Investec, led by South African executive Fani Titi, secures energy trading license
Investec gains energy trading license, boosting access to renewable power and deepening its role in South Africa’s evolving energy sector.
Nigerian billionaire Sayyu Dantata emerges as biggest winner from Dangote Refinery’s fuel boom
Sayyu Dantata, half-brother to billionaire Aliko Dangote, has emerged as Nigeria’s most powerful fuel distributor after NNPC, leveraging his MRS network to benefit from Dangote Refinery’s rise.
Tanzanian billionaire Mo Dewji’s foundation to train future leaders in food and nutrition
Mo Dewji Foundation teams with Kerry and universities to train young Africans as future leaders in food and nutrition.
Samuel Dossou-Aworet-backed Tullow sells Kenya assets to Gulf Energy
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.
Bolt in talks to buy Moroccan ride-hailing firm from tech founders Belkhayat and Ziyat
Bolt is negotiating to acquire Moroccan ride-hailing startup VotreChauffeur.ma, signaling an aggressive North Africa expansion push.
10 businesses the late Nigerian businessman Oskar Ibru owned
His passing, nine years after his father’s, marks the close of another chapter in one of the country’s most notable business families.
Choppies CEO boosts stake with $1 million share purchase, signaling confidence in recovery
Choppies CEO Ramachandran Ottapathu buys 19.5 million shares worth about US$1 million, signaling confidence as the Botswana retailer works to cement its turnaround.
African Bank, led by Kennedy Bungane, secures $40.4 million to back SMEs
African Bank, led by Kennedy Bungane, secures $40.4 million to support SMEs through its first social bond and sustainable finance framework.
South Africa’s Cobus Stofberg adds $7.97 million from Naspers stock surge
South African businessman Cobus Stofberg gains $7.97 million from Naspers surge, lifting his stake to nearly $130 million.
Tanzanian billionaire Rostam Aziz contests halt of $130 million Mombasa gas plant
Rostam Aziz fights suspension of $130 million gas plant in Mombasa as Taifa Gas pushes East Africa expansion.
Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.
Directline CEO petitions court to arrest Kenyan media mogul SK Macharia
Directline CEO Sammy Kanyi asks court to arrest tycoon SK Macharia over alleged boardroom takeover.
South African tycoon Christopher Seabrooke’s Sabvest stake rebounds to nearly $100 million
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Nigerian billionaire Arthur Eze secures four oil blocks in Liberia
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.
Nigerian industrialist Oskar Ibru, chairman of Ibru Organization, dies at 67
Nigerian industrialist Oskar Ibru, chairman of the Ibru Organization and eldest son of Michael Ibru, has died at 67 after a brief illness.