Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
Latest
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
Michael Jordan’s 23XI Racing surges to top of NASCAR standings
Michael Jordan and Denny Hamlin’s 23XI Racing opens 2026 with two wins, fueling championship hopes and growing dominance in NASCAR
South African tycoon Sandile Zungu says nothing will stop Sizekhaya lottery takeover
Sandile Zungu says Sizekhaya is on track to take over the national lottery on June 1, dismissing controversy around the licence award.
Aliko Dangote unveils plan to turn refinery into industrial powerhouse with massive detergent chemical plant
Aliko Dangote has announced a major petrochemical project that will turn his refinery into an industrial hub and position Nigeria as Africa’s largest supplier of detergent raw materials.
Mark and Brett Levy eyes billions in municipal power revenue
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Vista Equity Partners backs SambaNova in $350M AI chip deal
Vista Equity Partners leads $350 million round in AI chipmaker SambaNova as demand rises for inference hardware and Intel signs partnership.
Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
Nigerian entrepreneur Seyi Ebenezer’s Payaza targets $33 million in fresh commercial paper offer
Payaza opens a $33 million commercial paper offer to boost working capital and support expansion across its payments network.
Court says Tunde J. Afolabi's AMNI not in receivership, fixes ruling date
Federal High Court clarifies AMNI is not in receivership and sets a date to rule on the stay request in the Cenroc dispute.
Pentagon opens door to Elon Musk’s Grok in classified AI shift
Pentagon weighs adding Elon Musk’s Grok to classified systems as tensions with Anthropic grow over limits on military AI use
Nigerian oil magnate Muhammadu Indimi’s Oriental Energy ordered to pay daughters $43.51 million in dividend feud
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.