South African billionaire Patrice Motsepe loses $100 million as ARM plans to cut jobs
Patrice Motsepe’s wealth drops by $100 million as African Rainbow Minerals cuts jobs, faces legal heat, and battles falling mining profits.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
Ugandan tycoon Charles Mbire-led MTN Uganda unveils fintech spin-off
MTN Uganda will spin off its mobile money unit into a standalone fintech firm, aiming for IPO and long-term growth in East Africa's digital economy.
Eswatini’s richest man Natie Kirsh’s net worth drops to $10 billion
Natie Kirsh’s net worth drops to $10 billion after asset revaluation, but his global investments and dealmaking remain strong.
Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
South Africa to sell homes of Indian-born Gupta brothers amid corruption fallout
Gupta mansions tied to state capture go to auction in Saxonwold, marking a symbolic step in South Africa’s anti-corruption journey.
South African-born billionaire Patrick Soon-Shiong wants the public to own Los Angeles Times
Patrick Soon-Shiong aims to open L.A. Times ownership to the public while boosting media trust and civic participation.
Kenyan oil tycoon Abdinasir Ali Hassan eyes Mozambique gas, energy deals
Abdinasir Ali Hassan's Hass Petroleum, which distributes petroleum products in more than 11 countries across East Africa, is looking to venture into upstream operations.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
Nigerian businessman Oba Otudeko cleared in $8 million fraud case
Nigeria’s EFCC drops $8M fraud case against Oba Otudeko after court-approved settlement; Honeywell Group reaffirms his integrity and leadership.
French billionaire’s firm wins final approval in DStv owner MultiChoice takeover
Canal+, owned by French billionaire Vincent Bollore, has won final approval to fully acquire MultiChoice in a $2.9 billion media takeover.
Hassan Allam's construction group seals deal to power Egypt’s green farming future
Hassan Allam and Schneider Electric launch solar-powered smart farming project to boost food security and green energy in Egypt’s Nile Delta region.
Meet Catherine MacGregor: Moroccan-born businesswoman leading a $55 billion energy giant
Moroccan-born Catherine MacGregor steers Engie’s global renewables pivot, championing sustainability, innovation, and gender equity in energy.
Nigerian oil mogul Wale Tinubu leads Oando push to raise $327 million
Oando seeks $327 million via equity and debt as Wale Tinubu steers a capital restructuring to fund growth and ease liabilities.
Logistics tycoon Taiwo Afolabi launches direct UK export service to help Nigerian small businesses
SIFAX, led by Taiwo Afolabi, unveils a direct Nigeria–UK export service to cut shipping costs and delays for Nigerian SMEs.
Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.