Egypt's richest man Nassef Sawiris lifts OCI stake to 57% in $14 million purchase
Nassef Sawiris has bought 3 million more OCI shares for about €12.2 million, lifting his combined holding to 57.1% of the Dutch-listed company.
Latest
Burkinabè billionaire Idrissa Nassa pushes Coris Bank into Central African Republic
Coris Bank International, founded by Burkinabè businessman Idrissa Nassa, plans to open in the Central African Republic as it pushes into Central Africa.
Botswana tycoon Chandra Chauhan's Sefalana cuts dividend 60% as diamond slump hits profit
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
Nigerian pipeline security mogul Tompolo accused of abduction as contract tops $200 million
Youths from Warri have accused Government Ekpemupolo of abduction on video, as his pipeline security firm's federal contract passes $200 million since 2022.
Egyptian billionaire Hisham Talaat Moustafa wins final approval for $27 billion Cairo city
Egypt's cabinet has approved the country's first private investment zone with its own customs system for Hisham Talaat Moustafa's LE1.4 trillion Spine project.
Nigerian tech entrepreneur Olugbenga Agboola's Flutterwave is acquiring an East African bank
Flutterwave is acquiring an undisclosed bank in East Africa as Olugbenga Agboola builds a banking arm around the company's payments business.
South African billionaire Zak Calisto sells $6.3 million of Karooooo stock in four days
Karooooo founder Zak Calisto sold 98,476 shares worth $6.3 million across four consecutive trading days, with the stock close to its 52-week high.
Richelieu Dennis's ESSENCE Ventures buys into REVOLT's parent company
ESSENCE Ventures has bought a minority stake in REVOLT's parent company, giving founder Richelieu Dennis a board seat two years after Diddy exited.
South African tycoon Johnny Copelyn sets 2028 exit from HCI after 29 years
Johnny Copelyn will retire as HCI chief executive during FY2028 after 29 years, holding a stake in the company worth about R1.41 billion.
Aliko Dangote's sugar business swings from loss to $30 million H1 profit
Dangote Sugar Refinery posted a ₦41.51 billion half-year profit against a ₦24.27 billion loss a year earlier, as gross margin doubled to 24%.
Nigerian lottery magnate Kessington Adebutu's Wema and Vitafoam stakes exceed $300 million
Kessington Adebutu's Wema Bank stake is worth $291.27 million and his Vitafoam holding $21.08 million, built entirely on lottery money.
Nigerian tycoon Samuel Bolarinde's Vitafoam stake hits $25.3 million after 747% share surge
Samuel Bolarinde's 12.03% stake in Vitafoam Nigeria is worth ₦35.16 billion, or $25.3 million, after a 747% share price surge since 2025.
Billionaire Femi Otedola's First HoldCo to pay out 60% of profit as dividends
First HoldCo will pay out at least 60% of profit as dividends, a policy worth roughly ₦83 billion to chairman Femi Otedola on half-year earnings.
Nigerian billionaire Mike Adenuga's Conoil lifts half-year profit 472% as margins widen
Conoil lifted half-year profit 472% to ₦5.15 billion, yet paid ₦8.29 billion in finance costs, more than the company earned before tax.
Nigerian billionaire Abdul Samad Rabiu's BUA Foods lifts half-year profit 12% to $210 million
BUA Foods lifted half-year profit 12.4% to ₦292.27 billion as gross margins widened sharply, taking Abdul Samad Rabiu's stake to $11.26 billion.
Nigerian billionaire Victor Odili to pocket $19.9 million MTN interim dividend
Victor Odili's 5.08% stake in MTN Nigeria will earn ₦27.69 billion from the ₦26 interim dividend, on a holding now worth about $657 million.