Madagascar tycoon Hassanein Hiridjee backs USDh stablecoin through AXIAN Investment
AXIAN Group CEO Hassanein Hiridjee has backed Hamilton Labs' USDh stablecoin, betting digital dollars can solve Africa's savings and payments problems.
Dan Gertler's royalty claims are holding up a $9 billion Western bid for Glencore's copper and cobalt mines in Congo
Royalty claims tied to sanctioned billionaire Dan Gertler are stalling a $9 billion Western bid for Glencore's Congo copper and cobalt mines.
Tony Elumelu urges Africa's wealthy to share prosperity
Tony Elumelu called on wealthy Africans to share their resources and empower the poor as his foundation unveiled its 2026 grant beneficiaries.
Tony Elumelu Foundation is deploying $16 million to 3,200 African entrepreneurs in its 2026 cohort
Tony Elumelu Foundation is giving $5,000 each to 3,200 African entrepreneurs in 2026, deploying $16 million in total seed capital across Africa.
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz, confirms up to 97% gold recovery at its Imwelo project in Tanzania
Lake Victoria Gold, backed by Tanzanian billionaire Rostam Aziz's Taifa Mining, confirms up to 97% gold recovery at its Imwelo project in Tanzania.
Tony Elumelu's Transcorp hits record $399 million revenue, profit up 44-percent
Tony Elumelu's Transcorp Group has delivered the most commanding financial performance in its history, posting $399 million in revenue for full year 2025 and a 44% surge in profit after tax, as the conglomerate signals aggressive expansion across power and hospitality heading into 2026
10 companies owned by South African multimillionaire Robert Gumede
Robert Gumede built one of Africa's biggest black-owned IT company from scratch. Here is every business the South African tycoon owns in 2026.
Dangote Cement sells 10% of Senegal unit to government
Dangote Cement has sold 10% of its Senegal subsidiary to the government in Dakar as revenues at the plant fell 21% in 2025.
Meet the woman who bet $80 million to become Cameroon's Coca-Cola queen
Jacqueline Dongmo quietly built a logistics empire for decades. Then she made one of the boldest bets in African consumer goods history.
Chandaria family office opens Kenyan empire to Investors
Darshan Chandaria wants outside money in the family business. The CEO of one of Kenya's oldest conglomerates is building a formal family office to make it happen.
United Capital, led by Peter Ashade, grows revenue 35% to $43.1 million
Under Peter Ashade, United Capital grew revenue 35% to $43.1 million in 2025. Net trading income surged 176%, and shareholders received $13.2 million in dividends.
Tycoon Patrick Bitature returns as Umeme chairman as Ugandan power distributor posts $40.7 million profit
Umeme posted a Sh148.2 billion profit in 2022 and reappointed Dr. Patrick Bitature as board chairman for a third consecutive term.
Oriental Weavers gets independent carbon footprint certification, cuts emissions with solar push
Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Patrice Motsepe emerges in leadership speculation as South Africa debates its future
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
MTN Nigeria pays $429.7 million in 2025 taxes as new fiscal regime lifts corporate levies
MTN Nigeria posts a $429.7 million tax bill in 2025 under Nigeria’s new tax regime, even as profit before tax surged past $1 billion for the first time
Africa's richest man set to pocket $485 Million dividend from cement giant
Aliko Dangote is poised to collect about $485 million in dividends after Dangote Cement proposed a N45 per share payout for 2025.