Lion Forge, founded by Black billionaire David Steward’s son, secures $30 million investment
Lion Forge, founded by billionaire David Steward’s son, secures $30 million from HarbourView to expand franchises across animation and family content.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa begins Kenya data center project
Airtel Africa has broken ground on a 44-megawatt Nxtra data center at Tatu City, Kenya, to serve enterprises, government agencies, and global cloud providers.
Ghana’s richest investor, Daniel Ofori, gains $7.6 million on GCB Bank shares
Ghana’s richest investor Daniel Ofori gains $7.6 million from GCB Bank’s 73% stock rally this year.
Black billionaire Tyler Perry faces $260 million lawsuit
Billionaire filmmaker Tyler Perry faces a $260 million lawsuit from actor Derek Dixon alleging assault, coercion and retaliation.
U.S.-Nigerian telecom mogul Sam Darwish’s IHS stake tops $90 million
IHS Towers co-founder Sam Darwish sees his holdings rise above $93 million as the company’s market cap nears $2.4 billion.
Kenny Fihla-led Absa, deepens AWS partnership to drive digital transformation across Africa
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
MTN, led by Zimbabwean executive Ralph Mupita, rules out building fiber network
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
Nigerian banker Peter Ashade-led United Capital signs $3.3 million solar minigrid loan
United Capital, led by Peter Ashade, funds Husk Power’s $3.3M community solar minigrid in Nigeria to expand clean energy access.
South African billionaire Patrice Motsepe’s ARM halts operations at Bokoni mine
The company said Friday the shutdown will allow it to work on a revised mining plan for the Limpopo-based mine, after mounting losses and rising costs.
Nigerian tech tycoon Leo Stan Ekeh pledges 1 million laptops for students
Leo Stan Ekeh’s Zinox has launched a CSR program to provide one million Nigerian students with laptops, internet, and power support.
Egyptian tycoon Hani Berzi loses $11 million on Edita stake
Egyptian businessman Hani Berzi’s Edita stake drops $11 million after stock slide, though annual gains remain largely intact.
Neal Froneman-led Sibanye completes $129 million U.S. metals recycling deal
Sibanye-Stillwater, led by outgoing CEO Neal Froneman, closed its $129 million purchase of U.S. recycler Metallix to boost circular economy push.
Karl Toriola-led MTN Nigeria to spend $664 million on network expansion
The commitment comes despite a difficult year that left the industry struggling with foreign exchange shortages and soaring operating costs.
Algerian tycoon Benhamadi’s Condor inks $80 million worth of trade deals across Africa
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
Egyptian billionaire Hisham Talaat Moustafa loses $59 million from TMG stake
Egyptian billionaire Hisham Talaat Moustafa loses $59 million as Talaat Moustafa Group shares fall on the Egyptian Exchange.
South African billionaire Koos Bekker-led Prosus backs Orbii’s $3.6 million seed round
The round also drew backing from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500.