Senegalese comedian Khaby Lame’s leap into billionaire territory sparks global buzz
Following the announcement, Rich Sparkle’s shares exploded, climbing more than 650% within days
Kenya clears Tanzanian billionaire Edha Nahdi’s bid for NSSF stake in East African Portland Cement, but orders 18 months of job protection
Kenya’s competition watchdog cleared Amsons executive Edha Nahdi’s firm to buy NSSF’s Portland Cement stake, with an 18 month job lock.
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Burkinabe tycoon Idrissa Nassa taps former Endeavour Mining chief to run Mansa Resources after Hummingbird takeover
Idrissa Nassa has hired former Endeavour Mining CEO Sebastien de Montessus to lead Mansa Resources and restart mines acquired from Hummingbird.
Coris Bank approves $58 million loan for Orezone Gold's Bomboré mine expansion
Coris Bank has secured a $58 million loan for Orezone Gold's Bomboré gold mine expansion, positioning the bank as a key financier for West Africa's mining sector.
Capitec shuts accounts of Zimbabwean exemption permit holders, raising concerns
Capitec Bank's decision to close the accounts of Zimbabwean Exemption Permit holders has sparked widespread concern, complicating the financial stability of thousands amidst ongoing legal uncertainty.
Philanthropy Spotlight: Billionaire Donations During the Festive Season
This festive season, African billionaires are making significant charitable contributions, supporting causes in education, healthcare, and community development, and uplifting those in need across the continent.
Sasol faces worst annual drop amid scrutiny of emissions strategy
Sasol's stock plummets by 56 percent in 2024 as the company faces mounting pressure over its environmental strategy and heavy reliance on coal.
Optiva Capital targets $500 million investment in Nigeria’s hospitality sector
Optiva Capital Partners plans a $500 million investment in Nigeria’s hospitality sector, aiming to boost infrastructure and healthcare while targeting key cities like Lagos and Abuja.
Capitec Pay caps commission fees at $0.37, driving e-commerce growth
Capitec Bank's decision to cap Capitec Pay commission fees at $0.37 per transaction aims to support businesses and boost South Africa’s expanding e-commerce sector.
BUA Group clarifies refinery progress amid misleading reports
BUA Group dismisses claims of its Akwa Ibom refinery being 90 percent complete, emphasizing steady progress and reaffirming its commitment to energy security.
NCB Financial Group reports exceptional $139-million profit surge
NCB Financial Group's profit after tax skyrocketed by 179 percent, reaching $139 million, propelled by strategic shifts and the adoption of IFRS 17.
InfraCredit backs Nigeria’s green sukuk solar project with $12.5 million UK support
Shari’ah-compliant green finance initiative to power rural Nigeria with solar energy.
Meet the founders of Juicyway: transforming fintech and cross-border payments in Africa
Justin Ziegler and Ife Johnson are leading the charge in simplifying cross-border payments through innovation and financial inclusion.
Co-op Bank reports $100.1-million profit, joins MSCI Frontier Markets Index
Kenya’s Co-operative Bank achieves remarkable growth, boosts global visibility, and plans local expansion.