South African billionaire Patrice Motsepe’s net worth rebounds to $3.4 billion with rahim66
After a $200 million setback between mid-July and early August, South African billionaire Patrice Motsepe has seen a significant rebound in...Read More
Nigerian multimillionaire oil trader Mustapha Fasinro’s Linetrale wins NNPC LNG tender with rahim66
Linetrale LLC, a trading company led by Nigerian energy executive Mustapha Fasinro, has won a foothold in the global liquefied natural gas ...Read More
South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion with rahim66
South African tech tycoon Zak Calisto’s stake in Karooooo has rebounded above $1 billion after a recovery in the Nasdaq-listed company’s sh...Read More
Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue with rahim66
IBL Group, the Mauritian conglomerate led by businessman Arnaud Lagesse, posted a drop in annual profit as higher expenses and rising tax o...Read More
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247 million first-half profit with rahim66
Bank of Africa, the multinational banking group led by Moroccan billionaire Othman Benjelloun, reported stronger earnings in the first half...Read More
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock with rahim66
Egyptian billionaire Sadek El-Sewedy, the non-executive chairman of Elsewedy Electric, has seen the value of his stake in the company rise ...Read More
Cameroonian tycoon Oumarou Fadil invests $1.79 million in Garoua grain complex with rahim66
Cameroonian businessman Oumarou Fadil is investing more than 1 billion CFA francs ($1.79 million) to build a cereal-processing plant in Gar...Read More
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank with rahim66
Ivorian cotton king Koné Daouda Soukpafolo, through his investment holding company Harvest Capital Holding, has acquired a 52.89 percent st...Read More
Kenya court orders businessman SK Macharia’s guards out of Directline office with rahim66
After a week of drama involving Kenyan tycoon Samuel Kamau “SK” Macharia, the High Court has ordered the removal of security guards he stat...Read More
Dangote lashes out at Nigerian oil union over ‘economic sabotage’ with rahim66
Africa’s richest man, Aliko Dangote, has launched one of his fiercest attacks yet on Nigeria’s influential oil-workers’ union, accusing it ...Read More
Nigerian tycoon Tein Jack-Rich’s Belemaoil struggles as wife’s Elin Air takes off with rahim66
Belemaoil, the upstream company founded by Nigerian businessman Tein T.S. Jack-Rich, is struggling to lift production even as another arm o...Read More
Investec, led by South African executive Fani Titi, secures energy trading license with rahim66
Investec Group, led by South African executive Fani Titi, has been granted an energy trading license by the National Energy Regulator of So...Read More
Nigerian billionaire Sayyu Dantata emerges as biggest winner from Dangote Refinery’s fuel boom with rahim66
Sayyu Dantata, the soft-spoken half-brother of Africa’s richest man, Aliko Dangote, has stepped out of the shadows to become Nigeria’s most...Read More
Tanzanian billionaire Mo Dewji’s foundation to train future leaders in food and nutrition with rahim66
The Mo Dewji Foundation, a charitable organization founded by Tanzanian billionaire Mohammed “Mo” Dewji, has teamed up with nutrition compa...Read More
Samuel Dossou-Aworet-backed Tullow sells Kenya assets to Gulf Energy with rahim66
Tullow Oil Plc, the London-listed oil and gas explorer where Gabonese-Beninese oil magnate Samuel Dossou-Aworet holds a significant stake, ...Read More
Tanzanian billionaire Rostam Aziz contests halt of $130 million Mombasa gas plant with rahim66
Tanzanian billionaire Rostam Aziz is fighting to overturn a court order that halted the construction of a $130 million liquefied petroleum ...Read More
Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake with rahim66
Gabonese oil tycoon Samuel Dossou-Aworet , who leads petroleum group Petrolin, has deepened his footprint in Nigeria’s energy industry with...Read More
Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase with rahim66
Nigerian billionaire Femi Otedola is deepening his influence in First Bank Holding Company (FirstHoldCo), the parent of Nigeria’s oldest ba...Read More
Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall with rahim66
Pick ‘n Pay, one of South Africa’s leading retailers and partly owned by the Ackerman family, opened its first hypermarket in Pietermaritzb...Read More
Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines with rahim66
The wealthy Khamis family of Egypt has seen the value of its stake in Oriental Weavers fall by about $15 million over the past month, as pe...Read More
Prosus, led by South African billionaire Koos Bekker, takes Rapido stake in $270 million deal with rahim66
Prosus N.V., the global consumer internet group chaired by South African billionaire Koos Bekker, has invested about $221.8 million in Indi...Read More
John Kimani, one of Kenya’s richest men, boosts Centum stake to $8.2 million with rahim66
Kenyan businessman and investor John Kibunga Kimani has deepened his presence in Centum Investment Company Plc, adding to his position in o...Read More
Nigerian billionaire Abdul Samad Rabiu gains $500 million in under a month with rahim66
Nigerian billionaire Abdul Samad Rabiu has bounced back from a $400 million decline in his fortune with a sharp recovery, gaining half a bi...Read More
Judge delays ruling in $116 million land case involving Mombasa businessman Mohamed Jaffer with rahim66
The Mombasa Law Court has once again put off its decision in a high-value land dispute involving Mayport Limited, tied to Mombasa businessm...Read More
South African billionaire Michiel Le Roux gains $87 million from Capitec stake with rahim66
South African billionaire Michiel Le Roux , the founder of Capitec Bank, has seen his wealth climb by about $87 million in September after ...Read More
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant with rahim66
The Sawiris family, Egypt’s most prominent business dynasty and controlling shareholders of Orascom, is pursuing a high-stakes merger of OC...Read More
South Africa’s second-richest man, Nicky Oppenheimer, is $1.75 billion richer so far in 2025 with rahim66
South African billionaire Nicky Oppenheimer, the country’s second-richest person, has added $1.75 billion to his fortune this year, with ne...Read More
Nigerian aviation mogul Allen Onyema's Air Peace to create 50,000 jobs with new MRO facility with rahim66
Air Peace, one of Nigeria’s largest airlines, led by aviation magnate Allen Onyema, has broken ground on a maintenance, repair and overhaul...Read More
Hair products mogul Richelieu Dennis entangled in multimillion-dollar lawsuits as Group Black faces financial turmoil with rahim66
Richelieu Dennis, the entrepreneur behind Sundial Brands and co-founder of Group Black, is at the center of a messy legal battle over milli...Read More
Shoprite Nigeria’s big-store model no longer sustainable under Tayo Amusan’s Ketron with rahim66
The operator of Shoprite Nigeria, Retail Supermarkets Nigeria Limited (RSN), owned by Ketron Investment Limited, led by Nigerian businessma...Read More
British-Nigerian entrepreneur Ladi Delano leads Moove on path to $2 billion with rahim66
Moove, the vehicle-financing startup co-founded and led by British-Nigerian entrepreneur Ladi Delano, is aiming to raise more than $300 mil...Read More