Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue
IBL Group, led by Arnaud Lagesse, reports $109.1 million profit, down 11%, as revenue climbs to $2.65 billion.
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Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock
Egyptian billionaire Sadek El-Sewedy sees $18.6 million rise in Elsewedy Electric shares as the company’s market cap exceeds $3.3 billion.
Cameroonian tycoon Oumarou Fadil invests $1.79 million in Garoua grain complex
Oumarou Fadil is putting 1 billion CFA francs ($1.79 million) into a Garoua agro-processing plant, leveraging fresh tax breaks to boost Cameroon’s food output.
Court stops oil union strike against Dangote refinery
A Nigerian court halts PENGASSAN’s planned strike against Dangote Refinery amid warnings of sabotage and fuel supply risks to Africa’s biggest economy.
Mounir Nakhla’s MNT-Halan rolls out Egypt’s first digital secured loan
Mounir Nakhla’s MNT-Halan unveils Egypt’s first digital secured loan, offering fast, collateral-backed credit.
Aig-Imoukhuede-led Access Holdings gets $10 million to boost SME growth in Sierra Leone
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.
U.S.-Nigerian mogul Sam Darwish’s IHS stake slips below $90 million
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
South African billionaire Koos Bekker-led Prosus enters France with $1.3 billion deal
The all-cash deal, valued at $1.3 billion, gives Prosus’s classifieds arm OLX its first major foothold in France, Europe’s second-largest car market.
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank
Ivorian cotton king Koné Daouda Soukpafolo takes majority control of Versus Bank, pledging billions in new investment.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
Africa’s richest man Aliko Dangote sees net worth rebound to $29 billion
Africa’s richest man Aliko Dangote regains $29 billion net worth, driven by cement gains and refinery exports.
Dangote lashes out at Nigerian oil union over ‘economic sabotage’
Africa’s richest man accuses Nigeria’s powerful oil union of decades-long sabotage, blaming it for energy shortfalls and hardship for millions of citizens.
SportPesa investor Asenath Wacera back in spotlight amid renewed scrutiny
A viral blog thrusts SportPesa investor Asenath Wacera into view, reviving her early role as the widow of ex-Nairobi mayor Dick Wathika.
Nigerian billionaire Abdul Samad Rabiu hails President Tinubu’s reforms for economic gains
BUA Chairman Abdul Samad Rabiu praises Tinubu’s reforms for stabilizing the naira, lowering food prices and encouraging private-sector investment despite ongoing economic pressures.
Nigerian tycoon Tein Jack-Rich’s Belemaoil struggles as wife’s Elin Air takes off
Belemaoil struggles with low output on OML 55 while Elizabeth Jack-Rich’s Elin Group gains ground in Nigeria’s aviation sector, redefining the Jack-Rich business empire.