Johann Rupert, South Africa’s richest man, loses nearly $1 billion in two weeks
Johann Rupert’s net worth falls nearly $1 billion as Richemont shares drop after EU fines on Chloé and other luxury brands.
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Kenyan banker James Mwangi-led Equity Group nine-month profit rises to $420 million
The solid performance reinforces the lender’s position among Africa’s most profitable financial services groups.
Nigerian billionaire Indimi bets $315 million on new offshore vessel to lift oil output
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
Kenyan tycoon Peter Munga’s wife stops Britam share sale
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Nigerian pharma tycoon Fidelis Ayebae’s stake surges past $21 million
Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
Kenyan tycoon David Langat eyes 2027 Governor bid in Nandi
Rift Valley tycoon David Langat says he may run for governor in 2027—likely in Nandi or Uasin Gishu—if grassroots support coalesces behind him.
Mary Vilakazi-led FirstRand flags extra UK provision risk
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
Cosmas Maduka: If Coscharis were listed, I’d be worth $5 billion
Nigerian entrepreneur Cosmas Maduka says Coscharis Group could make him worth $5 billion, reflecting decades of business growth and influence.
South African investors Kumalo, Oved eye new AI deals after Optasia win
LLH Capital trims its holding in Optasia’s R6.5bn IPO and lines up a fresh push into AI and fintech across Africa.
6 businesses owned by Nigerian multimillionaire Stanley Uzochukwu
From fuel forecourts to a luxury hotel, Stanley Uzochukwu has built a tightly linked consumer-and-hospitality ecosystem under the Stanel banner
Kenyan tycoon Jimnah Mbaru gains $3 million from Britam shares
Kenyan tycoon Jimnah Mbaru gains $3 million as Britam shares surge on Nairobi Securities Exchange.
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, posts $298 million profit in 9M 2025
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, saw profit ease to $298.5 million in 9M 2025 even as revenue hit a record $4.22 billion.
Tony Elumelu-linked distribution company sends 800 workers home
About 800 workers at AEDC linked to Nigerian investor Tony Elumelu, were laid off this week as part of a company restructuring
Nigerian shipping tycoon Ken Etete urges African governments to fund core industry
Century Group’s Ken Etete urges policy support for long-horizon industrial projects as Dangote’s Lagos refinery ramps output and reshapes Nigeria’s fuel market.
Aliko Dangote’s refinery cuts petrol price by 5.6 percent ahead of holiday season
Aliko Dangote’s refinery lowers petrol price by 5.6 percent, easing costs for motorists ahead of the holidays.