Egyptian billionaire unveils coastal city in UAE
Naguib Sawiris' Ora Developers launches Bayn, a coastal city in Ghantoot, blending vibrant urban living with serene Arabian Gulf waterfront.
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Nigerian-Lebanese billionaire Bassim Haidar backs Reform UK with $1.3 million
A longtime supporter of the Tories, Haidar is now backing Nigel Farage, whom he believes can restore the UK to its former glory.
Mike Adenuga, before the billions, was Africa’s leading car stereo importer
Before building his empire, Adenuga spotted an early opportunity in an unexpected place: car stereos.
Heirs of Peter Mukuha Kago in fresh feud over Naivas
Heirs of the late Naivas founder, Peter Mukuha Kago, are at odds once again, questioning the fairness of the judiciary in their ongoing dispute over the multi-billion-shilling estate.
Aliko Dangote’s Dangote Cement posts $130 million profit in Q1 2025
Despite challenges, Dangote Cement's revenue grew 21.7%, reaching N994.7 billion ($618.3 million), up from N817.35 billion ($508.4 million).
Absa Bank led by Sello Moloko faces fresh sanctions
This development comes after an inspection in 2022 that revealed lapses in Absa's adherence to critical regulatory requirements.
Femi Otedola, before the billions, was Nigeria’s largest private shipowner
In the early 2000s, before the headlines, Otedola focused on building Nigeria’s largest privately owned shipping fleet.
Stephen Saad loses $130 million as Aspen shares fall amid contract dispute
This follows a $148.7 million contract dispute tied to mRNA technology.
Edha Nahdi's Bamburi Cement launches concrete plant in Mombasa
Bamburi Cement, now owned by Edha Nahdi’s Amsons Group, has launched a new concrete plant in Mombasa to meet rising demand and fuel its recovery.
Patrice Motsepe’s firm barred from phosphate asset
Conservationists have fought against the project from the start, warning it could cause lasting damage to one of South Africa’s most sensitive ecosystems.
Johann Rupert’s Richemont finalizes YNAP divestment to Mytheresa
Richemont finalizes $609.7 million YNAP divestment to Mytheresa, marking a major shift in luxury e-commerce and boosting Mytheresa’s global market position.
Vukile, led by Laurence Rapp, completes $7.5 million Bedworth Center upgrade
The upgrade is part of Vukile’s ongoing effort to invest with real purpose, shaping spaces that are built around the people who use them every day.
Manu Chandaria: Kenyan industrialist behind billion-dollar conglomerate
At 96, Chandaria is still at the helm, guiding Comcraft into its next phase with plans to take key subsidiaries public.
EFCC declares Aisha Achimugu wanted in $150 million fraud case
EFCC declares Aisha Achimugu wanted in a $150.3 million fraud probe involving offshore oil assets, money laundering, and 136 suspicious bank accounts.
Top 10 richest families in Africa
Africa’s wealthiest families shape industries, from Nigeria’s Dantatas to South Africa’s Ruperts, leaving lasting economic legacies through strategic investments.
Sibanye suffers $311 million loss under Neal Froneman
Sibanye-Stillwater narrows 2024 loss to $311 million under Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.