Property tycoon Tayo Amusan’s Persianas to acquire Shoprite Nigeria
Tayo Amusa’s Persianas Property Ltd. is buying Shoprite Nigeria as the South African retailer retreats from other African markets.
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Ten African Heiresses Driving Forward Their Parents’ Legacy
These African heiresses are either giving back to the community or helping to grow their parents’ businesses.
Eight Thriving African Billionaires Who Are 60 Years Old and Under
These eight billionaires aged 60 and under are continuing to take the world by storm.
After king’s death, Zulu royals postpone appointing official heir
Queen Mantfombi Dlamini Zulu will govern the AmaZulu Kingdom in the meanwhile.
Elon Musk’s Neuralink makes waves with latest monkey demonstration
Neuralink’s brain implant allows the macaque monkey to play Ping Pong with his mind.
Abdul Samad Rabiu Africa Initiative appoints Ubon Udoh as managing director and CEO
The ASRi has announced the appointment of Ubon Udoh as its managing director and CEO.
Ernest Sampong’s pharmaceutical company launches herbal cough syrup
Ghanian pharmaceutical giant owner Ernest Bediako Sampong has introduced a new herbal cough remedy to the domestic market.
WorldRemit founder Ismail Ahmed commits $500 million to philanthropy in Somaliland
WorldRemit founder Ismail Ahmed has launched a $500-million fund to support education, healthcare and infrastructure development in his native Somaliland.
Sisa Ngebulana’s Rebosis in talks with potential savior investor amid bankruptcy fears
Rebosis, a real estate investment firm owned by South African businessman Sisa Ngebulana, is searching for a savior investor.
Lesotho frustrates tycoon Sam Matekane’s Sesiu Solidarity Fund initiative to procure COVID-19 vaccines
Government officials in Lesotho are frustrating a private sector initiative to procure COVID-19 vaccines.
Nigerian-Lebanese billionaire Gilbert Chagoury reaches deferred prosecution agreement with DoJ, pays $1.8-million fine
Lebanese-Nigerian tycoon Gilbert Chagoury recently entered a deferred prosecution agreement with the U.S. Department of Justice.
UK court bars Nigerian media mogul Nduka Obaigbena from serving as Arise TV director
The judgment came on April 8 following the company’s compulsory liquidation.
Steel tycoon Narendra Raval pledges free oxygen cylinders for COVID-19 patients in Kenya
Kenya’s health secretary has identified the hoarding of empty oxygen cylinders as an obstacle in the fight against COVID-19.
Tanzanian billionaire Mohammed Dewji becomes advisor to South African President Ramaphosa
South African President Cyril Ramaphosa has appointed Mo Dewji to his Investment Advisory Council.
Aliko Dangote, John Coumantaros demand Nigeria shut down fellow billionaire’s sugar refinery
A legal action has been launched against Abdul Samad Rabiu.
Nassef Sawiris, Issad Rebrab and family named world’s richest Arabs
Egypt’s Nassef Sawiris and Algeria’s Issad Rebrab and family have emerged as the first and second richest Arabs in the world.