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.
Billionaires Africa
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.
Mary-Ann Musangi’s HACO Industries completes second phase of solar expansion
The new system adds 311 solar panels and will generate about 180 kWh of power, covering roughly 60 percent of that division’s energy needs.
Dominic Sewela led-Barloworld’s $1.3 billion buyout gets green light from regulator
The approval marks a milestone in the company’s transition from public to private ownership, ending its over 80-year run on the JSE.
South African billionaire Nicky Oppenheimer’s net worth surges $2.1 billion
Nicky Oppenheimer’s net worth surged $2.1 billion to $12.2 billion, reversing the earlier dip near $10 billion.
Aliko Dangote plans to list Africa’s largest fertilizer plant this year
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."
Power meeting in Accra: Mike Adenuga holds talks with President Mahama
While details of their conversation were kept private, aides on both sides confirmed the visit, with Adenuga returning to Lagos that same evening.
Baloobhai Patel linked-Absa Kenya recovers $1.8 million lost to fraud
The Nairobi-listed lender said its systems helped avert an additional Ksh334 million ($2.59 million) in potential losses.
South African businessman Jens Montanana gains $28 million from Datatec shares
The jump comes as investors continue to show strong interest in the company, reflecting growing optimism around Africa’s expanding digital landscape.
Britam, backed by Kenya’s Elite, buys $5.9 million stake in Nigerian reinsurer
The group invested $5.9 million through its wholly-owned unit, Britam Life Assurance Company (Kenya), to acquire a 30 percent stake in Continental Re Kenya.
Rihanna loses $400 million, but net worth stays above $1 billion
According to Forbes, which recently updated its estimate of her net worth, Rihanna’s wealth has dropped from $1.4 billion to $1 billion.
Billionaire Michael Lee-Chin’s firm to issue $300 million international bond
NCBFG, led by Michael Lee-Chin, plans a $300 million bond to repay debt and boost sustainable growth. Fitch rates it B+.