Dangote, Nigeria’s oil tycoon rewriting Africa’s story
After going from hawking sweets to his primary schoolmates to becoming Africa’s richest man, Nigerian billionaire Aliko Dangote now stands on the cusp of what could be the continent’s biggest-ever IPO
Moroccan construction tycoon Mohamed Adil Rtabi takes renewable-energy subsidiary towards $38 million IPO with $152 million order book
Jet Energy, the renewable-energy and electrical-infrastructure subsidiary of listed construction group Jet Contractors, will offer 2.625 million newly issued shares at between $12.70 and $14.50 (125–143 Moroccan dirhams) each
Egyptian tycoon behind nine Moroccan hotels lands $250 million package for acquisitions, upgrades and debt refinancing
The transaction brings international development finance and a Moroccan banking group behind an Egyptian-owned hospitality business expanding across North Africa
Late business tycoon Chivayo at the centre of fresh questions as Zimbabwe approves $650 million solar project
The proposed Kariba project will have a capacity of 600 megawatts and is intended to complement hydropower generation, stabilise electricity supplies and conserve water during daylight hours
Zimbabwe puts US-sanctioned tycoon in charge of attracting investment after splitting finance ministry
President Emmerson Mnangagwa named Tagwirei Minister of Economic Development and Investment Promotion on 8 October, with immediate effect
Business tycoon, Rajan Mahtani-backed Finance Bank seeks over $575M over illegal licence withdrawal
Malawi is facing the prospect of one of the largest compensation payouts in its history after Finance Bank Malawi, a lender backed by Zambian business magnate Rajan Mahtani, submitted a damages claim exceeding K1.02 trillion (about $575 million) over the central bank’s unlawful withdrawal of its banking licence more than two decades ago
Nigerian tycoon Deji Adeleke’s brother, also Davido’s uncle, wins second term as governor of a gold-rich state after defeating Nigeria’s ruling party
Ademola Adeleke, the younger brother of Nigerian business tycoon Adedeji “Deji” Adeleke and uncle of Afrobeats superstar Davido, won Saturday’s governorship election after switching parties just months before the vote
Nigeria’s top airline tycoon calls for economic pressure on South Africa amid xenophobic unrest
The founder of the air carrier suggested that Nigerians boycott South African businesses and halt investments in South African-based companies in response to the movement currently targeting African migrants in South Africa