South African tycoon Adrian Gore to pocket $5.3 million in dividends from Discovery
Discovery co-founder Adrian Gore set to receive $5.3 million in dividends as insurer posts strong 2025 results.
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Equity Group, led by Kenyan banker James Mwangi, seizes Nairobi’s Eastland Hotel
Equity Bank has seized Nairobi’s Eastland Hotel over loan default, underscoring mounting pressure on Kenya’s hospitality sector and rising bad debt
Wema Bank, partly owned by gambling magnate Adebutu, wins nod for $100 million capital raise
The capital raise, which opened on April 14 and closed on May 21, was part of the lender’s plan to meet the CBN’s recapitalization directive for commercial banks.
Mantrac Kenya celebrates 100 years of Caterpillar in Kenya
Mantrac Group is among the largest Caterpillar dealers worldwide, providing machinery, power systems, and material-handling equipment across 11 countries.
Kenya’s richest banker James Mwangi adds $12.6 million from Equity Group stake
Kenyan banker and leading businessman James Mwangi adds $12.6 million from his Equity Group stake as shares rally.
South African tycoon Adrian Gore’s Discovery posts $545 million profit in FY 2025
Discovery, led by Adrian Gore, posts $545 million profit in FY 2025, driven by growth in health, life, and Vitality businesses.
Nigerian media mogul Nduka Obaigbena faces pressure as court revives First Bank loan dispute
A Nigerian appellate court revived First Bank’s loan battle tied to Arise TV founder Nduka Obaigbena, intensifying scrutiny of his embattled media empire.
Kenyan tycoon Narendra Raval targets 7,610 acres to mine iron ore for steel plant
The application covers 30.8 square kilometers, or about 7,610 acres. Iron ore, which is mainly used to make pig iron, is a key raw material in steel production.
Egyptian tycoons Sawiris, Allam launch $6.5 million social project
Egyptian tycoons Naguib Sawiris and Hassan Allam sealed a $6.5 million social impact deal to boost education, farming, and fight poverty.
Egyptian billionaire Naguib Sawiris’ ORA Developers launches $16 billion projects in UAE, Iraq
Malagasy businessman Hassanein Hiridjee’s Axian joined a $3.5 million round for Paris-based Nucleon Security to scale AI-driven cyber defense.
Malagasy businessman Hassanein Hiridjee’s Axian backs Paris AI cybersecurity startup
Malagasy businessman Hassanein Hiridjee’s Axian joined a $3.5 million round for Paris-based Nucleon Security to scale AI-driven cyber defense.
Orascom Construction’s Abu Dhabi debut marks a major shift for Egypt’s Sawiris dynasty
Orascom Construction, controlled by Egypt’s billionaire Sawiris family, began trading on Abu Dhabi’s ADX, shifting its primary listing from Nasdaq Dubai to boost growth.
Nigerian businessman Samuel Maduka Onyishi’s C&I Leasing wins approval for $20 million raise
C&I Leasing, chaired by Nigerian entrepreneur Samuel Maduka, won approval to raise $20 million in debt and equity to expand and refinance debt.
Tendai Madziwanyika-led RTG to invest $1.6 million in Harare hotel upgrades
Rainbow Tourism Group plans $1.6 million upgrades at Harare’s Rainbow Towers, including solar power, restaurants, and wellness facilities.
OpenAI seals $300 billion cloud computing deal, months after Ogunlesi joins board
OpenAI signs $300 billion Oracle deal after Adebayo Ogunlesi joins board, fueling AI growth and valuation push.
How Thom Mpinganjira built Malawi’s largest bank, became its first billionaire, and conquered the world
In an exclusive chat with Billionaires.Africa, Thom Mpinganjira shares how he rose from humble beginnings to become Malawi’s first billionaire