Naguib Sawiris becomes Egypt’s first billionaire worth $10 billion
Egyptian billionaire Naguib Sawiris has become the country’s first to surpass $10 billion in net worth, driven by a surge in gold prices boosting his mining assets.
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Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake falls below $90 million
Kessington Adebutu’s Wema Bank stake drops below $90 million as shares fall amid selling pressure on the Nigerian Exchange.
Harrods sets aside $83 million for victims of Egyptian billionaire Mohamed Al-Fayed
Harrods sets aside $83.9 million for victims of late Egyptian billionaire Mohamed Al-Fayed’s alleged abuse.
Adrian Gore’s Discovery Green inks 20-year deal to power mines
Discovery Green and Glencore sign a 20-year renewable deal to power South African mines and reduce carbon emissions.
South African tycoon Stephen Brookes’ Balwin hit by Airbnb court dispute
Balwin, led by South African tycoon Stephen Brookes, faces legal fight as Airbnb rentals divide Blyde Estate homeowners, investors, and developers.
Nigerian entrepreneur Seyi Ebenezer’s Payaza repays $13.9 million commercial paper
Payaza Africa, founded by Nigerian entrepreneur Seyi Ebenezer, has repaid $13.9 million under its $34.1 million commercial paper program, reinforcing investor confidence.
Tope Shonubi’s Sahara Group eyes 350,000 barrel output with 7 new rigs
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
Tanzanian businessman Ally Awadh secures slice of Kenya’s cooking gas market
Tanzanian businessman Ally Awadh’s Lake Gas gains 2 percent of Kenya’s cooking gas market with a new $60 million terminal in Vipingo.
Africa's richest man breaks ground on $2.5 billion fertiliser plant in Ethiopia
Aliko Dangote launches a $2.5 billion fertiliser complex in Ethiopia, aiming to transform agriculture, boost food security, and drive Africa’s industrialisation.
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secures $200 million loan
CRDB Bank, led by Tanzanian banker Abdulmajid Nsekela, secured a $200 million syndicated loan after record investor demand surpassed expectations.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake tops $1 billion after rebound
Hisham Talaat Moustafa’s fortune has rebounded past $1 billion as TMGshares surge, signaling renewed investor confidence in Egypt’s real estate market.
Mukuha family's Naivas becomes Kenya’s first retailer to reach 110 stores
Naivas, Kenya’s top homegrown retailer, has opened its 110th store in Kiambu, marking 35 years of steady growth and reaffirming its market leadership.
Jamaica’s richest man Michael Lee-Chin invests $500,000 in digital ad firm Visual Vibe
Michael Lee-Chin’s Portland PJX invests US$500,000 in Jamaica’s Visual Vibe, backing the island firm’s move toward a pre-IPO expansion.
Algeria’s richest man Issad Rebrab faces test as France puts home-appliance maker Brandt in receivership
A French court put Cevital’s Brandt into receivership, testing Issad Rebrab’s cross-border bet and putting 750 French jobs under court protection.
Tanzania moves to seize tea assets from Africa’s youngest billionaire Mo Dewji
Facing political and financial pressure, Tanzania moves to seize MeTL’s tea assets in a high-stakes showdown with Africa’s youngest billionaire.
South African billionaire heir Hanneli Rupert is building Africa’s next luxury brand—on her terms
Born to South African luxury royalty, Hanneli Rupert is building an ethically minded brand—and network—on her own terms.