Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
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Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.
Directline CEO petitions court to arrest Kenyan media mogul SK Macharia
Directline CEO Sammy Kanyi asks court to arrest tycoon SK Macharia over alleged boardroom takeover.
South African tycoon Christopher Seabrooke’s Sabvest stake rebounds to nearly $100 million
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Nigerian billionaire Arthur Eze secures four oil blocks in Liberia
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.
Nigerian industrialist Oskar Ibru, chairman of Ibru Organization, dies at 67
Nigerian industrialist Oskar Ibru, chairman of the Ibru Organization and eldest son of Michael Ibru, has died at 67 after a brief illness.
Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall
The opening forms part of Pick n Pay’s turnaround plan, which includes revamping existing outlets, closing weaker stores and introducing new formats.
Uganda court battle puts Malagasy businessman Hassanein Hiridjee in spotlight
Malagasy businessman Hassanein Hiridjee faces a Uganda tower takeover dispute as AXIAN expands across Africa.
Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Nigerian energy mogul Ahonsi Unuigbe named Marconi.NG EPC chairman
Nigerian energy mogul Ahonsi Unuigbe takes the helm at Marconi.NG EPC, operator of West Africa’s largest and most advanced fabrication yard.
Salimo Abdula to support 15,000 youth in Mozambique
Salimo Abdula Foundation partners with FieldReady to train 15,000 Mozambican youth in entrepreneurship and business development.
Kenyan tycoon SK Macharia fires staff in office raid, ignoring court rulings
Samuel Kamau Macharia entered Directline Assurance offices, dismissed staff, and ignored court rulings, prompting police and regulatory investigations.
Egyptian tycoon Safwan Thabet gains $40 million as Juhayna shares rebound
Safwan Thabet’s Juhayna stake rises $40 million as shares rebound, boosting the Egyptian consumer goods leader’s market value.
Prosus, led by South African billionaire Koos Bekker, takes Rapido stake in $270 million deal
Prosus, chaired by Koos Bekker, invests $221.76 million in India’s Rapido, deepening its push into mobility after Swiggy’s exit.
John Kimani, one of Kenya’s richest men, boosts Centum stake to $8.2 million
Kenyan tycoon John Kimani raises his Centum stake to $8.2 million, strengthening his influence in Nairobi’s investment scene.
Seplat Energy, co-founded by Austin Avuru, to invest up to $3 billion in Nigeria
Seplat Energy to invest up to $3 billion in Nigeria after the Exxon deal, boosting oil and gas output, shareholder returns, and local energy access.