South African billionaire Michiel le Roux's family doubles its Stormers rugby stake to 71.5%
Fynbos Group bought out Ardagh Glass Packaging Africa's shares in Red Disa Investments, taking the Le Roux family to 71.5% of Stormers Rugby.
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 tycoon Medhat Mohamed Khalil abandons sale of Raya Foods to Helios
Medhat Khalil's Raya Holding cancelled the sale of Raya Foods to Helios after conditions went unmet, eight months after board approval.
Jeff Bezos is hiring Amazon's satellite engineers into Blue Origin
Jeff Bezos chairs Amazon and owns Blue Origin outright. His private space company has hired at least 47 engineers away from Amazon's satellite unit to build a satellite network that competes with it.
The man who sold Wiz to Google for $32 billion is now backing a scam-fighting startup
Assaf Rappaport, who sold Wiz to Alphabet for $32 billion in March, has invested in Guardio in a round valuing the Israeli startup at $1.1 billion.
Indian billionaire family-linked Savannah Energy strikes gas at a second Nigerian well
Savannah Energy struck gas at a second Nigerian well, but its shares stay suspended over late accounts and net debt sits at $672 million.
Billionaire Johann Rupert's Cartier opens first New Zealand boutique
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for the house that has driven most of billionaire Johann Rupert's recent gains and Richemont's third brand on the same street.
MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
New Apple CEO John Ternus could earn $58 million
Billionaire Tim Cook has handed Apple to John Ternus and kept a $47m package as executive chairman. Filings show only half of Cook's award is performance-linked. Three-quarters of the new chief executive's is.
Kylian Mbappé-backed Alan buys Senegal's Tanel in first Africa deal
Alan, the French health insurance unicorn whose backers include Kylian Mbappé, has bought Dakar's Tanel its first move into Africa. The target is a million African customers by 2030, starting in Senegal and Côte d'Ivoire.
Billionaire Josh Kushner regrets $20 billion FIFA deal that African bodies backed
Josh Kushner's Thrive Capital was to be cornerstone investor in a $20bn FIFA vehicle that African associations backed hardest and European ones killed. He now says the firm misjudged football's politics and UEFA is seeking documents in a US court.
Nigerian tycoon Gliffeth Wonuigwe's Gasgroup targets NGX listing, expands into refining, power, gas infrastructure, AI data centers
Gliffeth Wonuigwe, the Nigerian oil and gas executive who runs Gasgroup, is taking the company to the Nigerian Exchange main board and repositioning it from oilfield services into refining, LNG and power for artificial intelligence data centres.
South Africa's wealthy Wapnick family holds $108 million stake in Octodec as a rival circles
The Wapnick family holds $108 million in Octodec. Emira spent R892 million buying 23.5%, and Octodec's board says the offer undervalued the company.
Billionaire Sky Xu's fortune falls to $8bn as Shein lists in Hong Kong
Shein lists in Hong Kong at just over a quarter of its 2022 valuation, cutting founder Sky Xu's fortune from more than $23 billion to about $8bn.
Nigerian Pharma tycoon Stella Okoli raises $19.8 million to complete new production facility
Stella Okoli's Emzor has raised N26.7bn ($19.8m) at a 19% coupon to finish West Africa's first antimalarial API plant a Sagamu facility that was due to open in late 2025, then early 2026, and is still incomplete.
Nigerian billionaire Aliko Dangote cuts off petrol supply to marketers who import
Aliko Dangote's refinery has stopped selling petrol to marketers who also import, citing blending and quality. It lands while he is in court trying to cancel the import licences of six marketers and NNPC which says imports prevent monopoly pricing.
Ugandan steel tycoon Abid Alam avoids civil prison after appeal court halts $338,000 debt order
Uganda's Court of Appeal stayed enforcement of a $338,000 glass debt against Abid Alam, after his creditor sought his committal to civil prison.