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The Foschini Group has warned both its earnings per share and headline earnings will fall more than 20% for its 2026 financial year.
Bolloré faces trial over Togo and Guinea port corruption charges, Motsepe's ARC fights a $195 million jurisdictional battle, Elumelu deploys $16 million to 3,200 African entrepreneurs, and a Kenyan fuel tycoon picks up a prime Karen estate at auction.
Macron taps Tony Elumelu to lead France's Africa Impact Coalition, Rostam Aziz's gold project hits 97% recovery in Tanzania, Indian billionaire Ravi Jaipuria enters South African dairy, and Warner Music faces a Nigerian lawsuit over the Burna Boy catalogue.
Varun Beverages is acquiring South Africa's Crickley Dairy for ZAR 238 million ($14.3 million), marking its first move into dairy products.
Three South African founders became instant billionaires after selling BVNK to Mastercard for $1.8 billion, Dangote's refinery powered Nigeria to a $4.23 billion balance of payments surplus, and Zenith Bank hit an all-time high on plans for a London listing.
The Economist says Dangote's empire isn't as innovative as he claims, Rupert is fighting a friend over a R2.3 billion Stellenbosch deal, Transcorp just posted record revenue of $399 million, and Motsepe is being tipped as South Africa's next president.
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
Uganda's richest man Sudhir Ruparelia has denied filling or degrading Lake Victoria, saying work at his resort is NEMA-approved flood protection.
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
The companies behind Nigeria's $1 billion Snake Island port deal carry histories of bribery penalties, money laundering convictions and tax charges.
He built Africa's largest refinery. Now he wants to industrialize the entire continent. In a rare interview from his Lagos office, Aliko Dangote — the only African among the world's 100 richest people — talks oil prices, continental ambition, and why he believes no one else will do what he's doing.
Dangote is supplying 92% of Nigeria's petrol and just signed a $4.2 billion deal to build East Africa's biggest fertilizer plant — plus Mahama circles a Ghanaian gold mine, TMG tops Egypt's developer rankings, and Starlink goes live in the Central African Republic as Iranians beg for access.
Burkina Faso businessman Mahamadou Bonkoungou was a front-row guest at Dassault's Falcon 10X unveiling in Bordeaux this month.
MNT-Halan CEO Mounir Nakhla says the company will target EGP 30 billion in securitization and bond issuances by end of 2026.
Forbes says Africa's 23 billionaires are worth a record $126.7 billion — but the list was frozen on March 1, the day before the war began, and sixteen days later, those fortunes are splitting fast.
Gold past $5,400, platinum surging, ARM's profit swinging from a R409 million loss to R1.9 billion — inside the war windfall quietly compounding Patrice Motsepe's fortune.
