Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
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Beyoncé hits billionaire status, Forbes says, powered by Cowboy Carter tour, NFL halftime payday and Parkwood’s tight control
Forbes says Beyoncé is now a billionaire, with Cowboy Carter tour receipts, a pricey NFL halftime show and Parkwood control driving her take home.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Nigerian real estate tycoon Umar Abdullahi gifts employees $2.7 million in Cosgrove properties
At Cosgrove’s Abuja retreat, Umar Abdullahi approved ₦4 billion ($2.7 million) in properties for staff, linking rewards to faster delivery and growth in 2026.
Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
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.
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.