Adrian Gore's Discovery Green faces legal challenge from Eskom over trading license
Eskom sues to block trading licenses issued to Discovery Green and others, warning of grid risks and unfair energy market competition.
Christo Wiese-backed Pepkor draws $470 million investment from US-based hedge fund
Silverpoint Capital’s $470 million stake in Christo Wiese-backed Pepkor signals global investor confidence, following PIC’s deeper $874 million commitment.
Aliko Dangote’s cement business hauls in $1.35 billion in six months
Dangote Cement posts $1.35 billion H1 revenue, profit surges 174% as pricing strategy and strong Nigerian market drive top-line and bottom-line growth.
Safaricom, led by Peter Ndegwa, to pay $372 million in dividends to shareholders
Safaricom, led by Peter Ndegwa, declared a $372.6 million dividend after surpassing $3 billion in revenue, marking its third straight strong payout.
Aliko Dangote turns to Angola tankers as Nigeria misses out on $400 million shipping revenue
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
Ugandan tycoon Charles Mbire-led MTN Uganda unveils fintech spin-off
MTN Uganda will spin off its mobile money unit into a standalone fintech firm, aiming for IPO and long-term growth in East Africa's digital economy.
Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
French billionaire’s firm wins final approval in DStv owner MultiChoice takeover
Canal+, owned by French billionaire Vincent Bollore, has won final approval to fully acquire MultiChoice in a $2.9 billion media takeover.
Hassan Allam's construction group seals deal to power Egypt’s green farming future
Hassan Allam and Schneider Electric launch solar-powered smart farming project to boost food security and green energy in Egypt’s Nile Delta region.
Meet Catherine MacGregor: Moroccan-born businesswoman leading a $55 billion energy giant
Moroccan-born Catherine MacGregor steers Engie’s global renewables pivot, championing sustainability, innovation, and gender equity in energy.
Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.
Net asset value of South African billionaire Johann Rupert’s Reinet falls
The decline comes despite strong March gains, as Reinet shifts focus from tobacco to long-term alternative asset strategies.
South African mining mogul Neal Froneman guides Sibanye’s $82 million bid for U.S. metals recycler
Sibanye-Stillwater, led by Neal Froneman, acquires U.S.-based Metallix for $82 million, boosting its circular economy strategy and U.S. metals footprint.
Econet, led by Zimbabwe’s richest man, to pay $16 million to investors
Econet Wireless Zimbabwe, led by billionaire Strive Masiyiwa, announces $16.3 million dividend amid strong data and FinTech performance.