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The Inside Story: The Petrol Premier
6+ hour, 20+ min ago (252+ words) Morocco's billionaire prime minister is fighting bills to cap fuel prices in a market his own company dominates " reviving the oldest question about him. A decade in the making and only now running at full capacity, the world's most ambitious…...
Femi Otedola owns more of First Hold Co than any rival chairman
7+ hour, 8+ min ago (515+ words) Femi Otedola now owns 20. 42 percent of First Hold Co, more than any sitting Nigerian banking chairman, and the comparison with Elumelu, Aig-Imoukhede and Ovia tells a compelling story. None of them, at any point in the current era of Nigerian…...
Deep-Dive Report: Mohammed Dewji " The Turnaround Machine
8+ hour, 22+ min ago (268+ words) East Africa's only billionaire built a roughly $2. 1 billion fortune buying what others had given up on " and fixing it. Inside the METL playbook, the man, and the ordeal that tested both. The eldest Sawiris turned a telecom windfall into a…...
Agostinho Kapaia plans to bring OPAIA Group into Mozambique
9+ hour, 56+ min ago (346+ words) Angola's Agostinho Kapaia says OPAIA Group is moving into Mozambique after meeting President Daniel Chapo in Luanda Agostinho Kapaia, founder and chief executive of Angola's OPAIA Group, has announced plans to bring his diversified conglomerate into Mozambique, targeting the construction,…...
Femi Otedola raises First Hold Co stake to 20. 42 percent
20+ hour, 35+ min ago (301+ words) Femi Otedola has acquired approximately 680 million First Hold Co shares through its recently completed N45 billion private placement, lifting his total stake to 20. 42 percent. Femi Otedola has deepened his hold on First Hold Co Plc, acquiring approximately 680 million shares through the…...
MTN Nigeria CFO buys N1. 03 billion in shares on the NGX
20+ hour, 4+ min ago (395+ words) MTN Nigeria CFO Modupe Kadri has acquired 1. 3 million shares worth N1. 03 billion in a personal bet on the telecom giant's long-term growth. Modupe Kadri, chief financial officer of MTN Nigeria Communications Plc, has acquired 1, 313, 732 ordinary shares in the company worth N1. 03 billion…...
Court dismisses bid to halt Chris Obure's Senteu Plaza case
20+ hour, 13+ min ago (593+ words) A Nairobi court has dismissed a bid to halt tribunal proceedings tied to Chris Obure's SBS Dunhill Group and its KSh7. 6 billion Senteu Plaza dispute. A Nairobi court has handed Kenyan billionaire Chris Obure a significant legal victory, dismissing a bid…...
Kenya denies Chivayo role in KSh375 billion JKIA deal
20+ hour, 10+ min ago (261+ words) Kenya's Transport minister has formally denied that Wicknell Chivayo's company had any role in the KSh375 billion JKIA airport expansion contract awarded this month. Kenya's Cabinet Secretary for Transport has formally denied that any company linked to Zimbabwean businessman Wicknell Chivayo…...
Elon Musk adds South African Roelof Botha to Space X board
1+ day, 8+ hour ago (215+ words) Elon Musk's Space X has appointed Roelof Botha, the South African born former Sequoia Capital leader, to its board days after its record $75 billion IPO. Space X has appointed Roelof Botha, the South African born former managing partner of Sequoia…...
Elon Musk's Space X shares fall 20 percent and analysts say sell
18+ hour, 56+ min ago (243+ words) Space X shares have fallen more than 20 percent from their post-IPO high and credible analysts say the stock is still significantly overvalued at current levels. Space X shares have fallen more than 20 percent from their post-listing peak in less than…...