South African tycoon Saki Macozoma to step down as Vodacom chair in 2027
Vodacom named Khumo Shuenyane to succeed Saki Macozoma as chairman in 2027 and appointed former Airtel Africa CEO Segun Ogunsanya to its board.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
Egyptian billionaire Hisham Talaat Moustafa ranks 30th on Forbes Middle East's CEO list
Hisham Talaat Moustafa is the highest-placed Egyptian on Forbes Middle East's Top 100 CEOs list, after TMG booked $8 billion in sales.
Haitian-born billionaire Herriot Tabuteau sells $10.5 million in Axsome shares before earnings
Herriot Tabuteau sold $10.5 million in Axsome shares on expiring options, days before earnings, and still holds a stake worth $1.6 billion.
Tanzanian billionaire Mo Dewji pledges $11.3 million to build stadium for Simba SC
Mo Dewji pledged $11.3 million for a Simba stadium, six training pitches and a residential camp, pending a decision by the club's trustees.
Ugandan tycoon Mukesh Shukla's Kampala towers cleared for sale over debt
A Ugandan court has cleared the sale of two Kampala condominium units owned by Mukesh Shukla's Springs International Hotel over a Shs173 million debt.
Pick n Pay CEO Sean Summers leans on Boxer as core supermarkets stay flat
Pick n Pay's group turnover grew 2.7%, carried by Boxer, as CEO Sean Summers' turnaround left the core supermarkets flat and a labor dispute unresolved.
Nigerian billionaire Aliko Dangote could list his refinery in South Africa after Nigeria IPO
The Johannesburg Stock Exchange says it has engaged Dangote Group and hopes to bring the refinery listing to South Africa after its Nigerian IPO.
Moroccan tycoon Chakib Alj has taken control of Forafric Maroc's flour and pasta brands
Chakib Alj's Cap Holding has completed its takeover of Forafric Maroc, adding the Tria and Maymouna brands to Morocco's largest milling group.
Zimbabwe's wealthy Levy family is fighting in court over Harare's best-known shopping village
The wealthy Zimbabwean family behind Harare's best-known shopping village is fighting in court over unpaid dividends and a $15 million debt.
Jens Montanana's Datatec makes fourth acquisition of the year with New Mexico deal
Datatec's Logicalis USA has acquired Loial, a New Mexico cybersecurity provider, in the group's fourth acquisition since January. No price was disclosed.
Moroccan King Mohammed VI names $1 billion Western Sahara highway after Donald Trump
King Mohammed VI has confirmed Morocco's 1,055km Tiznit-Dakhla expressway, built at close to $1 billion, will be called the Donald J. Trump Highway.
Zimbabwe's Zed Koudounaris and Michael Fowler turned a Harare chicken shop into a $1.3 billion empire
Zed Koudounaris and Michael Fowler built a Harare chicken shop into four separately listed companies with a combined market value above $1.3 billion.
Tycoon John Moxon's Meikles exits Zimbabwe's hotel industry after a public family succession fight
Meikles has agreed to sell its half of the Victoria Falls Hotel partnership to African Sun, eight months after deciding to retain the asset.
South Africa's richest woman and her daughters have given $6 million to political parties
Mary Oppenheimer Slack and her three daughters have disclosed more than R100 million in donations to South African political parties since disclosure became law.
Nigerian billionaire Muhammadu Indimi joins court fight against his twin daughters over $43.5 million
Muhammadu Indimi has applied to be joined personally in the appeal against a $43.51 million judgment his twin daughters won from Oriental Energy.
Egyptian billionaire Hisham Talaat Moustafa wins final approval for $27 billion Cairo city
Egypt's cabinet has approved the country's first private investment zone with its own customs system for Hisham Talaat Moustafa's LE1.4 trillion Spine project.