Nigerian oil magnate Gabriel Ogbochie’s Eterna posts $103 million in half-year revenue
Eterna Plc posts $103.9 million H1 revenue and returns to profit, supported by FX gains, tighter cost controls, and stronger fuel distribution.
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South African billionaire Patrice Motsepe’s net worth falls by $200 million over 17 days
Patrice Motsepe’s net worth drops by $200 million in 17 days as African Rainbow Minerals battles profit declines and market pressure.
Fidelis Ayebae retires as Fidson CEO after building Nigerian drugmaker into $66 million giant
Ayebae steps down as Fidson CEO after 30 years; firm posts $3.97 million profit and plans $20 million capital raise.
Black billionaire Robert F. Smith’s Vista targets $200 million savings through loan market pivot
Robert F. Smith’s Vista Equity pursues $200 million savings by swapping costly private debt for syndicated loans.
British executive David Bird named CEO of Aliko Dangote’s $20 billion refinery
David Bird takes over $20 billion Dangote refinery as output rises and plans for public listing take shape in Nigeria.
Nigerian business executive Adegbite Falade steers Aradel to $240 million in H1 revenue
Aradel reports $240.5 million revenue, $95.7 million profit in H1 2025, fueled by strong crude output and asset expansion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts nearly $600 million in half-year revenue
BUA Foods posts $596 million revenue, $169.8 million profit in H1 2025 as sugar, flour, and pasta drive strong gains.
Nigerian businessman Kola Aluko’s former Bel Air mansion sells for $28.5 million after tumultuous history
Kola Aluko’s former Bel Air mansion, entangled in legal battles, sold for $28.5 million, marking the latest chapter in its tumultuous history.
Karl Toriola-led MTN Nigeria posts $1.57 billion in half-year revenue
MTN Nigeria posts $1.55 billion H1 revenue, swings to $271 million profit on soaring data, fintech growth, and improved forex environment.
Luxury Cape Town home once owned by Markus Jooste goes on sale for $5.8 million
A luxury estate once owned by Markus Jooste, the late CEO at the center of South Africa’s biggest corporate fraud, is up for sale in Hermanus for $5.8 million.
Palantir, led by Black billionaire Alex Karp, lands $10 billion U.S. Army contract
Palantir lands $10 billion U.S. Army contract as CEO Alex Karp drives AI-powered defense modernization.
Top 10 most expensive hotel rooms in Africa
From the dusty plains of the Serengeti to the glittering harbors of Cape Town, Billionaires.Africa profiles the ten most expensive hotel rooms in Africa.
Moroccan businessman Alami Lazraq loses $33 million as ADI shares fall
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
South Africa’s richest man Johann Rupert’s Remgro to unbundle shares in eMedia Holdings
Rupert’s Remgro to unbundle eMedia Holdings shares in a move aimed at streamlining media holdings and boosting shareholder value through direct exposure.
South African billionaire Jannie Mouton gains $52 million from Capitec stake
Capitec Bank's stock rally boosts Mouton's fortune, reinforces bank’s status as Africa’s leading retail bank.
Nigerian oil mogul Wale Tinubu’s Oando reports $1.12 billion in half-year revenue
The company also posted a net profit of $41.3 million, boosted by a tax credit and a recovery from earlier losses tied to asset impairments.