IFC plans $40 million bet on Egyptian billionaire Naguib Sawiris’ Nile Sugar desert project
The IFC is considering a $40 million loan to Nile Sugar Company, owned by Naguib Sawiris, to expand sugar beet farming in Upper Egypt.
Devtraco, led by Ghanaian real estate mogul Joseph Aidoo, opens prime property to Nigerian capital
High-net-worth Nigerians are quietly moving capital into Accra's premium property market, drawn by dollar yields, stable tenants and structured entry through Devtraco Group.
Vista Equity Partners completes $800 million acquisition of Omnitracs, targets Roadnet next
Vista Equity Partners closed its $800 million purchase of Omnitracs and moved the same day to acquire fleet software maker Roadnet Technologies.
South African billionaire Michiel Le Roux's Capitec launches Smart ID services at seven branches
Capitec has launched Smart ID services at seven branches, letting clients apply in under five minutes with no booking required and no Home Affairs official needed.
Patrice Motsepe’s African Rainbow Minerals expands mining empire with manganese export terminal at Ngqura Port
Patrice Motsepe's African Rainbow Minerals is joining a consortium to build a new manganese export terminal at Ngqura Port in the Eastern Cape.
Madagascar's most powerful businessman is now in a Mauritius jail facing a third international arrest warrant
Madagascar's anti-corruption court has issued a third international arrest warrant against tycoon Mamy Ravatomanga, adding a mining scandal to his growing legal troubles.
Billionaire TY Danjuma's SAPETRO donates N1 billion to Lagos security fund
TY Danjuma's oil company SAPETRO has donated N1 billion to the Lagos State Security Trust Fund, one of the largest single private-sector contributions in recent years.
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
She took a DNA test. Now she's heir to a $53.8 million Kenyan empire
A decade after being shut out of her father's inheritance, Chepkoech Too has won a DNA paternity case that unlocks a Sh7 billion estate.
Tyler Perry responds to $77 million sexual assault lawsuit, calls it a money grab
Tyler Perry's attorneys say a $77 million sexual assault lawsuit against him is fabricated revenge by an actor cut off from years of financial handouts.
Stephen Saad's Aspen Pharmacare predicts double-digit growth despite tough first half
Aspen Pharmacare reported a steep drop in first-half earnings due to one-off restructuring costs but expects double-digit profit growth by year-end.
Discovery CEO Adrian Gore says South Africa is at a critical turning point
Discovery CEO Adrian Gore says South Africa has turned a corner, pointing to hard data and a palpable shift in how people talk about the country.
South African tycoon Mustaq Brey’s Brimstone posts 98% profit jump, clearing $32 million in debt
Mustaq Brey's Brimstone Investment nearly doubled headline earnings in 2025, driven by Sea Harvest and over $32 million in debt repaid.
King Mswati III of Eswatini completes 105 government projects worth $8.9 million, benefiting thousands
King Mswati III's government has completed 105 community projects worth $8.9 million, creating 402 jobs and reaching 12,481 emaSwati across the country.
Nigerian government awarded a $15.7 million contract to controversial businessman Nasiru Danu, a man once arrested at Heathrow with a fake passport
Nigeria's aviation minister awarded a N21.68 billion contract to a firm whose initials point directly to a businessman with a fraud-laden past.