After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
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Inside Cyril Ramaphosa’s fortune: the McDonald’s deal, Mondi, Standard Bank ties, coal, telecoms and the trusts that followed
A look at Shanduka’s biggest holdings, what was sold, what sits in trusts, and what Ramaphosa’s net worth most likely is today.
Ugandan businessman Mukesh Shukla fined $3.9 million over Kampala property
Ugandan tycoon Mukesh Shukla fined $3.9 million for illegally occupying Shumuk House, ending the decade-long Katatumba family dispute.
Credit Bank, led by Kenya’s Nyachae family, wins $35 million shareholder backing
Credit Bank, led by the Nyachae family, gains shareholder approval to raise Ksh4.5 billion ($35 million) through a rights issue.
South African businessman Eric Diack leads AfriSam sale to West China Cement
West China Cement seeks to acquire South Africa’s AfriSam, led by Eric Diack, as Chinese firms expand in African construction markets.
Le Creuset owner Paul van Zuydam becomes South Africa’s newest billionaire
Paul van Zuydam becomes South Africa’s newest billionaire, building Le Creuset into a $850 million cookware empire.
Kenyatta family, Kenya’s largest landowner, gains $11 million from NCBA stake
NCBA shares rebound on the NSE, lifting the Kenyatta family’s stake by $11 million as investor interest returns.
Egyptian entrepreneur Mounir Nakhla’s MNT-Halan targets $5 billion financing book
Mounir Nakhla’s MNT-Halan aims to grow its financing portfolio to $4.5–5 billion by 2026, expanding consumer and SME lending across Egypt and MENA.
Malagasy tycoon Hassanein Hiridjee sees telecom as Africa’s AI backbone
Hassanein Hiridjee sees telecom networks as Africa’s AI backbone, driving growth through data centers and regional expansion.
Egyptian tycoon Abdallah Sallam's Madinet Masr signs $30 million deal for Sarai project
Madinet Masr, led by Egyptian tycoon Abdallah Sallam, has signed a $30.4 million construction deal to build 95 villas at its Sarai project in East Cairo by 2027.
Malawian billionaire Thom Mpinganjira's FDH Bank projects $87 million profit
Malawian billionaire Thom Mpinganjira’s FDH Bank forecasts up to $87 million profit in 2025, driven by credit growth, deposits and regional expansion.
South African billionaire Jannie Mouton gains $136 million from Capitec stake
South African billionaire Jannie Mouton gains $136.16 million as Capitec Bank shares climb, lifting the value of his long-held stake.
Allen Onyema's Air Peace eyes regional expansion across Africa by 2026
Air Peace shifts regional flights to daytime, expands African routes to 2026 for smoother travel and connections.
South African billionaire Koos Bekker raises $150.3 million from share sales
Koos Bekker raises $150.3 million from share sales to back high-end hospitality projects across South Africa, U.K., and Italy.
Inside the biggest billionaire donations in Africa in 2025
Africa’s billionaires ramped up giving in 2025, funding schools, hospitals and startups as governments face tight budgets and rising public needs.
Australian billionaire Andrew Forrest's Fortescue targets 2030 start for African iron ore exports as Gabon orders mining contract audit
Fortescue says it will ship African iron ore by 2030 as Gabon launches an audit that could reshape major mining deals.