Harrods to remove Egyptian billionaire Mohamed Al-Fayed escalators following $83.9 million victim
Harrods replaces Al-Fayed’s Egyptian-themed escalators following $83.9 million victim compensation, unveiling a brighter, spacious central area.
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Iwosan Investments, co-founded by Nigerian businessman Fola Adeola, buys Paelon Memorial Hospital
Fola Adeola’s Iwosan Investments buys Paelon Memorial Hospital, strengthening its nationwide healthcare expansion.
Reinet, led by South African billionaire Johann Rupert, posts $7.8 billion in net assets
Reinet Investments, led by Johann Rupert, posts $7.8 billion in net assets despite a $298 million decline amid market volatility.
Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.
South African executive Thabo Mabe takes top job at Dangote Sugar Refinery
South African executive Thabo Mabe is set to lead Dangote Sugar, driving $700 million expansion and growth at the sugar producer.
South African executive Gus Attridge loses $10 million as Aspen shares fall
South African pharma leader Gus Attridge sees a $10.7 million drop in his Aspen stake as the drugmaker’s shares slide and investor concerns deepen in 2025.
Kenyan tycoon Peter Munga in $30 billion coal dispute with Chinese investors
The rights to Kitui's Mui Basin coal blocks are the subject of a $30 billion coal dispute between Kenyan tycoon Peter Munga and Chinese investors.
South African billionaire Ackerman family set to offload Pick n Pay shares
The Ackerman family plans to sell up to 8.5 percent of Pick n Pay shares to support the retailer’s turnaround efforts.
Sankei Ole Kenga's Enkisoma lands $9.3 million to widen access to Kenya’s private schools
Enkisoma Africa and MyCredit are funding digital labs for 150 Kenyan schools, offering financing and full support to ease adoption.
Egyptian billionaire Naguib Sawiris cuts London penthouse price by $13.2 million
Sawiris lowers London penthouse price to $92.2 million as UK luxury market struggles and wealthy investors reconsider holdings.
UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
Egyptian billionaire Sadek El-Sewedy’s Elsewedy Electric stake nears $1 billion
The rise follows a steady climb in the company’s share price on the Egyptian Exchange (EGX), extending a stretch of gains that began earlier in the year.
Nigerian energy mogul Adebowale Olujimi’s Emadeb E&P hits first oil
Emadeb E&P, led by Adebowale Olujimi, starts production at Ibom Field, a $100 million investment in Nigeria’s oil sector.
Aliko Dangote's Dangote Group vows refinery expansion despite tariff delay
Aliko Dangote’s Group presses ahead with refinery expansion to 1.4 million barrels per day despite tariff delay.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Tanzanian billionaire Rostam Aziz cleared to build $124 million Mombasa LPG terminal
Kenya clears Rostam Aziz’s $124 million LPG terminal, paving the way for construction and new competition in Mombasa’s energy market.