Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint UK arm faces $1.2 million loss
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.
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Nairobi-based entrepreneur Farouk Ramji drives Mawingu to $20m funding success
Mawingu Networks raises $20 million from Pembani Remgro to expand affordable internet across Kenya and Tanzania under CEO Farouk Ramji.
Aspen’s market slide wipes $20 million off Stephen Saad’s stake
Stephen Saad’s Aspen Pharmacare stake drops by $20 million as the company’s stock slips 6 percent on the Johannesburg Stock Exchange (JSE).
Nigerian billionaire TY Danjuma's family office trims loss in 2024, keeps $114 million asset base
Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Egyptian billionaire Yasseen Mansour's Palm Hills posts $3.8 billion sales in 9 months
Palm Hills Developments, led by Yasseen Mansour, saw sales jump 40% to $3.8 billion in nine months, marking another record for the Cairo developer.
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Ivorian tycoon Koné Dossongui to buy gold mine for $305 million
Koné Dossongui is expanding his business empire into gold mining through a $305 million deal with Canadian miner Barrick Gold for the Tongon mine in Côte d’Ivoire.
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.
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.