7 businesses owned by the world's richest man Elon Musk
Elon Musk's business empire spans electric cars, rockets, brain chips and social media—and it keeps growing in unexpected ways
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AMNI chief Tunde Afolabi Targets 12,000 bpd at Okoro in Nigeria offshore push
AMNI International has mobilised a drilling rig to Nigeria's Okoro field, targeting output above 12,000 barrels per day in a three-well offshore campaign.
Naguib Sawiris says Egypt's developers are shrinking home sizes as inflation squeezes buyers out of the market
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.
Richemont, LVMH and luxury giants take hit as U.S.-Israel strikes on Iran rattle markets and shut Gulf stores
Luxury stocks from Richemont to LVMH tumbled Monday after U.S.-Israel strikes on Iran shut stores and triggered a sell-off across global markets.
ANC condemns PM27 campaign as website pushes Patrice Motsepe for party presidency despite his denials
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
Kenyan media tycoon SK Macharia's helicopter crashes, kills MP Johana Ngeno and five others
A helicopter owned by media mogul SK Macharia crashed in Nandi County, killing MP Johana Ngeno and five others, as Macharia battles a prolonged insurance war.
Tycoon Patrick Bitature returns as Umeme chairman as Ugandan power distributor posts $40.7 million profit
Umeme posted a Sh148.2 billion profit in 2022 and reappointed Dr. Patrick Bitature as board chairman for a third consecutive term.
Oriental Weavers gets independent carbon footprint certification, cuts emissions with solar push
Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Former Steinhoff legal chief Stephanus Grobler fined $18.9 million by FSCA
FSCA fines former Steinhoff executive Stephanus Grobler R359m over false and misleading financial statements issued between 2014 and 2017.
Mining mogul Ben Magara steers Exxaro into $575 million manganese deal
Exxaro Resources, led by CEO Ben Magara, has completed a 575 million dollar deal to acquire premier manganese assets, securing a key role in the global transition to green energy and battery manufacturing
AfDB approves $7 million backing for Saviu to power Francophone startups
AfDB commits €6.5M to Saviu II fund, targeting early stage tech startups in Francophone West and Central Africa amid slowing venture capital flows.
Nigerian aviation mogul Allen Onyema expands Air Peace global reach with Travelport deal
Allen Onyema has secured a global Travelport distribution deal, expanding Air Peace digital reach across Africa, Europe and Asia.
Patrice Motsepe emerges in leadership speculation as South Africa debates its future
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
MTN Nigeria pays $429.7 million in 2025 taxes as new fiscal regime lifts corporate levies
MTN Nigeria posts a $429.7 million tax bill in 2025 under Nigeria’s new tax regime, even as profit before tax surged past $1 billion for the first time
Capitec's billionaire founder Michiel Le Roux donated millions to Democratic Alliance
Michiel Le Roux’s investment vehicle gave the DA another major boost as fresh disclosures showed the party taking most declared donations late last year.
Zim billionaire Strive Masiyiwa's Liquid Intelligent lands $605m funding to accelerate Africa expansion
Liquid Intelligent secures $605m in fresh funding to cut debt, strengthen its balance sheet and expand digital infrastructure across Africa.