Mauritian tycoon Arnaud Lagesse's Phoenix completes $80 million acquisition in Seychelles
Phoenix Beverages buys 54.4% stake in Seychelles Breweries from Diageo to boost growth across East Africa and the Indian Ocean.
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Nigerian energy mogul Ahonsi Unuigbe pushes NGX cross-listing talks in Dubai
Ahonsi Unuigbe deepens ties between Nigeria’s markets and Dubai to unlock global capital for African energy firms.
South African billionaire Patrice Motsepe’s wealth rises to $3.4 billion
Patrice Motsepe’s fortune hits $3.4 billion as shares in Harmony Gold and ARM surge; fintech bets deepen his footprint in digital finance.
Nigerian energy tycoon Austin Avuru gains $15 million from Seplat stake
Seplat Energy co-founder sees major rebound after an earlier market dip, reaffirming strength in Nigeria’s energy sector.
Nigerian banker Segun Agbaje-led GTCO targets $100 million in UK share sale
The move comes as the Lagos-based financial group seeks to recapitalize Guaranty Trust Bank Plc, its flagship banking unit, to meet new regulatory thresholds.
From Land to banks: Kenyatta family’s NCBA stake now worth over $100 million
Kenyatta family’s NCBA stake tops $100 million as shares rally 14% on the NSE, boosting wealth and reinforcing influence across East Africa.
Moove, led by British-Nigerian entrepreneur Delano, nears $1.2 billion funding for U.S. expansion
Moove nears $1.2 billion debt raise to scale autonomous fleets in U.S. and Latin America after clearing early loan obligations.
America’s richest Black billionaire backs effort to modernize U.S. government AI systems
Palantir teams with Accenture Federal to deliver AI solutions to U.S. agencies, fueling a 70% stock surge and cementing its role in mission-critical transformation.
Hassanein Hiridjee’s AXIAN eyes Jumia buyout as market value hits $600 million
AXIAN Telecom considers buying Jumia after raising stake and securing $600 million in bonds to boost Africa’s digital commerce growth.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital tops $700 million again
Hitesh Anadkat’s FMB Capital stake rises to $738.85 million as shares rally 15% in four days, adding $96 million to his fortune.
After Kenya’s $20 million surprise, world’s richest investor gives away $6 billion
Warren Buffett gives $6 billion in Berkshire shares to five foundations, on the heels of a $20 million grant to Kenya’s health system.
Mining company owned by Africa's first Black billionaire unveils plans to cut jobs
The decision underscores ongoing challenges in South Africa’s manganese mining sector and broader commodity price pressures.
South African billionaire Christo Wiese’s Invicta profit rises above $40 million
The company’s improved performance reflects ongoing efforts to streamline operations, boost efficiency, and focus on key areas of the business.
15 companies the late Nigerian businessman Aminu Dantata owned
Inside Aminu Dantata’s 15-company legacy spanning oil, real estate, banking, transport, and Nigeria’s economic rise.
South African pharma tycoon Stephen Saad’s Aspen stake falls below $400 million
Stephen Saad’s stake slips below $400 million as Aspen shares fall 5.2% dragging market cap under $3 billion.
Aliko Dangote’s mega refinery commits $467 million to CNG push
The refinery is deploying 4,000 CNG-powered trucks nationwide to deliver petrol, diesel, and aviation fuel directly to filling stations and industrial hubs.