Angolan oil tycoon Joaquim David’s Etu Energias kicks off drilling drive on flagship Congo Basin block
Etu Energias plans to drill at least three development wells, probe one exploration location and carry out five work overs in existing wells.
Egyptian billionaire brothers, Ahmed and Sadek, gain $80 million from Elsewedy Electric stake
El-Sewedy brothers’ stake in Elsewedy Electric jumps over $80 million in under three weeks as investors rally behind Egypt’s industrial growth.
Nigerian tech billionaire Gbenga Agboola's Flutterwave secures payment license in Senegal
With this license, Flutterwave is positioned to help businesses in Senegal scale by offering its full range of seamless digital payment services.
Meet Nigerian mining billionaire and polo buff, Murtala Laushi
Murtala Laushi has quietly turned Malcomines into one of Nigeria’s largest mining empires, extracting everything from iron ore to rare earths while creating thousands of jobs.
Johann Rupert’s Remgro, Vodacom get nod for $741.7 million Maziv fiber deal
South Africa’s regulator drops opposition to Vodacom’s $741.7 million deal for Maziv, moving Johann Rupert’s Remgro closer to sealing the landmark fiber acquisition.
Motswana private equity tycoon Bame Pule acquires stake in Medlane Holdings
Bame Pule is the founder of Africa Lighthouse Capital (ALC) which has a diverse investment portfolio in sectors such as insurance brokerage, pension fund administration, funeral insurance, healthcare, and consumer credit.
Ivorian tycoon Koné Dossongui plans $18 million cocoa plant expansion in Cameroon
Dossongui’s Atlantic Cocoa to raise Kribi plant output to 64,000 tons as part of $18M upgrade backed by Swiss machinery firm Bühler.
Tanzanian billionaire Said Bakhresa opens $100 million soya plant in Malawi
$100 million plant to process 500 tons of soya daily, boost Malawi’s agriculture, and reduce reliance on imported cooking oil.
Aliko Dangote's $20 billion refinery to process all Nigerian crude by year-end
Africa’s largest refinery eyes 100% local sourcing, boosts fuel self-sufficiency and cuts costly imports.
South African businessman Barry Swartzberg’s Discovery stake rises by $12 million
Barry Swartzberg's Discovery stake gains $12.4 million in 15 days as shares rally 4% on the JSE.
Senegal cancels Akon’s multibillion-dollar city, reclaims land for new $1.2 billion resort plan
Senegal cancels Akon City over delays and unveils a $1.2 billion resort plan in Mbodiène to attract investors and create 15,000 jobs.
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
Ghanaian businessman Kevin Okyere’s Springfield denies fraud allegations in $100 million dispute
Kevin Okyere’s Springfield rejects fraud claims, citing due diligence and unresolved funding terms with Petraco.
Nigerian oil billionaire Muhammadu Indimi to earn $600,000 Jaiz Bank dividend
Indimi, who holds nearly 13.1 billion shares—equal to a 29.36 percent stake, is the largest shareholder in Jaiz Bank, the first Islamic bank in Nigeria.
South African executive Gary Nagle leads Glencore’s copper deal with Philippines’ Villar family
The move comes as global copper smelting faces unprecedented pressure from record-low processing fees and overcapacity.
South African property tycoon Barry Stuhler’s Lighthouse acquires $159 million mall in Spain
Lighthouse Properties acquires Espacio Mediterráneo mall in Spain for $159.2 million, expanding its Iberian footprint and strengthening its retail strategy.