Cameroon moves to approve Elon Musk’s Starlink satellite internet
The update was included in the 2025 budget review presented to the National Assembly’s Budget and Finance Committee.
Africa’s richest man Aliko Dangote’s refinery takes second Ghana crude
Dangote refinery receives another Ghana crude shipment as repairs cut intake and boost reliance on regional supply.
Edita, led by Egyptian tycoon Hani Berzi, plans $84 million expansion
Edita Food Industries, led by Hani Berzi, plans $84 million expansion to boost production in Egypt, Iraq, and Morocco.
Standard Bank, led by Sim Tshabalala, backs Safaricom Ethiopia with $138 million funding push
Standard Bank backs Safaricom Ethiopia with a $138 million funding facility to support its network expansion and rising user base.
Filipino billionaire Enrique Razon seals 25-year port deal in South Africa
Transnet’s 25-year Durban deal with ICTSI marks South Africa’s first big port concession, aimed at unclogging a vital, crisis-plagued trade gateway.
Duncan Wanblad-led Anglo American and Teck shareholders approve $50 billion merger
Anglo American and Teck shareholders approve $50 billion merger, creating world’s fifth-largest copper producer.
South African tycoon Stephen Saad loses $19 million from Aspen stake
Stephen Saad’s Aspen Pharmacare stake loses $19 million as shares fall, highlighting mounting pressure on Africa’s largest drugmaker.
Kevin Hart’s tequila brand boosts small firms with fresh grant round
The initiative is part of a $1.5 million program supporting more than 150 entrepreneurs in the U.S. and Mexico.
Sanlam, backed by billionaire Patrice Motsepe, unveils $234 million impact fund
Sanlam unveils a $234.8 million Property Impact Fund focused on social infrastructure, affordable housing and community development.
Namibian businessman Quinton van Rooyen's Trustco halts Riskowitz takeover move
Trustco rejects Riskowitz’s takeover move, calling the bid invalid after nominees refused required vetting.
Africa’s richest man Aliko Dangote pledges $700 million for Nigerian education
Africa’s richest man, Aliko Dangote, launches a $700 million fund to expand education and skills training across Nigeria.
Malawi’s richest man Hitesh Anadkat loses $171 million from FMB Capital stake
Malawi’s richest man Hitesh Anadkat sees a $171 million drop in his FMB Capital stake as the bank’s shares retreat on the Malawi Stock Exchange.
South African billionaire Michiel Le Roux’s Capitec buys Walletdoc for $23 million
Capitec advances its digital push with a $23.5 million deal to acquire Walletdoc and expand payment services.
Patrice Motsepe-backed Harmony Gold buys equipment worth $64 million to revamp Eva mine
Harmony Gold is spending $64.1 million on Metso equipment to fast-track development of its Eva copper project, strengthening its shift toward future-facing metals.
Elon Musk’s Starlink edges closer to official approval in Namibia
Namibia reviews Starlink’s license applications, bringing Elon Musk’s satellite service closer to formal approval.
Senegalese entrepreneur Omar Cissé's Teranga Capital gets $1.8 million for SME expansion
Teranga Capital, co-founded by Omar Cissé, receives a $1.8 million Proparco guarantee to expand financing for growth-stage SMEs in Senegal.