Anglo American, led by South Africa's Duncan Wanblad, to cut jobs in Australia’s Bowen Basin mines
The Isaac Regional Council, which covers the coal-rich Bowen Basin, said about 200 jobs will be affected.
Mellody Hobson’s Ariel Alternatives expands with industrial services acquisition
Mellody Hobson’s Ariel Alternatives expands into industrial services with its $1.45B Project Black fund, acquiring Groome Industrial Service Group.
Egyptian billionaire Mohamed Mansour points to AI as Africa’s development lever
Egyptian billionaire Mohamed Mansour sees artificial intelligence as a key lever for Africa’s growth.
Shoprite Nigeria shuts stores in major cities 4 years after Tayo Amusan’s Ketron takeover
Four years after Tayo Amusan’s Ketron takeover, Shoprite Nigeria is still struggling to steady its business in Africa’s most populous economy
Tanzanian billionaire Rostam Aziz’s $100 million gas plant in Kenya halted by court freeze
A Kenyan court has kept a freeze on Rostam Aziz’s Taifa Gas project, stalling the billionaire’s bid to transform East Africa’s LPG market.
Tanzanian tycoon Edhah Abdallah Munif hits roadblock in Kenya's Portland cement deal
Kenyan lawmakers stopped Tanzanian billionaire Edhah Abdallah Munif from buying Portland Cement shares at half price, citing undervaluation and foreign control concerns.
South African entrepreneur André Pienaar sued over $10 billion Amazon contract
André Pienaar sued in Washington over $10 billion Pentagon cloud contract involving Amazon and lobbying claims.
Egypt’s Ghabbour family loses $46 million as GB Corp stock slides
The Ghabbour family’s stake in GB Corp. has lost over $46 million in value after a sharp drop on the Egyptian Exchange.
Egypt’s billionaire El-Sewedy family to build $29 million cold-storage facility
The project aims to strengthen Egypt’s cold chain infrastructure, improve food quality, and cut waste, the companies said in a joint statement.
Prosus, led by South African billionaire Koos Bekker, puts $139 million into Indian firm before IPO
Prosus, chaired by Koos Bekker, raised its stake in India’s Urban Company to 7.35% with a $139 million investment ahead of its IPO.
Glencore, led by Gary Nagle, in talks to rescue South African smelters
Glencore, led by Gary Nagle, pursues talks with South Africa’s government to rescue smelters as power costs rise.
Egyptian businessman Naguib Sawiris nears $10 billion fortune
Naguib Sawiris nears a $10 billion fortune as gold and real estate investments fuel his rise.
Nigerian logistics mogul Taiwo Afolabi opens new projects to boost community life
Taiwo Afolabi commissions ICT hub, market stalls, and a recreational park in Ogun State to uplift local communities.
Egypt Kuwait Holding secures major drilling rights amid rising oil production in Egypt
Egypt Kuwait Holding’s Parenco Egypt wins North Sinai drilling rights in Cairo’s $121 million exploration deals, cementing Loay Jassim Al-Kharafi’s influence in Egypt’s energy sector.
Salwa Idrissi Akhannouch: Morocco’s retail Queen who built a luxury empire
Salwa Idrissi Akhannouch fused heritage and ambition to build Morocco’s leading luxury-retail empire—franchises, malls, beauty, and more—shaping commerce and culture alike.
Africa’s richest man, Aliko Dangote, sends two more fuel cargoes to U.S.
Dangote Petroleum Refinery exports two additional fuel shipments to the U.S., boosting production and international presence.