Femi Otedola boosts stake in First Bank parent with new shares worth $10 million
Nigerian billionaire Femi Otedola bought $10 million in First HoldCo shares, lifting his stake to 17.56% as earnings rose.
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Brandt collapses in France, costing 700 jobs as Algeria’s richest man Issad Rebrab takes a hit
A French court ordered Brandt into liquidation, ending Cevital’s European bet and costing about 700 jobs despite a worker-led rescue plan.
Egyptian billionaire Naguib Sawiris wants to run 3 airports as government opens operations to private bids
Naguib Sawiris says he wants to run Hurghada, Luxor and Sohag airports as Egypt courts private operators to upgrade tourism gateways.
Fitch affirms Eqdom rating as Elalamy family’s Saham tightens control of Morocco’s consumer lender
Fitch affirmed Morocco’s Eqdom at AA-(mar) with a stable outlook, citing expected support from Saham Bank and improving loan recoveries.
Nigerian investor Michael J. Prest challenges Bank of Zambia over Investrust liquidation
Michael J. Prest’s BONI Global says a settled Investrust share purchase was later denied, leaving investors asking what protections exist in Zambia.
Multimillionaire tycoon Ravatomanga seeks relief after Madagascar freezes Sodiat accounts
Maminiaina Ravatomanga’s lawyers want Madagascar’s anti-graft court to allow limited payments after Sodiat-linked accounts were frozen in a laundering probe.
Moroccan real estate tycoon Alami Lazraq’s stake in ADI dips below $700 million
Alami Lazraq’s stake in ADI falls below $700 million as shares slide, highlighting pressure on Morocco’s property market.
Egyptian billionaire Hisham Talaat Moustafa unveils hospitality hub in Cairo
The new destination, branded “The Village,” officially opens this week and is designed to serve the rising number of residents moving into Celia.
Fidelis Ayebae's Fidson targets $14.4 million raise for pan-African expansion
Fidson Healthcare plans a $14.4 million rights issue to expand drug production and sales across Africa after a strong earnings surge.
Cameroon pauses move to seize MTN Mobile Money pool funds in case linked to Baba Danpullo
Cameroon has paused a recovery effort aimed at MTN’s Mobile Money pool account at Afriland, easing pressure in the Danpullo-linked dispute.
South African businessman Adrian Gore sells $3 million in Discovery shares
South African businessman Adrian Gore sells $3 million in Discovery shares while managing a $590 million stake and hedging risks.
Patrice Motsepe’s firm says South African court can decide $195 million Tanzanian lawsuit
South African court weighs $195 million claim by Tanzanian firm Pula against Patrice Motsepe’s African Rainbow Capital.
Egyptian billionaire commits to highest standards in $5 billion Oman projects
Hisham Talaat Moustafa says Talaat Moustafa Group will apply its Egyptian standards to more than $5 billion real estate developments in Oman.
NMDPRA chief resigns after Dangote calls for probe into $5 million tuition claims
Farouk Ahmed resigns amid Aliko Dangote’s call for investigation into $5 million tuition payments for four children in Switzerland.
Ghanaian businessman Ibrahim Mahama signs $37 million deal for Black Volta gold project
Ibrahim Mahama secures $37 million equipment deal for Black Volta gold project, advancing Ghana mining operations toward 2027 production.
Ghanaian energy mogul Kevin Okyere’s Springfield faces offshore debt scrutiny
Springfield Group, led by Kevin Okyere, faces scrutiny over offshore drilling debts as Ghana weighs acquiring its WCTP2 oil block stake.