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Moroccan billionaire Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, a Swedish licensed credit institution that buys and manages non-performing loan portfolios across Europe.
Company records show Joshua Kulei is a beneficial owner of Liaison Capital, the firm behind Kenya's Sh42 billion Talanta Sports City and Sh415 billion military housing programme.
Aliko Dangote's $20 billion refinery nears full capacity as fuel exports begin; Peter Munga increases his financial services stake as banking competition intensifies; Strive Masiyiwa backs new African AI and digital infrastructure fund.
Egypt's Elsewedy Electric, controlled by the billionaire El-Sewedy family, has acquired a 60% stake in Dutch gas turbine specialist Thomassen Service to expand across the Middle East and Africa.
Aliko Dangote says his refinery will end Africa's dependence on imported fuel; James Mwangi accelerates Equity Group's regional expansion with new banking licenses; Patrice Motsepe pushes deeper into renewable energy.
Seven African industrial principals — Dangote, Motsepe, Masiyiwa, Rabiu, Kagame, Tinubu, Nahdi — have converged on one coordinated policy framework over six days. What foreign investors should read into it.
James Mwangi just announced Equity Group's expansion into Angola, Zambia and Mozambique along the Lobito Corridor — the most ambitious single banking expansion announcement of 2026.
A Kenyan court has rejected a bid to remove key evidence in a criminal defamation case brought by Mombasa port billionaire Abubakar Joho over drug trafficking claims.
Egyptian real estate billionaire Hisham Talaat Moustafa has partnered with Saudi Arabia's Sela to create an integrated entertainment and live events ecosystem across Egypt.
South African investment veteran Nkululeko Sowazi has been appointed to Investec's board and will become chair of Investec Bank Limited from August 6, 2026.
Oriental Weavers posted Q1 2026 revenue of EGP 6.9 billion ($130.3 million) and net profit of EGP 614 million ($11.6 million) as the world's largest machine-woven carpet maker finds its footing.
The Republic of Congo raised $850 million in a 10-year international bond at 9.5% coupon, with demand exceeding $1.6 billion from nearly 80 international investors.
Aliko Dangote says Africa's industrial future depends on fixing electricity first; Patrice Motsepe calls for more local mineral processing; Strive Masiyiwa says Africa must build global companies from home.
James Mwangi eyes Equity Group bank acquisitions along the Lobito Corridor; Japan's Asahi clears regulators for the $2.3 billion EABL takeover with mandatory minority offer exemption; Wale Tinubu and Edha Nahdi call for Africa to fund its own future.
Nigerian tycoon Arthur Eze's Atlas Oranto has lost oil blocks in 4 African countries as governments crack down on dormant licenses.
FDH Bank founder Thom Mpinganjira was convicted and jailed for attempting to bribe judges in Malawi's disputed 2019 election, then pardoned by President Chakwera four years later.
