MTN weighs buying the rest of IHS Towers
MTN is in advanced talks to buy the rest of IHS Towers, a move that could reshape Sam Darwish’s tower business across Africa.
Nigerian businessman Matthew Tonlagha signs $720,000 U.S. lobbying deal as Abuja courts Washington
Matthew Tonlagha, a Tantita Security Services executive, signed a six month $720,000 lobbying deal in Washington to boost U.S. Nigeria ties.
Senegalese multimillionaire Kabirou Mbodje jailed in Paris as rape allegations case deepens
A Paris court kept Wari founder Kabirou Mbodje in custody, rejecting release as prosecutors cite witness pressure fears and flight risk.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.
Malagasy billionaire Hassanein Hiridjee's AXIAN Foundation renovates clinics in Antsirabe
AXIAN chief Hassanein Hiridjee backs renovation of four Antsirabe clinics, targeting better primary care for 185,000 residents.
Liberian watchdog questions Nigerian billionaire Arthur Eze, Oranto ties as offshore oil blocks near award
Liberia watchdogs question Oranto Petroleum’s return to offshore blocks, urging tougher vetting as Arthur Eze-linked deals move toward new contracts.
Billionaire Hisham Talaat Moustafa says real estate prices in Egypt are unlikely to fall soon
Egypt’s top developer says housing prices follow land and building costs, and demand remains strong despite higher expenses.
South African businesswoman Bridgette Motsepe-Radebe demands $630,000 legal costs from Botswana after 'Butterfly Case'
Cleared in a money laundering saga, Bridgette Motsepe-Radebe is pressing Botswana to settle costs and finish still-overdue court-ordered public apologies.
Nigerian auto magnate Innocent Chukwuma's Innoson plans new plant for CNG trucks and electric vehicles
Innoson says a new Nnewi plant will build CNG trucks and electric vehicles, adding 2,000 jobs and a youth training scheme.
Nigerian billionaire Femi Otedola now owns 18.12% stake in First HoldCo
Femi Otedola has raised his combined stake in First HoldCo to 18.12%, adding to his influence in a major banking group.
South Africa's Datatec acquires Slovenia cybersecurity distributor Real Security to expand Balkans reach
Datatec says it has bought Slovenia based Real Security, giving Westcon Comstor a Balkans foothold as cybersecurity spending and channel demand grow.
Strive Masiyiwa’s Cassava faces renewed debt scrutiny as Econet Zimbabwe plans to delist
Bondholders can’t touch Econet Zimbabwe’s cash, and now the telecom wants to leave the stock market, raising new questions about Cassava’s debts.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Accelerate continues major sales following South African mogul Michael Georgiou’s exit
Michael Georgiou continues major property sales, raising R88 million as it trims debt post-Michael Georgiou departure.