U.S.-Nigerian mogul Sam Darwish’s IHS stake slips below $90 million
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
Billionaires.Africa
South African billionaire Koos Bekker-led Prosus enters France with $1.3 billion deal
The all-cash deal, valued at $1.3 billion, gives Prosus’s classifieds arm OLX its first major foothold in France, Europe’s second-largest car market.
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank
Ivorian cotton king Koné Daouda Soukpafolo takes majority control of Versus Bank, pledging billions in new investment.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
Africa’s richest man Aliko Dangote sees net worth rebound to $29 billion
Africa’s richest man Aliko Dangote regains $29 billion net worth, driven by cement gains and refinery exports.
Investec, led by South African executive Fani Titi, secures energy trading license
Investec gains energy trading license, boosting access to renewable power and deepening its role in South Africa’s evolving energy sector.
Tanzanian billionaire Mo Dewji’s foundation to train future leaders in food and nutrition
Mo Dewji Foundation teams with Kerry and universities to train young Africans as future leaders in food and nutrition.
10 businesses the late Nigerian businessman Oskar Ibru owned
His passing, nine years after his father’s, marks the close of another chapter in one of the country’s most notable business families.
African Bank, led by Kennedy Bungane, secures $40.4 million to back SMEs
African Bank, led by Kennedy Bungane, secures $40.4 million to support SMEs through its first social bond and sustainable finance framework.
South Africa’s Cobus Stofberg adds $7.97 million from Naspers stock surge
South African businessman Cobus Stofberg gains $7.97 million from Naspers surge, lifting his stake to nearly $130 million.
Tanzanian billionaire Rostam Aziz contests halt of $130 million Mombasa gas plant
Rostam Aziz fights suspension of $130 million gas plant in Mombasa as Taifa Gas pushes East Africa expansion.
Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.
Directline CEO petitions court to arrest Kenyan media mogul SK Macharia
Directline CEO Sammy Kanyi asks court to arrest tycoon SK Macharia over alleged boardroom takeover.
South African tycoon Christopher Seabrooke’s Sabvest stake rebounds to nearly $100 million
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Nigerian billionaire Arthur Eze secures four oil blocks in Liberia
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.