Fidson, owned by Nigerian tycoon Fidelis Ayebae, strikes deal to establish pharmaceutical plant
The deal is part of a broader initiative to enhance self-sufficiency in Africa’s healthcare infrastructure, particularly in the battle against HIV.
Hot News
David Steward secures position as richest Black billionaire in U.S. with $12.7-billion fortune
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
African-American billionaire Alex Karp's Palantir partners with Nebraska Medicine in multimillion-dollar healthcare deal
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.
South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
Eswatini’s richest man Natie Kirsh gains $1.66 billion in 2024
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.
Kevin Hart’s vegan restaurants in California shut down after 2 years
The closures mark an unexpected end for the brand, which had gained attention for its health-focused menu and competitive pricing.
Access Bank linked to Nigerian banker Aigboje Aig-Imoukhuede secures new deal to boost SME lending in Ghana
The partnership is expected to drive economic growth, job creation, and particularly support women-owned businesses in the country.
South African tech leader Zak Calisto’s Karooooo stake tops $950 million
Calisto’s net worth has surged significantly, driven by a sharp rise in the market value of his shares in Karooooo.
Michael Jordan sells mansion for $14.85 million after 12 years on the market
The sale comes 12 years after the sprawling, custom-built estate was first listed for $29 million in 2012.
Indian billionaire Gautam Adani's energy firm pushes on with transmission deal in Kenya
This clarification comes after a presidential adviser previously suggested that deals worth up to $1.3 billion had been finalized.
South African billionaire Johann Rupert’s Richemont seals acquisition of Italian jewelry brand
The move expands Richemont’s “Jewellery Maisons” division, which includes brands like Cartier and Van Cleef & Arpels.
South African billionaire Nicky Oppenheimer’s wealth surges by $1.43 billion in 2024
Oppenheimer’s net worth has risen from $9.85 billion at the start of the year to $11.3 billion, solidifying his place among the world’s wealthiest individuals.
Sasol names South African executive Muriel Dube as new chair amid strategic shift
Her appointment comes at a pivotal moment for Sasol, which is repositioning itself in the energy market by expanding its natural gas operations.
Elon Musk’s Starlink plans South Africa launch despite regulatory hurdles
South African President Cyril Ramaphosa confirmed the discussions, underscoring the potential for deeper collaboration with the U.S. billionaire.
Bamburi Cement, linked to Kenyan tycoon Baloobhai Patel, receives new $193.7-million offer
Savannah Clinker has proposed purchasing all 362.9 million shares of Bamburi at Ksh70 ($0.54) per share.
Nigerian billionaire Femi Otedola lauds Aliko Dangote’s refinery as fuel distribution begins
The Dangote Oil Refinery, which started loading petrol into trucks on Sun., Sept. 15, is seen as a breakthrough in Nigeria’s decades-long struggle with fuel imports and shortages.