Nigerian tycoon Temitope Lawani's Helios posts $634 million revenue in 9M 2025
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
South African tycoon Niall Lynch gains $10 million from Motus
South African tycoon Niall Lynch’s Motus stake rises above $31 million as shares climb 50% on renewed investor confidence and global expansion.
Patrice Motsepe’s ARM shuts Beeshoek mine, 622 workers to lose jobs
South African billionaire Patrice Motsepe’s ARM shuts Beeshoek mine after ArcelorMittal ends iron ore purchases.
Kola Aina's Ventures Platform raises $64 million to back Africa’s next tech giants
Ventures Platform has raised $64 million for its second fund, aiming to back Africa’s next generation of tech startups and drive regional expansion.
Nigerian businessman Temitope Lawani's Helios weighs full Axxela exit
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
South African tycoon Khudusela Pitje’s GX Capital lands $43 million from Standard Bank
New GX Capital secures $43 million from Standard Bank to scale renewable power, storage, water and gas projects.
Tony Elumelu’s Transcorp relocates turbines to lift Nigeria’s power supply
Tony Elumelu’s Transcorp has relocated four turbines to Delta State to boost power generation as gas supply improves across Nigeria.
Christo Wiese-linked Pepkor completes $98.2 million purchase of Retailability brands
Pepkor, linked to Christo Wiese, completes $98.2 million acquisition of Retailability brands, expanding across Southern Africa.
Kenyan businessman Peter Munga locked in $5 million share feud with wife
Kenya’s Peter Munga is in a $5 million legal fight with his wife over Britam shares tied to a bank loan dispute.
Safaricom, led by Peter Ndegwa, unveils $232 million plan to overhaul Kenya’s education
Safaricom rolls out a $232 million plan to modernize education across Kenya with digital tools and training.
Aliko Dangote’s refinery pledges steady fuel supply as output tops demand
Dangote refinery lifts output above demand and pledges stable petrol and diesel prices across Nigeria.
Sim Tshabalala-led Standard Bank expands in Angola, eyes global markets
Standard Bank secures JPMorgan approval in Angola, boosting cross-border trade access and expanding global reach.
Kenyan industrialist and Pwani Oil founder, Naresh Malde, dies at 74
Naresh Malde, the Kenyan industrialist who built Pwani Oil into one of East Africa’s most trusted homegrown brands, has died in Mombasa at 74.
South African tycoon Stephen Saad’s Aspen wins $29 million settlement
Stephen Saad’s Aspen wins $29 million settlement in mRNA production dispute, boosting investor confidence after a tough fiscal year.
American-Burkinabè banker Simon Tiemtoré's Vista Bank eyes controlling stake in ACEP Cameroon
Vista Bank, led by Simon Tiemtoré, is in advanced talks to acquire a controlling stake in ACEP Cameroon to expand across Central Africa.
Fairvest, co-founded by Darren Wilder, acquires two South African malls for $39 million
Fairvest buys Jozini and Tugela Ferry malls for $39 million, boosting its South African retail portfolio.