Egyptian billionaire El-Sewedy family’s group plans $500 million investment in Saudi Arabia, Qatar
Egypt’s El-Sewedy Electric plans $500 million investment in Saudi Arabia and Qatar to expand factories and power infrastructure.
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1,706 employees of Nigerian billionaire Abdul Samad Rabiu now $20.7 million richer
1,706 BUA Group employees receive $20.7 million in cash awards at the annual BUA Night of Excellence Long Service Awards held at Eko Hotel & Suites.
Dangote presses regulators, urges probe of NMDPRA chief over $5 million Swiss tuition
Aliko Dangote criticizes fuel imports, calls for transparency in Nigeria’s refinery sector and urges probe of NMDPRA chief over $5 million Swiss tuition.
Egyptian billionaire Hisham Talaat Moustafa gains $90 million as TMG shares rise
Egyptian billionaire Hisham Talaat Moustafa sees wealth rise by $90 million as TMG shares rally, lifting market value above $3 billion.
Alex Karp’s Palantir renews multi-year deal with French intelligence
Palantir renews a three-year intelligence contract with France’s DGSI, extending its role in national security data analysis.
Kenyan businessman Paul Ndung’u faces $2.9 million repayment in SportPesa dispute
A London court ordered Kenyan businessman Paul Ndung’u to repay $2.9 million to former partners after losing a bid to reclaim a stake in SportPesa.
Kenyan entrepreneur Shilen Thakerar’s Crown Healthcare to build new pharma plant with $10 million
Kenyan entrepreneur Shilen Thakerar’s Crown Healthcare secured $10 million to build a local drug plant, boosting Kenya’s push to cut reliance.
Palm Hills, Marriott plan St. Regis near Grand Egyptian Museum in West Cairo
Palm Hills and Marriott plan a St. Regis near the Grand Egyptian Museum, adding new hotel rooms and branded residences to West Cairo.
Africa’s richest people are warming up to Instagram - here’s why
Africa’s richest used to feel like rumors. Now they post - workouts, sermons, boardroom snaps - making billionaires oddly familiar, one scroll at a time.
Algeria’s richest man Issad Rebrab hit as Brandt folds, 700 jobs lost
Algeria’s richest man Issad Rebrab faces setback as Brandt folds, 700 jobs lost and foreign investment challenges grow.
Presco, led by Nigerian tycoon Rasheed Sarumi, adds 10,000 hectares
Presco, chaired by Rasheed Sarumi, expands its palm oil operations with a 10,000-hectare land acquisition in Cross River State.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Nigerian billionaire Abdul Samad Rabiu gives $20.7 million to long-serving employees
Abdul Samad Rabiu shares $20.7 million in cash rewards with long-serving BUA Group employees, reinforcing loyalty across the conglomerate.
Nigerian-Lebanese billionaire Gilbert Chagoury promotes ORCA’s mega-showroom as Lagos bets big on premium retail
Backed by ambassador Gilbert Chagoury, ORCA’s four-floor showroom opens in Eko Atlantic, bringing scale, jobs and confidence to Lagos’ premium retail market.
Elon Musk’s Starlink could soon reach South Africa
Starlink, Elon Musk’s satellite internet service, may soon expand to South Africa as the government eases foreign ownership rules.
Insider trading complaint surfaces after South African billionaire Jannie Mouton’s Curro buyout wins approval
South Africa’s regulator reviews suspicious Curro share trades after Jannie Mouton Foundation secured approval for a 7.2 billion rand buyout.