Dis-Chem, led by Ivan Saltzman, eyes disruption of South African life insurance market with new venture
Dis-Chem, under the leadership of Ivan Saltzman, plans a disruptive entry into South Africa’s life insurance market, challenging Discovery Life with data-driven, cost-efficient offerings.
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Centum, backed by Kenya’s Kirubi family, posts $2.5 million half-year loss
Centum reported a $2.52 million loss for the half-year ended Sept. 30, 2025, as weaker sales and uneven economic conditions weighed on performance.
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials, expanding its professional services network.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Kenya court orders businessman SK Macharia’s guards out of Directline office
Court rules SK Macharia violated orders, directing removal of guards from Directline’s Nairobi office amid leadership battle.
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Nestoil, Neconde and Ernest Azudialu’s appeals suffer defeat as the Supreme Court orders them back to the Court of Appeal
The Supreme Court halted multiple appeals, directing parties back to the Court of Appeal and warning lawyers that debt recovery disputes should focus on repayment, not delays.
Nigerian banker Jim Ovia reflects on a $5 million decision that became $3.3 billion
Nigerian banker Jim Ovia reflects on turning a $5 million bet in 1990 into a bank with more than $3.3 billion in shareholders’ funds.
Starlink blocked in South Africa; Elon Musk claims race-based decision
Elon Musk says South Africa’s race-based telecom rules block Starlink, despite $121.8 million investment and plans for rural schools.
Nigerian tech entrepreneurs secure $11.75 million for defense startup Terra
Nigerian tech entrepreneurs Nathan Nwachuku and Maxwell Maduka raise $11.75 million to scale Terra Industries’ autonomous defense systems across Africa.