Mukuha family's Naivas becomes Kenya’s first retailer to reach 110 stores
Naivas, Kenya’s top homegrown retailer, has opened its 110th store in Kiambu, marking 35 years of steady growth and reaffirming its market leadership.
Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
Raxio, led by Danish executive Robert Skjødt, unveils Angola’s largest data center
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.
South African billionaire Michiel Le Roux set for $20 million Capitec dividend
South African billionaire Michiel Le Roux set for $20.08 million payout as Capitec lifts dividend on strong earnings.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Serena Williams takes new role mentoring early-stage VC founders
Serena Williams takes a new role mentoring early-stage founders, supporting women and diverse entrepreneurs through social impact investing.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
Kevin Hart leads $35 million funding for AI weight-loss app
Kevin Hart’s Hartbeat Ventures leads $35 million funding for Simple, an AI health app with 700,000 subscribers.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.
South Africa’s richest Johann Rupert gains $1.2 billion in September
Johann Rupert’s wealth jumped $1.2 billion in September, lifting his net worth to $17.3 billion on Richemont gains.
Eswatini’s richest man Natie Kirsh loses $730 million in four months
Eswatini’s richest man Natie Kirsh loses $730 million in four months as asset values fall, but remains among Africa’s richest billionaires.
South African billionaire Patrice Motsepe’s net worth rebounds to $3.4 billion
South African billionaire Patrice Motsepe’s net worth rises to $3.4 billion after gains in Harmony Gold offset earlier losses.
South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion
South African tech billionaire Zak Calisto’s Karooooo holding tops $1 billion after a stock surge and robust earnings.
Canal+, backed by French billionaire, revamps leadership, eyes Canal+ Africa launch
French media giant Canal+ finalizes $2.02 billion MultiChoice takeover, forming Canal+ Africa with 40 million subscribers across nearly 70 countries.
Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue
IBL Group, led by Arnaud Lagesse, reports $109.1 million profit, down 11%, as revenue climbs to $2.65 billion.