African private equity firm Kibo Capital Partners keeps cashing out as its last fund winds down
Kibo Capital Partners is selling down its remaining portfolio, extending a run of exits that includes banking and logistics across East Africa.
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Cameroonian businessman Paul Fokam’s Afriland tops $3.6 billion in assets
Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Nigerian businessman Nzan Ogbe's Levene Energy secures $64 million Afreximbank loan for Axxela stake
Afreximbank approved a $64 million facility for Levene Energy as founder Nzan Ogbe pushes deeper into Nigeria’s gas infrastructure.
7 African Billionaires Betting Big on Cement
From Lagos to Casablanca, homegrown moguls turned limestone into fortunes, reshaping Africa’s cement map and building booms.
Aliko Dangote petitions anti-corruption agency to probe ex oil regulator Farouk Ahmed
Dangote has asked Nigeria’s EFCC to investigate former oil regulator Farouk Ahmed, escalating a dispute over alleged lavish spending and abuse of office.
Tanzanian billionaire Said Bakhresa adds Malawi soap factory after $100 million soya plant
Said Bakhresa is expanding manufacturing in Malawi with a new soap factory, months after launching a 100 million dollar soya plant.
Will.i.am unveils AI-powered electric vehicle
Will.i.am unveils AI-powered TRINITY, a luxury three-wheel EV launching 500 units in 2027.
Nigerian energy mogul Wale Tinubu recounts $9,000 bet that became $300 million
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
Meet the Kenyan beer tycoon challenging Diageo's $2.3 billion EABL sale to Asahi
Peter Burugu built a beer distribution empire after leaving EABL. Now he is in court, trying to stall Diageo’s $2.3 billion exit.
King Mohammed VI lists late mother’s Paris homes for $35 million
Morocco’s royal family has listed three Paris area properties tied to the late Princess Lalla Latifa, drawing fresh attention to royal wealth.
Malawi’s richest man Hitesh Anadkat gains $1.69 billion from FMB Capital in 2025
Malawi’s richest man Hitesh Anadkat gains $1.69 billion as FMB Capital shares climb 475 percent in 2025.
Africa’s richest man, Aliko Dangote, starts 2026 with $410 million net worth increase
Aliko Dangote’s net worth rises $410 million to $30.4 billion driven by Dangote Cement gains and investor confidence.
Employees allege unpaid work as Diddy serves federal sentence
Employees claim unpaid work as Sean “Diddy” Combs serves 50-month federal sentence; a third-party firm now reviews expenses.
Oil tycoon Wale Tinubu salutes Otedola, Elumelu deals reshaping Nigeria’s energy sector
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
Runa Alam's DPI seals $200 million exit in African banking deal
DPI founder Runa Alam scored a $200 million exit as Morocco’s BCP bought the remaining stake in Atlantic Business International.
Nigerian logistics tycoon Taiwo Afolabi maps SIFAX expansion across West Africa
Nigerian logistics tycoon Taiwo Afolabi outlines SIFAX Group’s 2026 strategy, focusing on technology, execution and expansion across West Africa.