ACEP warns Ghana against buying Springfield stake, putting spotlight on Kevin Okyere
ACEP urges Ghana to shelve a state purchase of Springfield’s oil stake, warning taxpayers could inherit private risk as scrutiny grows on owner Kevin Okyere.
Safaricom, led by Peter Ndegwa, launches $115.6 million tax-free green bond
Safaricom launches a $115.6 million tax-free green bond to support environmental projects and deepen its sustainability drive.
South African billionaire Koos Bekker-led Prosus invests in humanoid robot startup
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
Brett and Mark Levy’s Cell C lists on JSE at $537 million
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.
Tony Elumelu’s Heirs Energies doubles gas output at OML 17
Tony Elumelu’s Heirs Energies has doubled gas production at OML 17, boosting electricity to over 350MW and reshaping Nigeria’s power market.
Pepkor, linked to billionaire Christo Wiese, wins South Africa banking license
Pepkor, linked to billionaire Christo Wiese, has won approval to launch a bank in South Africa, marking a major shift in the 110-year-old retailer’s strategy.
Mary Vilakazi-led FirstRand unveils $150 million clean energy transition facility
FirstRand and BII launch a $150 million facility to help high-emitting African companies shift to cleaner production.
Lesaka, linked to Patrice Motsepe, gets approval for $64 million Bank Zero deal
The clearance removes the main regulatory hurdle for the deal, which was first announced in June 2025.
Anglo American, led by South Africa's Duncan Wanblad, faces fresh BHP takeover bid
The move comes as Anglo prepares for a shareholder vote on its planned merger with Canada’s Teck Resources Ltd., a deal that would create a major copper producer.
NCBA, backed by Kenya’s wealthiest families, faces $3 million tax blow
NCBA faces a $3 million tax setback after a Kenyan court upheld a ruling voiding its 2019 stamp duty waiver, clearing the way for KRA to seek payment.
Egyptian billionaire Hassan Allam takes board seat at the American University in Cairo
Egyptian billionaire Hassan Allam joins AUC’s Board of Trustees, strengthening the university’s leadership.
Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.
Cameroonian banker Alain Nkontchou's Enko gets $30 million to scale Africa's private credit
Enko Capital secured $30 million from South Africa’s PIC to expand private credit for mid-sized African firms, boosting financing options across key sectors.
South African executive Laurence Rapp-led Vukile finalizes $13 million upgrade of Mthatha Mall
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.
Investec, led by South African executive Fani Titi, ramps up corporate mid-market expansion
Investec ramps up mid-market growth in South Africa and the U.K., targeting stronger returns and deeper client relationships.
Nigerian insurance mogul Oye Hassan Odukale’s Leadway takes full control of PAL Pensions
Leadway, chaired by Oye Hassan Odukale, completes its acquisition of PAL Pensions, strengthening its position in Nigeria’s pension industry.