Billionaire Hisham Talaat Moustafa's TMG posts 24% Q1 profit jump to 110 million dollars
Hisham Talaat Moustafa's TMG posted a 24% Q1 profit rise to EGP 5.5 billion ($110 million) on strong Egyptian and Saudi real estate sales.
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The Inside Story: Mombasa Over Tanga — What Dangote’s Refinery Site Pivot Tells Us About East African Political Economy and the Race for the Continental Energy Hub
Aliko Dangote's decision to lean toward Mombasa over Tanzania's Tanga port for a $15-17 billion East African refinery is the public crystallization of a regional political rift building for weeks.
Executive Insight: Macron’s $27 Billion African Pivot — What the Africa Forward Summit Tells Foreign Investors About the End of Françafrique and the New Architecture of European Capital in Africa
Macron's $27 billion Nairobi summit is the deliberate end of Françafrique and the substitution of private-sector European capital for the public-sector colonial architecture that preceded it.
African Wealth Briefing — Wed., May 13, 2026
Aliko Dangote anchors Macron's $27 billion Nairobi summit and confirms Mombasa as his preferred $17 billion East African refinery site; Sawiris reorganizes Orascom for the $50 billion Abu Dhabi platform.
Equity Group CEO James Mwangi says African governments must fix three structural barriers or risk losing the investment decade
Equity Group CEO James Mwangi told the Africa Forward Summit in Nairobi that African governments must fix three structural barriers or risk losing the investment decade.
Ghanaian tycoon Daniel Ofori wins the final round of his 18-year legal war against Ecobank at the Supreme Court
Ghana's Supreme Court has dismissed Ecobank Ghana's final legal attempt to avoid paying compound interest to investor Daniel Ofori in a dispute that began in 2008.
Koos Bekker's Prosus offloads another 5% of Delivery Hero to Aspex for €335 million under EU pressure
Koos Bekker's Prosus sold a 5 percent Delivery Hero stake to Hong Kong's Aspex for €335 million in its second EU-mandated divestment.
Algeria is trying to sell jailed tycoon Ali Haddad's Barcelona hotel but a mystery contract is blocking the deal
Algeria is attempting to sell a Barcelona hotel belonging to jailed billionaire Ali Haddad, but a pre-existing contract is blocking the transaction, French-language reporting confirms.
Cameroonian media mogul Jean-Pierre Amougou Belinga's murder trial delayed a month over counsel absence
The murder trial of Cameroon media tycoon Jean-Pierre Amougou Belinga has been adjourned for a month after a key defence lawyer traveled abroad during proceedings.
Nigeria's richest woman Folorunsho Alakija ends her decade as UNIOSUN chancellor and hands over to BOVAS founder Victoria Samson
Folorunsho Alakija has ended her decade as Osun State University chancellor, with BOVAS Oil and Gas founder Victoria Samson named as her successor on May 10.
Cameroon's presidency orders official checks into billionaire Baba Danpullo's three-year legal war against MTN as dispute enters new phase
The Cameroon presidency has ordered official checks into the long-running legal dispute between billionaire Baba Danpullo and MTN Cameroon, signaling new scrutiny of one of Central Africa's most consequential business fights.
Moroccan billionaire Anas Sefrioui sells his French cement plant and doubles down on Africa
Moroccan billionaire Anas Sefrioui has sold his only French cement plant and is redirecting capital toward Africa, where his CIMAF network already spans more than a dozen countries.
Patrice Motsepe doubles SOLA Group stake to 83% in R20 billion bet on South Africa's renewables boom
Patrice Motsepe's African Rainbow Energy raised its stake in SOLA Group to 83 percent, taking control of South Africa's largest corporate renewables platform.
Kola Karim's Shoreline Group signs a $300 million deal with Accor to build 10 hotels across 8 Nigerian cities by 2030
Kola Karim's Shoreline Group has signed a $300 million deal with Accor to develop 10 hotels across 8 Nigerian cities by 2030, creating Nigeria's first nationwide hotel platform.
Aliko Dangote sits inside Macron's $27 billion Africa investment moment in Nairobi
Aliko Dangote joined more than 30 heads of state in Nairobi as French President Emmanuel Macron unveiled a $27 billion African investment package.
Anil Dua buys First HoldCo shares worth 119,000 dollars as insider purchase rides bank rally
Anil Dua, a non-executive director on First Bank of Nigeria's board, has bought 2.56 million First HoldCo shares worth N177.9 million ($119,000).