South African tycoon Barry Swartzberg's Discovery stake falls by $13.7 million
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
Serena Williams backs infant formula startup Nara Organics in $32 million round
Serena Williams has invested in Nara Organics, a new infant formula startup that offers a USDA-certified, FDA-registered organic whole milk formula designed to meet both U.S. and European standards.
First HoldCo’s half-year earnings top $1 billion under Nigerian billionaire Femi Otedola
First HoldCo’s gross earnings jump to $1.07 billion in H1 2025, while Otedola-led reforms drive asset growth and investor confidence.
Kenyan court dismisses suit against Tanzanian billionaire Rostam Aziz’s $130 million gas plant
Kenyan court clears Tanzanian billionaire Rostam Aziz’s $130.5 million LPG terminal project, opening the way for expanded energy access in East Africa.
Glencore, led by South African executive Gary Nagle, to cut global operating costs by $1 billion
Glencore targets $1 billion in savings, plans coal spinoff and copper mine closure amid weak refining margins.
9 companies owned by Nigerian billionaire and Bet9ja founder, Kunle Soname
Outside of sports betting, Kunle Soname, a Nigerian gaming tycoon and chairman of Bet9ja, has built an empire that spans aviation, ceramics, hospitality, sports and hospitality.
Nigerian oil tycoon Mohammed Indimi makes $8.3 million from Jaiz Bank shares
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
South African executive Gerrie Fourie bags $8.2 million farewell payout from Capitec
Capitec’s longtime CEO Gerrie Fourie exits with $8.2 million payout after growing the bank into a $22.42 billion retail leader.
Prosus, led by South African billionaire Koos Bekker, extends $4.73 billion Just Eat offer to October
Prosus extends $4.73 billion Just Eat Takeaway offer to October 2025, aligning with EU review, eyes $12.5 billion revenue by 2028.
Malawian businessman Thom Mpinganjira’s stake in FDH Bank tops $840 million
FDH Bank stock climbs 255% YTD, boosting Mpinganjira’s stake to $842 million and lifting the bank's market cap past $2 billion.
Nigerian businessman Tony Elumelu’s Transcorp reports $183 million in half-year revenue
Transcorp posts $183 million H1 2025 revenue, with assets rising to $592 million across power, hospitality, and energy sectors.
Accelerate, partly owned by Michael Georgiou, secures $5.57 million capital
Accelerate, part-owned by Michael Georgiou, secures $5.57 million to upgrade Fourways Mall and ease debt burden amid unresolved affiliate claims.
Indian billionaire Sunil Bharti Mittal’s Airtel Africa posts $1.42 billion in first-quarter revenue
Airtel Africa, led by Indian billionaire Sunil Mittal, posted $1.42 billion in Q1 revenue, driven by mobile money, data growth, and user expansion.
Adrian Gore's Discovery Green faces legal challenge from Eskom over trading license
Eskom sues to block trading licenses issued to Discovery Green and others, warning of grid risks and unfair energy market competition.
One Earth, One Game, One Mind: The Cosmic Philosophy of Kirsan Ilyumzhinov
From Buddhist steppes to African villages, Ilyumzhinov shares why saving Earth means saving the cosmos.
Christo Wiese-backed Pepkor draws $470 million investment from US-based hedge fund
Silverpoint Capital’s $470 million stake in Christo Wiese-backed Pepkor signals global investor confidence, following PIC’s deeper $874 million commitment.