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FirstRand has classified its entire UK business as held for sale and taken a £547.8 million charge for motor finance redress. Group profit fell for the first time in six years, though the South African operations that remain grew earnings 13 percent.
A Lagos court has extended an order barring Nigeria's petroleum regulator from Dangote's refinery, four days before its share offer opens.
Aspen has withdrawn from South Africa's plan to make Gilead's HIV prevention injection locally, with Stephen Saad citing the absence of purchase guarantees.
Bridge Bank lists in Abidjan on Sept. 24 after Yerim Sow's holding company sold a fifth of the Ivorian lender in an oversubscribed offer.
Kimani Rugendo's Kevian Kenya has put Sh300 million into potato seed development, moving the juice maker upstream into agricultural inputs.
Egypt's El Sewedy family has announced about $700 million of investment as Elsewedy Electric pushes from cables into power services.
Geneva's tax administration has opened a case against Cameroonian banker Paul Fokam over undeclared wealth during ten years living in Switzerland.
Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre.
Botswana's opposition says a schools deal tied to Zunaid Moti could cost taxpayers P20 billion, and wants a parliamentary panel to investigate.
Tanzania Railways may add trains to Isaka, the inland cargo hub Ghalib Said Mohamed leases, which clears freight for Rwanda, Burundi, Congo and Uganda.
An 81-year-old Benin-born engineer who once ran Gabon's oil quietly holds $1.43 billion of Nigerian oil shares — one of several fortunes hiding in plain sight over the weekend.
In one of Africa's smallest economies, Muhammed Jah turned $16,000 — a student stipend and an uncle's loan — into The Gambia's largest conglomerate: its first internet provider, first 3G network, a bank and its first data centre. A national champion built from almost nothing.
Joseph Siaw Agyepong turned his mother's printing shop into a 76-company, 29-country empire on one idea: governments always pay to have their rubbish removed. But in Nairobi and Mombasa, two of his biggest contracts are now being challenged in court.
An 81-year-old Benin-born engineer who ran Gabon's oil for 13 years quietly holds ~$1.4 billion of Nigerian oil shares — Seplat and Aradel — through Petrolin vehicles almost no one tracks. Samuel Dossou-Aworet, and the rare edge of the operator who became an owner.
Jean de Dieu Uwihanganye, Rwanda's former infrastructure minister, joins Raffles Family Office to lead its push along the Africa-Asia corridor.
A Seoul court orders Smilegate founder Kwon Hyuk-bin to hand his ex-wife a 35% stake and cash worth $1.91 billion, a national record.