Vodacom, led by Shameel Joosub, partners with Starlink to expand Africa internet
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Skims, linked to Emma Grede, one of America’s richest Black women, hits $5 billion
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Zimbabwe’s Strive Masiyiwa launches Africa’s first multi-model AI platform
Strive Masiyiwa’s Cassava Technologies unveils Africa’s first multi-model AI platform, expanding access to advanced AI tools.
Access Holdings, led by Aigboje Aig-Imoukhuede, vests shares to 689 staff
Access Holdings, led by Aigboje Aig-Imoukhuede, rewards 689 employees with shares under its incentive plan.
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya infrastructure
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya’s infrastructure projects after meeting President William Ruto.
Barloworld, led by Dominic Sewela clears last hurdle in $1.3 billion buyout
Barloworld, led by Dominic Sewela, secures final approval for Newco’s $1.3 billion buyout, paving the way for JSE delisting.
Africa’s richest man, Aliko Dangote, strikes fertilizer deal with German firm
Dangote Fertilizer signs a deal with Germany’s thyssenkrupp Uhde to boost Nigeria’s urea capacity and strengthen food security.
Senegal businesswoman wins $4.6 million to boost Gade Gui egg output
Adama Sène Cissé secures $4.6 million from Proparco to expand Gade Gui’s egg production, boosting Senegal’s local food supply.
Indian billionaire Anil Agarwal’s Vedanta commits $1.5 billion to Zambian mine
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
Billionaire El-Sewedy family launches major industrial zone in Egypt
Egypt’s El-Sewedy family partners with Arabia Developments to launch a major industrial zone in New 6th of October City.
Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
Kenyan tycoon Peter Munga’s wife stops Britam share sale
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Mary Vilakazi-led FirstRand flags extra UK provision risk
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
Tony Elumelu-linked distribution company sends 800 workers home
About 800 workers at AEDC linked to Nigerian investor Tony Elumelu, were laid off this week as part of a company restructuring
Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Jonathan Oppenheimer calls for urgent red tape cuts in South Africa
Jonathan Oppenheimer urges South Africa to cut red tape and empower small businesses to drive growth.