital is backing US software support firm Spinnaker as it opens its first South African office in Johannesburg.
Singapore just beat New York and London as the world's top trophy home market
Singapore has more trophy homes available per capita than any city on earth, new research from luxury finance brokerage Enness Global reveals.