Africa’s richest man Aliko Dangote shares how he overcame challenges to build Dangote Oil Refinery
Dangote’s refinery project represents a monumental effort to industrialize Africa and underscores his belief in the continent’s potential to drive its own development.
South African top-performing executive Paul Hanratty extends term as Sanlam CEO until 2027
Hanratty extends his term as Sanlam CEO until 2027, continuing to drive the company’s global expansion and strategic growth with significant contributions to financial performance.
Ghanaian tycoon Joseph Agyepong’s Jospong Group seeks support for African businesses from South Korea
Dr. Joseph Siaw Agyepong, Executive Chairman of the Jospong Group of Companies, emphasizes the potential benefits of Ghana and Africa’s partnership with South Korea in business and development.
Egypt’s El-Sewedy family gains $88.91 million as consolidated profit in Q1 2024
Since its founding, the company has grown into a regional and international provider of energy, digital, and infrastructure solutions.
Naguib Sawiris-led Orascom Financial Holding swings to consolidated loss in Q1 2024
Orascom Financial Holding has reported a consolidated net loss of EGP 22.81 million ($479,062.20) for Q1 2024.
Burkinabe tycoon Mahamadou Bonkoungou expands commercial airline fleet to four aircrafts
This new acquisition represents a major milestone for the company. From the outset of its operations one year ago, LIZ Aviation had announced its expansion fleet to four aircraft.
Zimbabwean social entrepreneur Tsitsi Masiyiwa recognized by Bryant University
Masiyiwa received an honorary doctorate from Bryant University, the same institution where her daughter Vimbai graduated in 2017.
Pan-African billionaire Benedict Peters’ Bravura to begin Zimbabwe lithium production in 2025
Bravura, owned by pan-African billionaire Benedict Peters, has announced plans to start production at a Zimbabwean lithium project early next year.
Nigerian billionaire Femi Otedola clashes with Zenith Bank over ‘fraudulent transactions’
The confrontation between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated further.
Fidson healthcare to raise $12.9 million as Nigerian tycoon Fidelis Ayebae seeks shareholder approval
Fidson Healthcare Plc, a leading Nigerian pharmaceutical manufacturing company led by Fidelis Ayebae, will seek shareholders’ approval to raise additional capital of up to N20 billion at its forthcoming 25th Annual General Meeting.
Kenyan businessman Julius Mwale inks deal with Zambia
Mwale, the visionary founder of Mwale Medical and Technology City (MMTC), has inked a deal for smart cities, mining, infrastructure and agriculture.
Vodacom, led by South African exec Shameel Joosub, deploys world first mobile radio equipment in Egypt
Vodacom Group led by leading South African executive Shameel Joosub has announced the successful deployment of a world-first triple-band mobile radio unit.
South African billionaire Saltzman family Dis-Chem expands into insurance market with OneSpark acquisition
The Saltzman family, renowned South African billionaires and founders of Dis-Chem Pharmacies, has enhanced its integrated healthcare program through a binding Share Subscription Agreement (SSA) with OneSpark Proprietary Limited and OneSpark Holdings Inc., a Delaware-incorporated corporation.
Egyptian tycoon Safwan Thabet’s profit moves to $10.12 million in Q1 2024
Juhayna Food Industries, a household name in Egyptian dairy, juice, and cooking products, has recently surpassed investor expectations with an extraordinary surge in profits.
Morocco’s Royal family backs startup in $7-million pre-Series-A round
YoLa Fresh, a Moroccan agritech startup owned by Youssef Mamou and Larbi Alaoui Belrhiti, secured a $7-million pre-Series-A funding round.