South African real estate mogul Michael Georgiou’s firm enters business rescue
Court questions UK capital promise; billions owed to banks.
Billionaires Africa
Indimi sons back father in explosive $435 million oil battle with sisters
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Despite the disruption, many Glencore customers are still receiving deliveries under existing agreements.
British-Nigerian entrepreneur Ladi Delano's Moove eyes unicorn status
The fresh capital comes on the heels of Moove’s $100 million raise in 2024 at a $750 million valuation.
Ninety One set to absorb UK asset management unit of Patrice Motsepe's backed Sanlam
The partnership aims to combine Ninety One’s investment expertise with Sanlam’s distribution network to improve operational scale and client outcomes.
Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares
The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.
Africa’s newest billionaire Zak Calisto sells Karooooo shares worth $75 million
Zak Calisto sells $75 million in Karooooo shares to boost stock liquidity and diversify holdings, retaining majority control under governance pact.
Malawian banker Hitesh Anadkat makes $73 million from FMB Capital stake
Hitesh Anadkat holds a 45.32-percent stake in the Mauritius-headquartered financial group, equivalent to 1.11 billion shares.
Hisham Talaat Moustafa’s TMG eyes $2.4 billion in sales from Sharm Bay project
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Ethiopia’s richest man adds $1 billion, back to Bloomberg list after Preem's deal
The $1 billion rebound not only brought him back onto the list but pushed him up to 455th place.
Rihanna brings Fenty Beauty to Saint Lucia, expands Caribbean presence
The launch drew a crowd of beauty lovers eager to explore the brand’s offerings, which include Fenty Beauty, Fenty Skin, and Fenty Eau de Parfum.
Aliko Dangote's Dangote Cement, Tetracore increase focus on clean energy solutions
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
Eaton stake held by Craig Arnold nears $250 million
The market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark.
Mary Vilakazi-led FirstRand gets approval to absorb HSBC South Africa
FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. 2025, boosting its corporate banking footprint.
Johann Rupert, South Africa’s richest man, gains $200 million in a week
This increase pushes his total wealth growth for the year to $2.72 billion, up from $2.52 billion just a few days ago.
Nigerian billionaire Femi Otedola pursues bigger stake in First Bank’s parent company
Sources familiar with the matter say both Otudeko and Odukale, have agreed to sell their shares to Otedola at N31 ($0.02) apiece.