IFC backs Hassanein Hiridjee’s AXIAN with $62.5 million for Wananchi deal
IFC has committed $62.5 million to support Hassanein Hiridjee’s AXIAN Telecom in acquiring East African pay-TV and broadband provider Wananchi Group.
Malagasy tycoon Hassanein Hiridjee’s AXIAN Energy backs $58 million solar project in Ivory Coast
Hassanein Hiridjee’s AXIAN Energy backs a $58 million solar project in Ivory Coast to boost renewable power access.
CIC Group, backed by Kenyan tycoon Gideon Muriuki, unveils dollar fund giving investors access to global markets
CIC Group, backed by Kenyan tycoon Gideon Muriuki, launches a dollar-based balanced fund to expand access to global investment opportunities.
Transcorp Power, linked to Tony Elumelu, posts $210 million nine-month revenue
Transcorp Power, linked to Nigerian tycoon Tony Elumelu, reports $210 million nine-month revenue driven by higher power generation and steady operational efficiency.
Kansagra family-backed Kavango Resources draws fresh capital after Zimbabwe listing
Kavango Resources raises fresh capital after Zimbabwe listing, with Kansagra family boosting its Southern Africa expansion.
Canal+, backed by French billionaire, plans JSE listing after MultiChoice takeover
Canal+, led by billionaire Vincent Bolloré, plans JSE listing after taking full control of South Africa’s MultiChoice Group.
Anglo American, led by South Africa’s Duncan Wanblad, to resume coal mine sales in early 2026
Anglo American will resume selling its Australian coal mines after a halted $3.8 billion deal, while pursuing a $50 billion merger with Teck Resources.
South African tycoon Adrian Gore’s Discovery Bank plans move into business banking
Discovery Bank, the digital lender backed by Adrian Gore’s Discovery Limited, is moving into SME banking to drive growth and reach R3 billion profit by 2029.
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials, expanding its professional services network.
Kenyan tycoon Peter Munga wins 14-year battle over TransCentury shares
Kenyan tycoon Peter Munga wins court case over a Ksh150 million ($1.2 million) TransCentury share dispute, ending a 14-year legal battle.
Sam Darwish's IHS completes $274 million sale of Rwanda operations
IHS Towers, led by Sam Darwish, has sold its Rwandan operations to Paradigm Tower Ventures for $274.5 million, refining its African focus.
Africa's richest man Aliko Dangote’s refinery boosts daily petrol supply to 20 million
Aliko Dangote’s refinery now supplies 20 million liters of petrol daily, advancing Nigeria’s energy independence and industrial growth.
LeBron James extends global partnership deal with Hennessy
LeBron James extends his global partnership with Hennessy, launching a new V.S.O.P. Limited Edition.
Sanlam, backed by billionaire Motsepe, to acquire medical devices firm Medhold
Sanlam, backed by South African billionaire Patrice Motsepe, is acquiring Old Mutual’s Medhold, expanding its footprint in Africa’s fast-growing healthcare sector.
FirstRand, led by Mary Vilakazi, flags $14.7 billion U.K. car loan payout risk
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.
Glencore, led by Gary Nagle, gets $395 million Australian backing for copper smelter
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.