Patrice Motsepe's GoTyme Bank exits Pick n Pay kiosks, bets on mall hubs instead
Patrice Motsepe's GoTyme Bank is exiting Pick n Pay kiosks and replacing them with dedicated mall-based Consumer Hubs across South Africa.
Elon Musk launches Terafab, a $20 billion chip factory built for space and robots
Elon Musk called Terafab the most ambitious chip-building exercise in history, with 80% of its output earmarked for orbital AI computing.
Mark and Brett Levy's Blu Label Unlimited shares lose $85.1 million in seven months
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
James Mwangi's Equity Group abandons Ethiopia-first strategy to acquire Angolan bank
James Mwangi's Equity Group is pivoting to Angola for a bank acquisition after Ethiopia's restrictive foreign ownership rules stall its market entry.
Aliko Dangote's refinery exports 456,000 tonnes of fuel to Ghana, Togo and three other African nations
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
French President Macron picks Nigerian tycoon Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May
Emmanuel Macron has appointed Nigerian billionaire Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May.
Zim billionaire Strive Masiyiwa's Cassava launches Africa's first NVIDIA-powered AI factory in South Africa
Strive Masiyiwa's Cassava Technologies launches Africa's first NVIDIA-powered AI factory in South Africa, targeting Nigeria, Kenya, Egypt and Morocco.
Billionaire Abdul Samad Rabiu's ASR Africa celebrates mentorship milestone at UN women's summit in New York
Abdul Samad Rabiu's ASR Africa convened mentors and partners in New York to map the next phase of its women's mentorship program across Africa.
Mellody Hobson's $1 billion women's sports fund would be the largest ever
Ariel Investments is pushing Project Level toward a $1 billion target after closing $250 million for its women's sports fund.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Idrissa Nassa's Coris Bank takes another shot at Cameroon, the CEMAC region's most lucrative banking market
Coris Bank International has filed to enter Cameroon, seeking a foothold in the CEMAC region's largest and most profitable banking market.
Safwan Thabet's Juhayna Food Industries posted nearly EGP 1.9 billion in profit in 2025 even as earnings fell 20 percent from a year ago
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Kirubi family-linked Centum exits Sidian Bank in final stake sale
Centum, linked to the late Chris Kirubi’s estate, has sold its remaining Sidian Bank stake, ending a 25-year investment.
Woolworths CEO Roy Bagattini seals in2food deal to control its premium meals supply chain
Woolworths is buying 100% of in2food Holdings from its founders and Old Mutual Private Equity in a cash deal expected to lift earnings immediately.
Kenyan banking mogul James Mwangi's Equity Bank Rwanda loses $3.2 million in fraud as 35 suspects arrested
Equity Bank Rwanda lost about $3.2 million in a fraud scheme that exploited its mobile money float system, with 35 people arrested.
South African heiress who bought ex Coca-Cola boss’s Belrose mansion for $8m now seeks $20m after major makeover
Luciana Ravazzotti Langenhoven has listed a Belrose estate bought for $8 million, chasing about $20 million after years of renovations.