Nigerian insurance mogul Oye Hassan Odukale guides Leadway Holdings in PAL Pensions deal
Leadway Holdings strengthens its position in Nigeria’s $12.4 billion pension industry with PAL Pensions acquisition.
Kenyan tycoon John Kimani’s Kakuzi reports $2.3 million profit in first half, down 15%
Kenyan agribusiness Kakuzi sees weaker profit in H1 2025 despite surging turnover from macadamia and blueberry sales.
Zimbabwean telecom executive Ralph Mupita denies talks on Telkom acquisition
The remarks came a day after reports suggested MTN was reconsidering a takeover bid for Telkom, which owns South Africa’s biggest fiber network.
Nigerian developer Sijibomi Ogundele wanted by EFCC over alleged money laundering
Sijibomi Ogundele, CEO of Sujimoto Group, faces EFCC probe over alleged money laundering and fund diversion in Nigeria.
Zimbabwean executive Ralph Mupita leads MTN in potential Telkom bid
The Johannesburg-based company has reopened discussions after walking away from a deal two years ago.
Tanzanian entrepreneur Benjamin Fernandes' NALA enters Kenya after $40 million funding
Tanzanian fintech NALA, led by Benjamin Fernandes, has entered Kenya with $40 million Series A backing, eyeing the $4.9 billion remittance market.
Sale of Noluthando Gosa-linked ArcelorMittal SA to IDC stalls over valuation
ArcelorMittal SA, linked to businesswoman Noluthando Gosa, risks closure of its long steel division and 3,500 jobs as IDC sale talks falter over valuation.
Anglo, led by South Africa’s Duncan Wanblad, to exit platinum business in $2.7 billion deal
The move marks the final chapter in Anglo’s century-long history in the precious metal.
South Africa’s Saltzman-backed Dis-Chem opens 300th store in Mbombela
Dis-Chem, backed by South Africa’s Saltzman family, has opened its 300th store in Mbombela, expanding access to affordable primary healthcare.
Anglo, led by South Africa’s Duncan Wanblad, hits Brazil probe over $500 million nickel sale
Brazil reviews Anglo American’s $500 million nickel deal with MMG, raising scrutiny on Duncan Wanblad’s strategy and China’s role in minerals.
Nigerian entrepreneur Seyi Ebenezer’s Payaza secures SEC approval for $13 million commercial paper
Payaza Africa secures SEC approval for $13 million commercial paper, attracting strong investor interest to fund Pan-African expansion and tech upgrades.
Prosus, South African billionaire Koos Bekker, backs $12.5 million round for Arabic speech startup
Prosus, chaired by Koos Bekker, led a $12.5 million Series A in Intella, backing Arabic-first AI tools for enterprises across MENA.
NICO, led by Malawian tycoon Vizenge Kumwenda, announces $3.6 million dividend
NICO Holdings, led by Vizenge Kumwenda, declared a $3.6 million interim dividend as profit forecasts for H1 2025 more than double.
Africa’s richest man Aliko Dangote’s refinery sees surge in global fuel sales
The refinery has accelerated exports of petrol, diesel, and aviation fuel, filling a supply gap created by maintenance closures at Saudi Aramco and Kuwait facilities.
South African brothers, Brett and Mark Levy, plan Cell C listing
Blue Label, led by Brett and Mark Levy, plans to list Cell C on the JSE after a turnaround, aiming to cut debt and secure long-term growth.
Egyptian tycoon Hassan Allam's group wins major Oman water infrastructure contract
The project highlights the company’s expanding presence in international infrastructure projects.