Egyptian tycoon Abdallah Sallam leads Madinet Masr's expansion plan with $5 million investment
The company’s board approved the capital injection to support the launch of real estate development projects outside Egypt.
Mounir Nakhla’s MNT-Halan rolls out Egypt’s first digital secured loan
Mounir Nakhla’s MNT-Halan unveils Egypt’s first digital secured loan, offering fast, collateral-backed credit.
Aig-Imoukhuede-led Access Holdings gets $10 million to boost SME growth in Sierra Leone
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.
South African billionaire Koos Bekker-led Prosus enters France with $1.3 billion deal
The all-cash deal, valued at $1.3 billion, gives Prosus’s classifieds arm OLX its first major foothold in France, Europe’s second-largest car market.
Investec, led by South African executive Fani Titi, secures energy trading license
Investec gains energy trading license, boosting access to renewable power and deepening its role in South Africa’s evolving energy sector.
Samuel Dossou-Aworet-backed Tullow sells Kenya assets to Gulf Energy
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.
African Bank, led by Kennedy Bungane, secures $40.4 million to back SMEs
African Bank, led by Kennedy Bungane, secures $40.4 million to support SMEs through its first social bond and sustainable finance framework.
South Africa’s Cobus Stofberg adds $7.97 million from Naspers stock surge
South African businessman Cobus Stofberg gains $7.97 million from Naspers surge, lifting his stake to nearly $130 million.
Directline CEO petitions court to arrest Kenyan media mogul SK Macharia
Directline CEO Sammy Kanyi asks court to arrest tycoon SK Macharia over alleged boardroom takeover.
Nigerian billionaire Arthur Eze secures four oil blocks in Liberia
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.
Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall
The opening forms part of Pick n Pay’s turnaround plan, which includes revamping existing outlets, closing weaker stores and introducing new formats.
Kenyan tycoon SK Macharia fires staff in office raid, ignoring court rulings
Samuel Kamau Macharia entered Directline Assurance offices, dismissed staff, and ignored court rulings, prompting police and regulatory investigations.
Seplat Energy, co-founded by Austin Avuru, to invest up to $3 billion in Nigeria
Seplat Energy to invest up to $3 billion in Nigeria after the Exxon deal, boosting oil and gas output, shareholder returns, and local energy access.
South African tycoon Adrian Gore’s Discovery Bank targets nearly $180 million profit
Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
Canal+, backed by French billionaire Vincent Bollore, moves ahead with $2 billion MultiChoice deal
The deal gives Canal+ effective control of the South African pay-tv giant.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.