BET cancels show financially backed by LeBron James
BET pulled the plug on Cam Newton’s “106 & Sports” after eight episodes, a quick end despite LeBron James and SpringHill’s involvement.
Moroccan real estate billionaire Anas Sefrioui bets $300 million on luxury towers in Abidjan
Addoha founder Anas Sefrioui is putting $300 million into Abidjan’s Zone 4, a luxury project built around four 20 story towers.
Nigerian cable tycoon Solomon Onafowokan targets $37 million raise after fibre optic factory launch
Coleman founder Solomon Onafowokan is raising up to N50 billion to support cable production and fibre optics, months after opening a major Sagamu factory.
Robert F. Smith's Vista and Intel co-lead $350 million plus raise for AI chip startup SambaNova
Vista and Intel are co-leading a $350 million plus round for SambaNova, resetting the company after an Intel takeover did not happen.
Revego raises R1 billion to expand South Africa renewables
Revego Africa Energy Fund raised R1 billion in new capital to expand South Africa renewables, backing a 150 MW solar plant and five wind projects.
Patrice Motsepe steps back from executive chair role at ARM as JSE rules tighten
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Flutterwave CEO Olugbenga Agboola joins $22 million Terra round as Nigeria defense tech targets Sahel markets
Flutterwave CEO Olugbenga Agboola joined a $22 million round for Terra Industries, a Nigerian defense tech startup expanding into high risk Sahel markets.
Swiss private bank Pictet opens South Africa office as Africa’s millionaire ranks swell
Swiss private bank Pictet is opening in South Africa after regulatory approval, betting Africa’s wealthy class will drive more cross border investment.
Meya Mining lands $25 million Ecobank facility as Trustco backs ramp up in Sierra Leone diamonds
Meya Mining secured a $25 million Ecobank facility that Trustco says will fund new equipment and speed diamond output in Sierra Leone.
Report says Jeffrey Epstein explored Nigeria oil trade, then walked away over fraud fears
A report says Jeffrey Epstein explored a Nigerian crude deal in 2010 but pulled back, telling an associate he feared being defrauded.
Tony Elumelu says Tinubu wants faster power reforms and bigger support for young entrepreneurs
Tony Elumelu says President Bola Tinubu pledged faster power reforms and stronger support for entrepreneurs as Nigeria works to steady the economy.
Vista, led by billionaire Robert F. Smith, explores $1B-plus AlertMedia sale
Vista Equity has started exploring a possible $1 billion plus sale of AlertMedia, a Texas crisis messaging firm with big brand customers.
IFC eyes $8 million stake in Adesuwa Okunbo Rhodes’ Aruwa Capital SME fund
IFC is weighing an $8 million stake in Aruwa Capital Fund II, boosting Adesuwa Okunbo Rhodes’ push to finance women focused SMEs in West Africa.
Nigerian oil tycoon Tunde J. Afolabi's Amni Petroleum in trouble over $15 million debt
A Lagos court appointed an administrator over Amni Petroleum assets in a debt dispute, a move the company says is being challenged.
Burkinabe finance tycoon Simon Tiemtore completes acquisition of Saham Assurances Niger
Vista Group says it has bought Saham Assurances Niger and will relaunch it under the Vista name as it builds a West African insurance network.
Sheikh Tahnoon bin Zayed-backed belton acquires Baobab in €197.6 million Africa expansion push
Beltone, backed by Sheikh Tahnoon bin Zayed’s Chimera, bought Baobab Group for €197.6 million to expand across Africa.