Seplat, co-founded by Nigerian businessman Austin Avuru, reports $2.73 billion revenue surge
Seplat Energy posted a 144 percent revenue jump to 2.73bn dollars in 2025, boosted by offshore assets and stronger gas output.
South African billionaire and CAF President Patrice Motsepe praises Infantino after 10 years as FIFA boss
CAF has praised Gianni Infantino as he marks 10 years leading FIFA, citing his leadership and impact on African and global football.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
Vista Equity Partners backs SambaNova in $350M AI chip deal
Vista Equity Partners leads $350 million round in AI chipmaker SambaNova as demand rises for inference hardware and Intel signs partnership.
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
South African businessman Phillip Abelheim’s Transpaco blocked from acquiring Premier Plastics
South Africa’s Competition Commission blocks Transpaco’s R128m acquisition of 35 year old Premier Plastics, halting the planned expansion.
Armstrong Takang’s MOFI declares $16.9m dividend payout to shareholders
MOFI posts N25.3bn profit and declares a $16.9m dividend after expanding mortgage disbursements across 21 states and the FCT.
Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
South African businesswoman Magda Wierzycka to launch AI startup fund in South Africa
South African businesswoman Magda Wierzycka is launching an AI startup fund to back local founders and slow the outflow of talent.
NBCUniversal sues Richelieu Dennis-linked Group Black for $35.8 million over unpaid Peacock ad revenue
NBCUniversal sued Group Black, co founded by Richelieu Dennis, alleging $35.8 million in unpaid Peacock advertising revenue and guaranteed payments from a partnership.
Kenyan tycoon Francis Njogu's Gulf Energy secures $15 million drilling rig
Gulf Energy chairman Francis Njogu has secured a $15 million oil rig as the company prepares to begin drilling in Turkana.
Africa's richest man to fund $1 million scholarhips for Bayero University Postgraduate students
Aliko Dangote has committed N1.5 billion to support postgraduate business students at Bayero University Kano through a five year scholarship scheme.
South African billionaire Mark Shuttleworth to pay $958 to Principe Island residents to protect biodiversity
South African tech billionaire Mark Shuttleworth is launching a cash stipend for thousands on Principe Island to reward environmental protection efforts.
Mellody Hobson’s Chicago power play: Ariel co CEO expands influence from Wall Street to women’s sports
Mellody Hobson rose from a tough Chicago childhood to co lead Ariel Investments, becoming a rare Black woman at the top of U.S. finance.