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Just 17 investors hold $37.7 billion of Nigerian-listed shares — and two men, Abdulsamad Rabiu and Aliko Dangote, own three-quarters of it. Inside the NGX's $100 Million Club, the concentration behind it, and why the biggest paper fortunes are also the most fragile.
Washington is lending nearly $100 million to Ziad Dalloul's Africell — Africa's only American-owned telecom — to buy US kit instead of Huawei's. A deal that turns one operator into the front line of the US-China contest for Africa's networks. The memo on what it means.
Amsons Group broke ground on the first of 10 mother and baby hospitals it is funding across Kenya with a $35 million grant, Ruto announced.
The US Export-Import Bank will lend nearly $100 million to Africell, the only American-owned mobile operator in Africa, to buy US equipment.
LeBron James arrived in Luanda on Friday at the invitation of Angola's tourism ministry, and races his E1 electric boat team there on Sunday.
Oracle said on Sept. 12 that Larry Ellison cancelled his 10b5-1 plan, that no stock was sold under it, and that he has no other plans to sell.
Bamanga Tukur ran the Nigerian Ports Authority from 1975 to 1982 and registered a shipping agency while in office. He died on Saturday at 90.
Seventeen investors held Nigerian Stock Exchange shares worth at least $100 million at Friday's close. Here is every stake they own and what each is worth.
Sandile Zungu lost the South African Football Association presidency to Danny Jordaan at the elective congress in Midrand on Saturday.
Don Ncube holds 16.35% of Kinetiko Energy, a stake worth about $6.9 million, built from licences the South African state had no form to issue.
Uche Ogah registered Masters Energy while still a Zenith Bank manager. It now runs 50 filling stations, two depots and a 198-hectare estate.
Dangote Group will order vessels from Chinese shipyards, with first deliveries as early as 2029, as refinery expansion drives cargo demand.
A single prospectus revealed Aliko Dangote owns 87% of his refinery — and revalued Africa's richest man to $54 billion overnight.
Yerim Sow could have inherited one of West Africa's biggest construction groups. Instead he built his own — 52 businesses across 16 countries in telecoms, banking, hotels and property. This month he's listing his Ivorian bank on the regional exchange, without loosening his grip.
Lebashe sits on $2.5 billion of Capitec shares — bought with borrowed money and pledged to two banks as collateral. The week Dangote's fortune jumped $23 billion on a filing, it's the counter-lesson: a headline number and a real fortune are not the same thing. Gross vs. net.
Naushad Merali built one of Kenya's great fortunes buying troubled companies cheap and selling high — most famously turning a mobile venture into a windfall worth hundreds of millions. He died in 2021. This week his heirs stepped back toward manufacturing. Can the gift be inherited?