South African billionaire Koos Bekker loses $200 million amid market pullback
South African billionaire Koos Bekker’s net worth fell by $200 million after a pullback in Naspers and Prosus shares.
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Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda
Opaia Motors opens Angola’s only operating vehicle assembly plant in Luanda, promising jobs and local supply chains as leaders seek less reliance on imports.
Nigerian monarch and energy tycoon Obateru Akinruntan plans 200 Obat Oil stations in nationwide expansion
Obat Oil, owned by Nigeria’s Olugbo of Ugbo Kingdom, targets 200 stations, leaning on Apapa tank farms, a jetty and tech upgrades.
Kenyan investor Baloobhai Patel buys additional Absa stake worth $1.3 million
Baloobhai Patel boosts his Absa Bank Kenya holding by $1.3 million, raising his stake to 100 million shares amid strong profits.
Nigerian software engineer Shola Akinlade's Paystack reorganizes under holding firm after profitability
Paystack restructures under The Stack Group after turning profitable, uniting payments, banking and new ventures under a holding company.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double production capacity
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double annual production from 11 million to 20 million tonnes.
Retail tycoon Chandra Chauhan's Sefalana expects profit to fall as Botswana economy weakens
Chandra Chauhan’s Sefalana flags a profit dip, blaming a softer economy, food inflation and rising living costs nationwide across Botswana.
Barcelona’s Tactical Evolution Under Xavi: What Changed in 2025
Explore how Xavi’s Barcelona in 2025 reshaped its tactics - pressing triggers, flexible formations, and La Masia integration - and how 1xBet odds and live betting trends reflect the club’s new playing identity.
Aradel, led by Nigerian executive Adegbite Falade, gains majority stake in Renaissance
Aradel Holdings becomes the largest shareholder in Renaissance Africa Energy after a $250 million acquisition boosts its stake to 53.3 percent.
FCMB, led by Nigerian banker Ladi Balogun, expects Q1 earnings to top $40 million
FCMB, led by Nigerian banker Ladi Balogun, forecasts Q1 2026 profit to reach $44 million amid strong banking growth.
Senegal revokes Nigerian billionaire Arthur Eze’s offshore exploration license
Senegal revokes Nigerian billionaire Arthur Eze’s Atlas Oranto offshore license after years of unmet obligations.
Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Geregu Power posts nearly $30 million profit under Nigerian businessman Abdulaziz Yari
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
Shola Akinlade’s Paystack targets Nigeria’s $32 billion financing gap for small businesses
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
Idrissa Nassa's Coris Bank takes full control of Cape Verde bank
Coris Bank, led by Idrissa Nassa, completes takeover of Cape Verde’s BCA, expanding its African banking footprint.