Billionaire Peter Thiel acquires $76 million stake in an Argentine shale oil producer
Peter Thiel's hedge fund bought about 1% of Vista Energy for $76 million, four months after he met Argentine President Javier Milei.
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Late Nigerian banker Herbert Wigwe's university has a fifth of the students he planned
Herbert Wigwe planned 1,400 students in his university's first year. As tributes marked his 60th birthday, it has about 300.
Zimbabwean tycoon Billy Rautenbach may bid for the safari camp his rival was forced to leave
ZimParks will tender Chewore Lodge after courts voided Terry Kelly's lease. Billy Rautenbach's Big Five Safaris can bid for it.
Turkish billionaire Fuat Tosyalı's Algerian plant sets a world iron production record
Tosyali Algerie produced 248,601 tonnes of iron in May, a world record for a single Midrex plant and Algeria's biggest non-oil exporter.
Madagascar's richest man Ylias Akbaraly attacks Elon Musk's layoffs in a new book
Madagascar's richest man Ylias Akbaraly criticises Elon Musk's mass layoffs in a new memoir, saying job cuts expose people to social death.
Dangote's sugar company raises $356 million in oversubscribed rights issue after years of losses
Aliko Dangote's Dangote Sugar Refinery has raised $356 million in an oversubscribed rights issue to cut debt and expand local production after years of losses.
Eswatini billionaire Nathan Kirsh crosses $20 billion, becoming the third African to reach the mark
Eswatini billionaire Nathan Kirsh has crossed $20 billion, becoming the third African past the mark, after selling his Restaurant Depot business to Sysco.
Australian mining billionaire Gina Rinehart's biggest US bet is now Elon Musk's SpaceX
Gina Rinehart bought 8 million SpaceX shares worth $1.37 billion in the second quarter, making it her largest US-traded holding.
Late Home Depot billionaire Bernie Marcus's foundation funds a $28.7 million heart trial
The Marcus Foundation has given $28.7 million to USC for a stem cell trial to regenerate heart muscle destroyed by heart attacks.
Aliko Dangote's $5 billion refinery IPO will list in Nigeria alone for at least three years
Dangote's refinery has applied for a $5 billion IPO aimed at Nigerian retail investors, with no foreign listing for at least three years.
Indian billionaire Mukesh Ambani's Reliance will build fighter jet engines with Rolls-Royce
Reliance Industries, controlled by billionaire Mukesh Ambani, will partner Rolls-Royce on engines for India's fifth-generation fighter jet.
American billionaire Jeff Bezos is buying into Liverpool at a record $7 billion valuation
Jeff Bezos has joined a consortium buying about 30% of Liverpool from Fenway Sports Group at a valuation above $7 billion.
Brett and Mark Levy's Blu Label warns earnings will crater more than 80%, but only on paper
Blu Label, led by tycoons Brett and Mark Levy, expects earnings to fall more than 80% and swing to a loss for the year.
Kenyan tycoon Paul Ndung'u's Car & General stake soars past KSh 1.6 billion in NSE rally
Kenyan tycoon Paul Ndung'u's stake in Car & General has gained about KSh 1.5 billion after the motorcycle and finance group's shares rallied nearly 885%.
Elon Musk's SpaceX turns Alphabet's $900 million investment into $94 billion, a 100-fold return in 10 years
Alphabet's $900 million bet on SpaceX in 2015 has grown more than 100-fold to $94 billion, making Google's parent the largest single institutional holder of Elon Musk's rocket company.
Africa Finance Corporation takes equity in Aliko Dangote's refinery after recovering its $300 million loan
Africa Finance Corporation has taken equity in Aliko Dangote's oil refinery through its $2.5 billion placement, months after the refinery repaid a $300 million loan.