Bertina Engelbrecht's Clicks Group has lost $1.2 billion and the outlook is getting worse
Clicks Group has lost R19.7 billion in market value in five months after a brutal interim outlook rattled investors.
Ethelbert Cooper, the Liberian who built a $3 billion African oil empire, is dead at 73
Ethelbert Cooper, the Liberian entrepreneur who co-founded Afren plc and spent four decades shaping Africa's natural resources sector, died on May 23, 2026.
Katlego Maphai's Yoco acquires AI startup Dyner to build smarter tools for 200,000 small businesses
South African payments fintech Yoco has made its first known acquisition, buying AI startup Dyner.ai to build smarter tools for independent businesses.
Black billionaire Robert F. Smith launches world's first enterprise AI inference cloud backed by $3.5 billion
Robert F. Smith has launched what is billed as the world's first enterprise AI inference cloud, backed by a $3.5 billion compute commitment to SambaNova.
Kevin Hart's $650 million Hartbeat empire is crumbling under layoffs lawsuits and leadership chaos
Kevin Hart's Hartbeat media company, once valued at $650 million, is fighting multiple lawsuits and has been gutted by layoffs and executive departures since 2024.
Kenya's Moi family business empire is under strain as relations with President Ruto sour again
Gideon Moi's family business empire is under renewed pressure as a short-lived political rapprochement with President William Ruto shows signs of breaking down.
Kenyan billionaire Humphrey Kariuki takes Africa's Great Blue Wall push to Monaco
Kenyan billionaire Humphrey Kariuki used a major Monaco ocean forum to call for scaled investment in Africa's Great Blue Wall marine conservation initiative.
Katlego Maphai exits Yoco after a decade as South African fintech appoints European banker as its first outside CEO
South African payments fintech Yoco has handed the CEO role to an external executive for the first time in its 11-year history.
Ghana sues Jospong founder Siaw Agyepong over $2 million claimed gap in a $178 million road contract
Ghana's Attorney-General has filed a lawsuit against Jospong founder Joseph Siaw Agyepong and his firm J.A. Plant Pool over a $2 million gap in a $178 million road contract.
Nigerian lawmakers reject move to break up Tompolo's Tantita pipeline contract
Nigerian lawmakers and Niger Delta stakeholders have formally rejected calls to decentralise Tompolo's Tantita pipeline surveillance contract, backing a long-term extension instead.
Billionaire Sandile Zungu just won South Africa's lottery and a Madagascar nickel mine in the same year
Sandile Zungu started 2026 by acquiring a Madagascar nickel mine and ended it by taking over South Africa's national lottery in a remarkable double play.
The Richest Black women in America 2026
Oprah Winfrey, Rihanna, Beyoncé and Sheila Johnson lead a powerful group of Black women who have built some of America's most impressive fortunes.
Zim tycoon Ken Sharpe's WestProp installs 1MW solar plant at Millennium Heights in push to take Harare estates off the national grid
WestProp Holdings has commissioned a 1-megawatt solar car park at Millennium Heights in Harare as CEO Ken Sharpe accelerates a full off-grid energy strategy.
Black billionaire David Steward's son paid $17 million for a horse farm in Florida with 38 stalls
David Steward II paid $17 million for a horse farm in Wellington's Grand Prix Farms, one of Florida's most exclusive equestrian communities.
Italy bans Kanye West from Reggio Emilia show over safety fears
Italian authorities have blocked Kanye West from performing in Reggio Emilia, citing public order concerns, as his troubled European comeback tour loses another date.
Egyptian tycoon Safwan Thabet's Juhayna Food doubles first-quarter profit to $13.6 million on surging sales
Egypt's Juhayna Food Industries more than doubled its first-quarter net profit in 2026 as revenue climbed sharply across dairy and juice segments.