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The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of 2023. The figure represents an increase of 75.29 per cent …

Indian billionaire Anil Agarwal has promised to pay $250 million, which Vedanta Resources, the mining company he controls, owes to suppliers as soon as he regains control of copper mines that …

Over the past year, Hitesh Anadkat, a prominent Malawian banker and successful businessman, has amassed a multimillion-dollar fortune from his shares in FMB Capital Group. His stake in the Mauritius-based …

Sibanye-Stillwater, the South African multinational precious metal mining company under the leadership of leading businessman Neal Froneman, has announced a significant restructuring plan for one of its gold mines, potentially affecting …

David Langat, a prominent Kenyan businessman and founder of the DL Group, one of East Africa’s major private conglomerates, has donated a $1-million private primary school in Koilot, located in Nandi …

Gideon Muriuki, CEO of Co-operative Bank of Kenya, purchased 14.6 million shares worth Sh173 million ($1.2 million) in the first half of 2023, boosting his ownership to a two-percent stake in …

The passing of Egyptian billionaire businessman Mohamed Al-Fayed, the former owner of Harrods department store and father of the late Dodi Fayed, has ignited a fierce contest among his four …

King Mohammed VI of Morocco has donated MAD 1 billion ($98 million) to a relief fund aiding victims of the Sept. 8 earthquake. The donation, which was made on Thursday, …

The Egyptian billionaire Ghabbour family has seen the market value of their equity stake in GB Corp slump by more than $26 million over the past 43 days due to …

San Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent …