Gerrie Fourie banks R155 million farewell after a decade leading Capitec
Former Capitec chief executive Gerrie Fourie banked a R155 million farewell package after a decade leading South Africa's largest bank by client base.
Moroccan tycoon Yariv Elbaz's Forafric is selling its flour business to billionaire Chakib Alj while announcing it wants to pivot to drones and AI
Nasdaq-listed Forafric is selling control of its Moroccan flour business to billionaire Chakib Alj while announcing a drone and AI pivot, one year after a formal going concern warning.
10 Black celebrities who built their own liquor empires
From Jay-Z's champagne empire to Beyoncé's whisky debut, these 10 Black celebrities have turned alcohol ventures into serious, bankable businesses.
South African billionaire Christo Wiese’s stake in Blue Ribbon owner diluted after R6bn RFG deal
South African billionaire Christo Wiese has seen his stake in Premier Group, owner of Blue Ribbon bread, reduced after the company’s nearly R6 billion acquisition of RFG Holdings.
South African billionaire Patrice Motsepe shields African Rainbow Minerals brand in fresh trademark win
Patrice Motsepe has scored another trademark win as South Africa's Companies Tribunal forced a Durban firm to strip the African Rainbow name from its registration.
Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
Strive Masiyiwa unveils Econet AI to reshape Zim's economy
Strive Masiyiwa is accelerating Africa's technological shift by launching Econet AI, a dedicated business unit focused on integrating artificial intelligence across Zimbabwe's economy.
Nigerian billionaire Mike Adenuga turns 73: Inside the quiet legacy of Globacom's founder
Nigerian billionaire Mike Adenuga turns 73 on April 29, marking more than four decades of bold bets across telecom, oil and gas, and banking.
MTN Nigeria vests 3.77m shares to 106 employees
MTN Group CEO Ralph Mupita has authorized the vesting of nearly four million shares to Nigerian employees to secure top West African talent.
Segun Ogunsanya launches IFC-backed CycleFlow to unlock $30 billion for Nigerian MSMEs
Segun Ogunsanya, former Airtel Africa chief, is chairing CycleFlow, an IFC-backed platform built to unlock billions in liquidity for Nigeria's small businesses.
Nigerian multimillionaire tycoon Cosmas Maduka, Asia Star deepen electric bus partnership
Cosmas Maduka is positioning Coscharis Group at the center of Nigeria's electric mobility push, deepening his partnership with Chinese bus manufacturer Asia Star.
Dangote turns Nigeria into net petrol exporter as refinery output climbs
Aliko Dangote achieved a historic milestone as his refinery turned Nigeria into a net petrol exporter, fundamentally shifting the nation's energy trade dynamics.
Martin Nesbitt: 7 companies that built a private equity name
From airport parking to a $10 billion private equity firm, Martin Nesbitt's career spans seven companies that redefined impact investing in America.
Lo Toney: 7 companies that define his venture capital legacy
From Nike's digital halls to his own Plexo Capital, Lo Toney's career spans seven companies that define modern venture capital investing
Dangote turns 69 as Tinubu leads tributes, NNPC doubles crude supply and $100bn expansion plan takes shape
Aliko Dangote turned 69 on Friday as Tinubu led birthday tributes, NNPC doubled crude deliveries and a $100 billion expansion plan moved forward.
Oando is raising $750 million for a 100-well drilling push that CEO Wale Tinubu says could triple the company's oil output
Oando CEO Wale Tinubu told Reuters the company is raising up to $750 million for a 100-well drilling campaign that could boost production by 300%, with the Iran war lifting investor appetite for West African crude.