Mutumwa Mawere may lose his R2-million luxury apartment in South Africa
A failed loan repayment to Absa Bank has put the Zimbabwean tycoon into a financial bind.
Latest
David Muguku dispels rumors of the sale of Waterfront Mall, Karen
The Muguku family has refuted news that it plans to sell Waterfront Mall in Karen.
Nigeria’s First Bank fires CEO without regulatory approval
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.
Egyptian billionaire Mohamed Mansour appointed to newly created Investment Advisory Board in UK
The board will serve as the UK government’s foreign investment advisory body to Egypt.
Tabitha Karanja tells Kenya Revenue Authority it could earn $92.7 million in annual revenue from Keroche Breweries
Kenyan tycoon and CEO of Keroche Breweries Tabitha Karanja has revealed that a new expansion strategy could see the Kenya Revenue Authority generate over Ksh1 billion ($92.7 million) annually.
Naguib Sawiris steps down as chairman of Orascom Investment Holding
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.
Burkinabe tycoon Inoussa Kanazoe aims to contend with Aliko Dangote for Togo’s cement market
Burkinabe tycoon Inoussa Kanazoe is hoping to win over a large share of Togo’s cement market.
Nigerian Senate looks to promote cement market competition
The Nigerian Senate has called for liberalizing cement policy to boost production and reduce market prices.
Nigerian Energy tycoon Benedict Peters to settle mining dispute between Zimbabwe and Amari Platinum
Bravura Zimbabwe (Pvt) Ltd. will offset a $15-million debt that Zimbabwe owes Amari Holdings Ltd.
MTN, Safaricom race to clinch market share in the Ethiopian telecom sector
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.
Tony Elumelu’s Transcorp injects $120 million into hotel rehabilitation
After 30 years as Nigeria’s leading hospitality outfit, Transcorp Hotels is injecting more than $120 million into rehabilitating its five-star hotels.
Elon Musk drops on world’s richest list after fatal Tesla car crash
A Tesla crash has led to Elon Musk dropping to the number-three spot on the list of the world’s richest men.
Multimillionaire gambling mogul Kessington Adebutu adopts Nigeria’s national stadium in Lagos
Nigerian gambling mogul Kessington Adebutu has taken on the rehabilitation of Nigeria’s national stadium in Lagos.
Arsenal fans clamor for Aliko Dangote to become club’s new owner
Arsenal FC fans are calling for a new owner after Stan Kroenke’s decision to join the breakaway European Super League.
South African tycoon Rob Hersov announces plans to build world-class airport in Cape Town
South African tycoon Rob Hersov plans to build a world-class airport in Cape Town.
Exiled mogul Mutumwa Mawere seeks redress over 17-year rent losses in Zimbabwe
Exiled Zimbabwean mogul Mutumwa Mawere is seeking redress over 17 years of rent losses in Harare.