Africa’s richest man Aliko Dangote loses $549 million overnight
Aliko Dangote’s net worth drops $549 million as Dangote Cement shares fall nearly 10 percent, reducing his stake to $4.96 billion.
Hot News
PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
South African tycoon Mike Teke’s Seriti secures $295 million for Mpumalanga wind project
Seriti Green secures $295 million for a major wind project in Mpumalanga, expanding clean power and creating 800 jobs.
Zimbabwe’s richest man, Strive Masiyiwa, gains $100 million amid AI factory rollout
Strive Masiyiwa regains $100 million, raising his net worth to $1.3 billion amid Africa’s first AI factory rollout with NVIDIA.
Motsepe-backed Harmony Gold gets clearance for $1-billion copper deal
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.
MTN names Nigerian executive Karl Toriola to oversee Francophone Africa markets
MTN expands Karl Toriola’s role to VP for Francophone Africa as Nigeria drives growth and South Africa lags in group earnings.
Black entrepreneur Fawn Weaver’s Uncle Nearest defaults on $108 million loan after $900 million valuation
Fawn Weaver’s Uncle Nearest faces $108 million loan default and legal scrutiny after reaching a $900 million valuation.
Nigerian oil tycoon Gabriel Ogbechie loses $6 million from Eterna stake
Eterna’s market cap slips below $35 million as Gabriel Ogbechie’s stake drops, but shares remain up 56% this year.
South African-born real estate mogul Barry Stuhler to receive $2 million from Lighthouse
Barry Stuhler will receive $2.04 million in interim dividends from Lighthouse after the real estate group declared a $32 million payout.
South Africa’s second-richest man, Nicky Oppenheimer, now worth $13 billion
South Africa’s Nicky Oppenheimer grows his fortune to $13 billion, driven by private investments.
Zimbabwean executive Ralph Mupita leads MTN to $6 billion revenue in H1 2025
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
Nigerian billionaire Femi Otedola releases memoir 'Making It Big'
Nigerian billionaire Femi Otedola has released his memoir, Making It Big, offering a candid look at his rise as a self-made entrepreneur and insights into Africa’s business world.
Dominic Sewela led-Barloworld’s $1.3 billion buyout wins final nod from tribunal
South Africa’s Competition Tribunal approves Barloworld’s $1.3 billion buyout, protecting jobs and expanding Black ownership as the group prepares to delist.
Oando, led by oil mogul Wale Tinubu, distributes 679 million shares to investors
Oando, led by Wale Tinubu, issues 679 million bonus shares, rewarding investors with 8.3% amid Nigeria’s oil market challenges.
Egyptian tycoon Safwan Thabet adds $81 million from Juhayna stake
Egyptian tycoon Safwan Thabet’s Juhayna stake jumps $82 million as shares rally on the EGX, lifting his fortune close to $600 million.
Access Holdings, led by Aigboje Aig-Imoukhuede, backs Zambia with $100 million pledge
Access Holdings pledges $100 million to boost Zambia’s energy and agriculture, strengthening power supply and food security.