South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.
Editorial Team
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
Egyptian billionaire Mohammed Mansour donates £100,000 to COVID-19 memorial fund in Knightsbridge
His donation will support building a multi-faith memorial at St. Paul’s Cathedral.
DRC could lose billions from resource deals with Dan Gertler: activists
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
Nigerian anti-graft agency recovers $153 million from former petroleum minister
An additional 80 homes valued at $80 million have been recovered from ex-Minister Diezani Allison-Madueke.
Nigerian banking executive Herbert Wigwe’s Access Bank Group acquires South Africa’s Grobank
The Nigerian tier-1 capital bank now has a controlling stake in Grobank.
Prince Misuzulu named Zulu king amid tension, government withdraws security
The newly appointed king was whisked out of the royal palace for safety concerns.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part II.
Part II of our gallery of Russian and Eurasian businessmen who are pursuing opportunities in Africa.
From Daring to Diligent to Dangerous: The Many Colorful Faces of Russian and Eurasian Business in Africa. Part I.
Since the fall of the Soviet Union, an eclectic array of Russian and Eurasian entrepreneurs have taken to the African continent.
Nigerian multimillion-dollar startup Paystack launches in South Africa
After a six-month pilot program, Nigerian payments platform Paystack has launched operations in South Africa.
Liquor mogul Tabitha Karanja’s Keroche Breweries ready to accept legal decision in war with EABL
Keroche is a strong competitor for the British-controlled EABL, holding a 29-percent share of Kenya’s alcoholic beverage market.
Elon Musk’s SpaceX receives over 500,000 preorders for Starlink Internet
The project will provide global broadband Internet access to remote places.
Controversy over First Bank of Nigeria’s clash with regulator stirs bank run
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
Safaricom to earn Ksh 1.5 billion from Kenya’s state budget in 2021
The money is part of a $139.25-million payment for installing security and surveillance systems.
As royal family moves to bury Queen Regent, tensions hover over Zulu throne
The Amazulu royal kingdom has announced the official burial date of the late Queen Regent Shiyiwe Mantfombi Dlamini Zulu.
South Africa’s top insurer increases stake in Morocco’s SAHAM Assurance Maroc
South Africa’s largest insurer is acquiring an additional 22.8-percent stake in Morrocco’s SAHAM Assurance Maroc.