Aliko Dangote’s sugar business eyes Ghana’s $162 million import market
Dangote Sugar expands into Ghana with a $162 million project to reduce imports, boost agro-industrial output, and support local supply under AfCFTA.
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Sulaiman Adebola Adegunwa’s Rite Foods slams $1 million lawsuit on rival
Rite Foods sues Mamuda Beverages for $1 million, accusing the company of copying its Fearless Energy Drinks’ design and infringing on its trademark.
Naguib Sawiris leads $47 million Pyramids of Giza upgrade
This comes after growing complaints from tourists about poor management, aggressive traders, and disturbing reports of animal cruelty.
Ghabbour family’s GB Corp stake surges past $300 million
The recent rally has boosted the market value of the Ghabbour family’s 63.4% stake by $23.48 million, increasing from $279.94 million to $303.42 million.
7 African billionaires pouring millions into the future of sports
Africa’s richest are reshaping sports, from rugby and football to basketball, using wealth to drive youth empowerment, global expansion and local impact.
15 companies owned by Nigerian energy tycoon ABC Orjiako
ABC Orjiako built a vast empire spanning oil, logistics, and healthcare, despite legal battles tied to his exit from Seplat Energy.
Baloobhai Patel acquires $1.2 million more shares in Absa Kenya
Baloobhai Patel ups Absa Kenya stake by $1.2 million, showing confidence in lender's growth as bank posts strong profit despite tough macro conditions.
Gautam Adani’s port arm eyes South Africa amid expansion push
Adani Ports is evaluating a push into South Africa as it seeks to expand across African trade routes after turbulence slowed its international momentum.
Rajiv Ruparelia, only son of Uganda’s richest man, dies in car crash
Rajiv was driving a high-performance Nissan GTR along the Kajjansi – Munyonyo Road near the Busabala Flyover junction when the crash occurred.
Adaora Umeoji leads Zenith Bank to $194.4 million profit in Q1 2025
Adaora Umeoji led Zenith Bank to a $194 million first-quarter profit in 2025, reinforcing its position as Nigeria’s most profitable lender.
Elon Musk’s Starlink wins Congo license after earlier ban
Congo lifts ban on Elon Musk’s Starlink, clearing the way for satellite internet in underserved regions amid efforts to expand access across Africa.
Aliko Dangote reaffirms $30 billion revenue target amid U.S. tariff
Aliko Dangote reaffirms his $30 billion revenue target by 2026, undeterred by shifting U.S. tariffs and global trade tensions under Donald Trump.
Moulay Hafid Elalamy shifts focus to banking expansion, exits Paris real estate
Moulay Hafid Elalamy is exiting Paris real estate to focus on Saham Group’s banking expansion, including acquiring Société Générale’s Moroccan operations.
Christopher Seabrooke gains $11 million from Sabvest stake
This comes after a tough period earlier in the year when Seabrooke saw his wealth dip by $6.35 million due to a decline in the company’s stock price.
Abdul Samad Rabiu signs deal to boost Nigeria's food security
Abdul Samad Rabiu's BUA Group has partnered with Turkish firm Agrimac Makina Limited to install wheat handling equipment with a 2 million metric tonne annual capacity.
Eaton posts $6.4 billion in Q1 sales as Craig Arnold plans retirement
Eaton posts record $6.4 billion Q1 2025 sales as CEO Craig Arnold prepares to retire, driven by 9% organic growth in core segments despite global headwinds.