South African tycoon Stephen Saad’s Aspen Pharmacare swings to $61.4 million loss in 2025
Aspen Pharmacare reports $61.34 million loss as revenue falls 3 percent, driven by restructuring and manufacturing challenges.
CIC Group, partly owned by Kenyan tycoon Gideon Muriuki, posts half-year profit under $5 million
CIC Group reports mixed H1 2025 results as profits fall below $5 million, with strong gains from investments and microinsurance growth.
Anglo, led by South Africa’s Duncan Wanblad, to exit platinum business in $2.7 billion deal
The move marks the final chapter in Anglo’s century-long history in the precious metal.
Fidelis Ayebae's Fidson partners with Japanese firm to expand Nigeria drug production
Fidson Healthcare expands partnership with Japan’s Ohara to boost local drug production, cut reliance on imports, and improve access to affordable medicines.
Aliko Dangote refinery halts gasoline unit for two weeks
Dangote’s $20 billion Nigerian refinery has shut its gasoline unit for two weeks after technical faults, disrupting output and tightening markets.
Ugandan tycoon Emmanuel Katongole’s QCIL secures $2 million facility
The financing will help QCIL strengthen supply chains and widen the reach of its medicines.
South Africa’s Saltzman-backed Dis-Chem opens 300th store in Mbombela
Dis-Chem, backed by South Africa’s Saltzman family, has opened its 300th store in Mbombela, expanding access to affordable primary healthcare.
Zimbabwean executive Never Mhlanga arrested in $5 million Montclair Hotel fraud case
Zimbabwean executive Never Mhlanga arrested over $5 million Montclair Hotel and Casino sale fraud allegations in Harare.
Anglo, led by South Africa’s Duncan Wanblad, hits Brazil probe over $500 million nickel sale
Brazil reviews Anglo American’s $500 million nickel deal with MMG, raising scrutiny on Duncan Wanblad’s strategy and China’s role in minerals.
South African pharma tycoon Gus Attridge loses $15.8 million on Aspen stake
Aspen co-founder Gus Attridge loses $15.8 million in three weeks as drug stocks fall, cutting Aspen’s value below $2.6 billion.
Paratus, led by Schalk Erasmus, rolls out Namibia’s first private mobile network
Paratus, led by Schalk Erasmus, invests $34M to launch Namibia’s first private LTE and 5G network, connecting 50 towns and 80 communities.
Cardi B cleared in $24 million civil assault case
Cardi B was cleared in a $24 million assault suit after a jury found no evidence she attacked a former security guard outside a Beverly Hills clinic.
Nigerian entrepreneur Seyi Ebenezer’s Payaza secures SEC approval for $13 million commercial paper
Payaza Africa secures SEC approval for $13 million commercial paper, attracting strong investor interest to fund Pan-African expansion and tech upgrades.
The quiet power of Christian Kerangall, Gabon’s richest man
Christian Kerangall, Gabon’s richest man, turned quiet dealmaking into an empire spanning banks, retail, and utilities—shaping the nation’s economy for generations.
Shoprite, backed by Christo Wiese, flags Mozambique review amid record sales
Shoprite, backed by billionaire Christo Wiese, is weighing Mozambique operations as it posts record sales and profit in South Africa.
Prosus, South African billionaire Koos Bekker, backs $12.5 million round for Arabic speech startup
Prosus, chaired by Koos Bekker, led a $12.5 million Series A in Intella, backing Arabic-first AI tools for enterprises across MENA.