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Three South African founders became instant billionaires after selling BVNK to Mastercard for $1.8 billion, Dangote's refinery powered Nigeria to a $4.23 billion balance of payments surplus, and Zenith Bank hit an all-time high on plans for a London listing.
Hesham El Ghoroury's Tiba for Starch & Glucose has secured a minority stake from Amethis to scale production capacity and expand into global export markets.
Chevron is selling its stakes in two offshore Angola oil blocks to Energean for $260 million, marking the US major's latest portfolio trim.
South African co-founders Jesse Hemson-Struthers, Donald Jackson and Chris Harmse have sold stablecoin startup BVNK to Mastercard for up to $1.8 billion.
Ariel Investments is pushing Project Level toward a $1 billion target after closing $250 million for its women's sports fund.
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Nigeria swung to a $4.23 billion balance of payments surplus in 2025, powered by Dangote Refinery exports and surging diaspora remittances.
Coris Bank International has filed to enter Cameroon, seeking a foothold in the CEMAC region's largest and most profitable banking market.
Jim Ovia's Zenith Bank Plc reclaimed its position as Nigeria's most valuable lender after shares surged to an all-time high of N111.
Juhayna Food Industries posted EGP 1.9 billion in 2025 consolidated profit, down 20% from a year earlier, even as sales hit EGP 30 billion.
Uganda signed a deal with Egypt's Orascom Construction to study whether a light rail transit system for Kampala is viable.
The Economist says Dangote's empire isn't as innovative as he claims, Rupert is fighting a friend over a R2.3 billion Stellenbosch deal, Transcorp just posted record revenue of $399 million, and Motsepe is being tipped as South Africa's next president.
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
Uganda's richest man Sudhir Ruparelia has denied filling or degrading Lake Victoria, saying work at his resort is NEMA-approved flood protection.
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.