Billionaire Mike Adenuga’s Globacom to launch public Wi-Fi in Lagos under new deal
Globacom teams up with Wave5 to deploy public Wi-Fi in Lagos, aiming to ease congestion and expand digital access.
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South Africa’s Ackerman family gains $14.3 million from Pick n Pay stake
Pick n Pay’s recent rally lifts Ackerman family’s stake above $185 million, reversing May losses.
Africa’s richest 5 percent control $4 trillion, twice the rest of the continent
That staggering imbalance is at the heart of a new Oxfam report that lays bare the depth of inequality spreading across the continent.
Accelerate Property Fund,partly owned by Michael Georgiou, faces $44.8 million impairment amid fresh deal
Accelerate Property Fund may write down R800m debt tied to Fourways Mall deal as it opens a $5.57 million rights offer amid stalled restructuring talks.
Africa's richest man, Aliko Dangote, plans Nigeria’s biggest seaport
This infrastructure will enhance logistics for Dangote’s fertilizer and oil refinery operations, including planned exports of liquefied natural gas (LNG).
Algerian-born French beauty mogul Sue Nabi’s Coty stake swells by $13 million
Coty CEO Sue Nabi’s stake rose to nearly $160 million after a nearly 9% stock increase, signaling growing investor confidence in the beauty giant’s direction.
Kenyan executive Peter Ndegwa pockets $2.3 million salary from Safaricom
Kenyan CEO Peter Ndegwa received $2.3 million from Safaricom, reflecting growth in share-based awards despite profit declines.
Accelerate Property Fund, partly owned by Michael Georgiou, launches $5.57 million rights offer
Accelerate Property Fund launches $5.57 million rights offer as it seeks to stabilize finances and renegotiate Fourways Mall deal.
Mozambique, Aiteo launch 240,000 bpd refinery to position nation as regional energy hub
Aiteo signs EPC deal to build 240,000 bpd Mozambique refinery, boosting energy security and cutting fuel imports in Southern Africa.
Egyptian billionaire Samih Sawiris’ Mamula Island enters new era with Banyan Group
Egyptian billionaire Samih Sawiris’ Mamula Island hotel begins a Banyan Tree rebrand after a seven-year restoration of the historic fortress.
Nigerian billionaire Femi Otedola’s Geregu Power sees $57 million in 2025 half-year revenue
Geregu Power, led by Femi Otedola, posts steady $57.4 million revenue in H1 2025, showing strength in a tough energy market.
Uganda's richest man Sudhir Ruparelia launches new Grade-A office park in Kampala
The 19-story tower, completed this month, is the first phase of the sprawling Pearl Business Park, a multi-billion-dollar development that aims to create a mixed-use enclave featuring office spaces, retail outlets, health facilities, and leisure amenities.
Burna Boy Inc.: From Afrobeats icon to multimillion-dollar mogul
Being Burna is big business. Over the past half decade, Nigeria's most popular cultural export has racked up tens of millions of dollars in everything from international tours and private gigs to endorsements and his own cannabis brand.
Rihanna faces billionaire exit as Fenty valuation falters
Rihanna’s fortune slips from $1.4 billion to $1 billion as Fenty brands face slowing sales, cost pressures, and global beauty market fatigue.
Egyptian billionaire Hisham Talaat Moustafa’s TMG shares top $1 billion again
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
Prosus, led by South African billionaire Koos Bekker, backs Brazil’s Ursula AI in $3.6 million round
The $3.6 million (R$20 million) seed round was led by Village Global, with participation from Prosus Ventures and Worldbuild.