Uganda clears Absa takeover of Standard Chartered's retail and wealth banking business
The Bank of Uganda has approved Absa Bank Uganda's takeover of Standard Chartered's retail and wealth banking operations in the country.
Johann Rupert's Richemont surged 11% in May and is now closing in on a R2 trillion JSE valuation
Richemont surged nearly 11% in May, pushing its JSE market cap to just under R1.9 trillion as Johann Rupert's luxury empire closes in on a historic R2 trillion milestone.
Idrissa Nassa's Coris and Vista Bank seek $45 million from IFC for SME lending in Senegal
Idrissa Nassa's Coris Holding and Vista Bank are jointly requesting $45 million from the IFC to expand SME lending in Senegal, separate from the $10 million Chad facility already in the pipeline for Coris.
Robert F. Smith's Vista Equity wins as Delaware court dismisses $4.6 billion KnowBe4 lawsuit
Delaware's Chancery Court dismissed a stockholder challenge to Robert F. Smith's Vista Equity over its $4.6 billion take-private of cybersecurity firm KnowBe4.
Ghana sets new terms for Gold Fields' $1 billion Tarkwa mine lease renewal as resource nationalism deepens
Ghana's Minerals Commission confirmed active talks with Gold Fields over the Tarkwa mine lease renewal, setting new conditions covering local value creation, technology transfer and community development.
Ghana's AG sues business tycoon Joseph Siaw Agyepong over $2 million gap in a $178 million contract
Ghana's AG sued Jospong founder Siaw Agyepong and his firm Plantpool over $2 million in alleged overpayments on a $178 million road contract.
Billionaire Strive Masiyiwa's Cassava Technologies backs new African AI foundation
Strive Masiyiwa's Cassava Technologies has backed a new Kigali foundation to provide compute grants and skills training for African AI builders.
Billionaire Johann Rupert's Reinet is sitting on $6.7 billion in cash
Johann Rupert's Reinet Investments is sitting on R110.1 billion ($6.72 billion) in cash after selling its two largest holdings and leaving the question of what comes next wide open.
Jim Ovia, Ogunlesi, Mwangi and Jonah named Lifetime Achievement winners at ABLA 2026
Jim Ovia, Adebayo Ogunlesi, James Mwangi and Sam Jonah have been named Lifetime Achievement Award winners at the 16th African Business Leadership Awards 2026.
Robert F. Smith's $1.6 billion Vista Credit fund capped redemptions after one investor tried to exit
One large investor triggered the redemption cap at Robert F. Smith's Vista Credit fund, cutting other investors' quarterly payouts to about 50 percent.
Jamaican billionaire Michael Lee-Chin is suing a bank to stop it from selling his $35 million Cayman mansion
Two Lee-Chin companies have sued FirstCaribbean Bank in the Cayman Islands to block a forced sale of his $35 million Seven Mile Beach estate.
Tanzanian billionaire Edha Nahdi's Amsons Group is in advanced talks to acquire Oryx Energies for $250 million
Tanzania's Amsons Group is in advanced talks to acquire Geneva-based Oryx Energies for $250 million, including its Tanzania fuel and LPG assets.
Byron Allen paid $25 million for a Starz stake. The network deployed a poison pill. Now he says he will buy the whole company.
Byron Allen acquired 10.7 percent of Starz for $25 million and says the network's poison pill defense will not stop him from buying the entire company.
Nigerian tech tycoon Leo Stan Ekeh opens $365,000 AI center at his alma mater, a first in Eastern Nigeria
Zinox founder Leo Stan Ekeh commissioned a N500 million AI center at his Owerri alma mater, the first of its kind in Eastern Nigeria.
Adrian Gore’s Discovery quits South Africa's top business lobby after taking bigger role
Discovery CEO Adrian Gore has left Business Unity South Africa after four years to chair Business Leadership South Africa from May 2026.