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Accelerate Property Fund may write down R800m debt tied to Fourways Mall deal as it opens a $5.57 million rights offer amid stalled restructuring talks.
This infrastructure will enhance logistics for Dangote’s fertilizer and oil refinery operations, including planned exports of liquefied natural gas (LNG).
Coty CEO Sue Nabi’s stake rose to nearly $160 million after a nearly 9% stock increase, signaling growing investor confidence in the beauty giant’s direction.
Kenyan CEO Peter Ndegwa received $2.3 million from Safaricom, reflecting growth in share-based awards despite profit declines.
Accelerate Property Fund launches $5.57 million rights offer as it seeks to stabilize finances and renegotiate Fourways Mall deal.
Aiteo signs EPC deal to build 240,000 bpd Mozambique refinery, boosting energy security and cutting fuel imports in Southern Africa.
Egyptian billionaire Samih Sawiris’ Mamula Island hotel begins a Banyan Tree rebrand after a seven-year restoration of the historic fortress.
Geregu Power, led by Femi Otedola, posts steady $57.4 million revenue in H1 2025, showing strength in a tough energy market.
The 19-story tower, completed this month, is the first phase of the sprawling Pearl Business Park, a multi-billion-dollar development that aims to create a mixed-use enclave featuring office spaces, retail outlets, health facilities, and leisure amenities.
Rihanna’s fortune slips from $1.4 billion to $1 billion as Fenty brands face slowing sales, cost pressures, and global beauty market fatigue.
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
The $3.6 million (R$20 million) seed round was led by Village Global, with participation from Prosus Ventures and Worldbuild.
Brait posts 7% revenue growth to $1.1 billion in 2025, reversing losses and strengthening NAV per share following recap, Virgin Active and Premier gains.
Cobus Stofberg’s $114 million stake in Naspers highlights his role in building Africa’s top media and tech companies.
GTCO lists in London under Segun Agbaje, marking a first for West African banks and raising $105 million to meet capital goals.
Helios secures $50 million from IFC and Proparco to scale Africa’s sports and entertainment sector through investments in events, media rights, and infrastructure.
