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.
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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.
Tyler Perry responds to $77 million sexual assault lawsuit, calls it a money grab
Tyler Perry's attorneys say a $77 million sexual assault lawsuit against him is fabricated revenge by an actor cut off from years of financial handouts.
Stephen Saad's Aspen Pharmacare predicts double-digit growth despite tough first half
Aspen Pharmacare reported a steep drop in first-half earnings due to one-off restructuring costs but expects double-digit profit growth by year-end.
Discovery CEO Adrian Gore says South Africa is at a critical turning point
Discovery CEO Adrian Gore says South Africa has turned a corner, pointing to hard data and a palpable shift in how people talk about the country.
Nigerian oil producer Moni Pulo turns 12 as CEO Seinye Lulu proclaims a “Season of Increase”
At its 12th Corporate Praise event, Moni Pulo's CEO declared a new season of growth, gas development and expanded reserves in Nigeria's Niger Delta.