Christo Wiese-linked Pepkor completes $98.2 million purchase of Retailability brands
Pepkor, linked to Christo Wiese, completes $98.2 million acquisition of Retailability brands, expanding across Southern Africa.
8 businesses owned by South African multimillionaire Iqbal Survé
South African entrepreneur Dr Iqbal Survé turned a tiny seed-capital investment into a sprawling holding company that spans media, technology, fishing, healthcare and events
Zimbabwean legendary banker Nicholas Vingirai warns nation’s financial sector faces collapse
Veteran banker Nicholas Vingirai says Zimbabwe’s financial sector has been “destroyed” by policy inconsistency and shrinking credit capacity, warning that local banks no longer fund productive business.
Kenyan businessman Peter Munga locked in $5 million share feud with wife
Kenya’s Peter Munga is in a $5 million legal fight with his wife over Britam shares tied to a bank loan dispute.
Egyptian billionaire Naguib Sawiris' net worth drops below $10 billion amid gold decline
Naguib Sawiris’ net worth dips below $10 billion as falling gold prices cut $170 million from his fortune.
Egyptian billionaire Mohamed Mansour breaks ground on $150 million Cairo vehicle plant
Mohamed Mansour starts work on a $150 million eco-friendly vehicle factory in Cairo to boost Egypt’s car manufacturing capacity and create thousands of jobs.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI seals $38 billion cloud deal
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, signs $38 billion AWS deal to boost ChatGPT’s global AI expansion and computing power.
Nigerian lawyer Gbenga Oyebode gains $17 million from Okomu Oil
Gbenga Oyebode, chairman of Okomu Oil, gained over $17 million this year as the company’s shares jumped 136% on the Nigerian Exchange (NGX).
8 Nigerian multimillionaires who made a fortune in mining
After years of chaos and foreign plunder, Nigeria’s mines are stirring. Legit operators are turning gold, lithium and iron into fortunes as a long-overdue cleanup begins.
Nigerian oil mogul Wale Tinubu’s Oando turns to mining with lithium exploration in Kebbi
Wale Tinubu’s Oando Plc is expanding beyond oil, launching Oando Mining to explore lithium in Kebbi and other key minerals for Nigeria’s clean energy future.
Multimillionaire Habib Kagimu backs farms and tourism, not oil, to power Uganda’s economy
Ugandan businessman and honorary consul Habib Kagimu argues the country’s most reliable growth lies in agriculture, tourism and tech—while oil remains optional upside.
Safaricom, led by Peter Ndegwa, unveils $232 million plan to overhaul Kenya’s education
Safaricom rolls out a $232 million plan to modernize education across Kenya with digital tools and training.
Aliko Dangote’s Dangote Cement, Karl Toriola-led MTN Nigeria eye N1 trillion profit
Dangote Cement and MTN Nigeria are in a tight race to become the first Nigerian company to hit a record N1 trillion profit in 2025.
Zimbabwean businessman Lovemore Kurotwi loses $3.6 million court battle
Zimbabwean businessman Lovemore Kurotwi loses Supreme Court appeal over $3.6 million Canadile Miners funds.
Egyptian billionaire Hisham Talaat Moustafa launches new Four Seasons hotel in Giza
TMG starts work on a new Four Seasons in Giza, adding another luxury asset near the Grand Egyptian Museum as Egypt targets higher-value visitors.
MTN Nigeria posts $518 million profit under Karl Toriola in 9M 2025
The return to profit reflects improved market conditions in Nigeria, where the naira has strengthened, inflation pressures have eased and foreign exchange liquidity has improved.