Aliko Dangote refinery halts gasoline unit for two weeks
Dangote’s $20 billion Nigerian refinery has shut its gasoline unit for two weeks after technical faults, disrupting output and tightening markets.
Ugandan tycoon Emmanuel Katongole’s QCIL secures $2 million facility
The financing will help QCIL strengthen supply chains and widen the reach of its medicines.
South Africa’s Saltzman-backed Dis-Chem opens 300th store in Mbombela
Dis-Chem, backed by South Africa’s Saltzman family, has opened its 300th store in Mbombela, expanding access to affordable primary healthcare.
Zimbabwean executive Never Mhlanga arrested in $5 million Montclair Hotel fraud case
Zimbabwean executive Never Mhlanga arrested over $5 million Montclair Hotel and Casino sale fraud allegations in Harare.
Anglo, led by South Africa’s Duncan Wanblad, hits Brazil probe over $500 million nickel sale
Brazil reviews Anglo American’s $500 million nickel deal with MMG, raising scrutiny on Duncan Wanblad’s strategy and China’s role in minerals.
South African pharma tycoon Gus Attridge loses $15.8 million on Aspen stake
Aspen co-founder Gus Attridge loses $15.8 million in three weeks as drug stocks fall, cutting Aspen’s value below $2.6 billion.
Paratus, led by Schalk Erasmus, rolls out Namibia’s first private mobile network
Paratus, led by Schalk Erasmus, invests $34M to launch Namibia’s first private LTE and 5G network, connecting 50 towns and 80 communities.
Cardi B cleared in $24 million civil assault case
Cardi B was cleared in a $24 million assault suit after a jury found no evidence she attacked a former security guard outside a Beverly Hills clinic.
Nigerian entrepreneur Seyi Ebenezer’s Payaza secures SEC approval for $13 million commercial paper
Payaza Africa secures SEC approval for $13 million commercial paper, attracting strong investor interest to fund Pan-African expansion and tech upgrades.
The quiet power of Christian Kerangall, Gabon’s richest man
Christian Kerangall, Gabon’s richest man, turned quiet dealmaking into an empire spanning banks, retail, and utilities—shaping the nation’s economy for generations.
Shoprite, backed by Christo Wiese, flags Mozambique review amid record sales
Shoprite, backed by billionaire Christo Wiese, is weighing Mozambique operations as it posts record sales and profit in South Africa.
Prosus, South African billionaire Koos Bekker, backs $12.5 million round for Arabic speech startup
Prosus, chaired by Koos Bekker, led a $12.5 million Series A in Intella, backing Arabic-first AI tools for enterprises across MENA.
OpenAI makes $1.1 billion acquisition as Nigerian billionaire Ogunlesi serves on board
OpenAI acquires Statsig for $1.1 billion, expanding product testing tools while Adebayo Ogunlesi brings boardroom influence.
Former Egyptian billionaire Ahmed Ezz returns to public life with industry board bid
Steel billionaire Ahmed Ezz has reemerged after years away, seeking a seat in Egypt’s metallurgical chamber elections with speculation about higher ambitions.
Africa's richest man Aliko Dangote's refinery sends first petrol cargo to U.S.
Dangote’s $20 billion refinery sent its first gasoline cargo to the U.S., marking Nigeria’s debut as a direct fuel exporter to America.
Invicta, backed by South African billionaire Christo Wiese, buys UK’s Spaldings Group for $16 million
Invicta Holdings, led by Christo Wiese, buys Spaldings Group for $16 million to strengthen its U.K. and European presence.