Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
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Inside the rise and fall of Mvelaphanda, the empire South African tycoon Tokyo Sexwale built
Tokyo Sexwale turned struggle credentials into corporate access, building Mvelaphanda into a BEE powerhouse before debt, markets and unbundling erased the brand.
Malawian businessman Napoleon Dzombe to launch Dowa fertilizer plant in 2026
Napoleon Dzombe’s Dowa fertilizer plant set for April 2026 launch, aiming to meet Malawi’s national fertilizer demand and cut imports.
South African billionaire Saltzman family’s Dis-Chem stake tops $630 million
The Saltzman family’s Dis-Chem stake tops $630 million after steady JSE gains, signaling cautious investor confidence in pharmacy retail.
Ugandan investor Magan Patel risks 12-year jail term over wetland destruction
Ugandan investor Magan Patel faces possible 12-year jail term as probes deepen into alleged wetland destruction in Jinja.
Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
Beyoncé hits billionaire status, Forbes says, powered by Cowboy Carter tour, NFL halftime payday and Parkwood’s tight control
Forbes says Beyoncé is now a billionaire, with Cowboy Carter tour receipts, a pricey NFL halftime show and Parkwood control driving her take home.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.
Nigerian real estate tycoon Umar Abdullahi gifts employees $2.7 million in Cosgrove properties
At Cosgrove’s Abuja retreat, Umar Abdullahi approved ₦4 billion ($2.7 million) in properties for staff, linking rewards to faster delivery and growth in 2026.
Sanlam, partly owned by Patrice Motsepe, invests $2.2 million in Moroccan startup
Sanlam Maroc takes a $2.2 million stake in Moroccan startup Woliz, backing digital tools for small retailers and financial inclusion.
After Farouk Ahmed’s exit, NMDPRA says Dangote refinery petrol supply fell below target
NMDPRA says Dangote Refinery supplied 23.52 million liters of petrol daily in November, missing projections as imports lifted Nigeria’s fuel supply.
Inside Cyril Ramaphosa’s fortune: the McDonald’s deal, Mondi, Standard Bank ties, coal, telecoms and the trusts that followed
A look at Shanduka’s biggest holdings, what was sold, what sits in trusts, and what Ramaphosa’s net worth most likely is today.
Ugandan businessman Mukesh Shukla fined $3.9 million over Kampala property
Ugandan tycoon Mukesh Shukla fined $3.9 million for illegally occupying Shumuk House, ending the decade-long Katatumba family dispute.
Credit Bank, led by Kenya’s Nyachae family, wins $35 million shareholder backing
Credit Bank, led by the Nyachae family, gains shareholder approval to raise Ksh4.5 billion ($35 million) through a rights issue.
South African businessman Eric Diack leads AfriSam sale to West China Cement
West China Cement seeks to acquire South Africa’s AfriSam, led by Eric Diack, as Chinese firms expand in African construction markets.
Le Creuset owner Paul van Zuydam becomes South Africa’s newest billionaire
Paul van Zuydam becomes South Africa’s newest billionaire, building Le Creuset into a $850 million cookware empire.