Moroccan businesswoman Lamia Tazi leads Sothema’s purchase of Soludia Maghreb
Lamia Tazi’s Sothema will buy 99.99% of the dialysis solutions provider to boost local production.
Net asset value of South African billionaire Johann Rupert’s Reinet falls
The decline comes despite strong March gains, as Reinet shifts focus from tobacco to long-term alternative asset strategies.
Nigerian businessman Adedeji Adeleke confirms completion of $2 billion power plant
Adedeji Adeleke’s $2 billion gas plant is ready in Ondo, awaiting grid link to begin powering over 2,000 jobs in Nigeria.
Burkina Faso's richest man Mahamadou Bonkoungou donates $2.8 million to displaced families
Dédougou, in Burkina Faso’s Boucle du Mouhoun region, has suffered mounting insecurity in recent months from Islamist armed groups and terrorists. Attacks have left hundreds of local dwellers displaced.
Nigerian fertilizer tycoon Thomas Etuh's bank accounts frozen over $16.1 million debt
Thomas Etuh's TAK Group is one of the largest blenders of fertlizer in nigeria and also helps farmers and agribusinesses move fertilizer, grain and other farm produce across the country—all the way from assembly points and silos to blending plants, processing centers and final markets.
South African banker Gerrie Fourie steps aside as new CEO takes helm at Capitec
Graham Lee takes over as Capitec CEO as Gerrie Fourie steps aside, remaining an adviser to support the bank’s global and digital growth plans.
South African mining mogul Neal Froneman guides Sibanye’s $82 million bid for U.S. metals recycler
Sibanye-Stillwater, led by Neal Froneman, acquires U.S.-based Metallix for $82 million, boosting its circular economy strategy and U.S. metals footprint.
South African executive Duncan Wanblad-led Anglo faces Botswana backlash over De Beers sale
The southern African nation, which owns 15 percent of De Beers, believes it was not adequately consulted on the divestment.
Africa’s richest man Aliko Dangote plans refinery expansion to 700,000 barrels a day
Dangote's refinery nears 700,000-barrel daily capacity with U.S. crude imports and RFCC unit upgrade at 85 percent efficiency.
Kenyan businessman Peter Munga faces eviction from 75-acre property
Court orders Peter Munga to vacate 75-acre school land after Del Monte wins a long-standing lease dispute.
UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake drops $30 million
Italtile founder Giovanni Ravazzotti sees $30 million stake value drop as shares tumble nearly 7% in nine days.
Egypt’s Khamis family gains nearly $17 million from Oriental Weavers stake
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
Econet, led by Zimbabwe’s richest man, to pay $16 million to investors
Econet Wireless Zimbabwe, led by billionaire Strive Masiyiwa, announces $16.3 million dividend amid strong data and FinTech performance.
Egyptian tycoon Ahmed El-Sewedy-led electric company wins contract for mega rail project
Elsewedy will handle the full HVAC delivery scope—supply, copper piping installation, start-up, commissioning, and after-sales service—ensuring seamless execution.
Tanzania’s first dollar billionaire, Rostam Aziz, proposes $100 million youth talent fund
Rostam Aziz calls for $100 million youth talent fund and education reforms as he expands Taifa Gas with a $1.9 billion facility in Kenya.