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Aliko Dangote says Africa's next industrial revolution must be powered by local capital; James Mwangi targets Francophone Africa in Equity Group's next expansion phase; Strive Masiyiwa backs major African data-center expansion.
Tanzania's government told parliament it is negotiating a takeover of over 2,000 idle hectares of Mo Dewji's MeTL tea estates in Mbeya to restart production and protect farmers.
SpaceX filed for a $2 trillion IPO that will make Elon Musk the world's first trillionaire and turn at least four of his close allies into billionaires.
Moroccan billionaire Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, a Swedish licensed credit institution that buys and manages non-performing loan portfolios across Europe.
Company records show Joshua Kulei is a beneficial owner of Liaison Capital, the firm behind Kenya's Sh42 billion Talanta Sports City and Sh415 billion military housing programme.
Aliko Dangote's $20 billion refinery nears full capacity as fuel exports begin; Peter Munga increases his financial services stake as banking competition intensifies; Strive Masiyiwa backs new African AI and digital infrastructure fund.
MTN Uganda chairman Charles Mbire said the company is open to a Starlink partnership after Uganda formally licensed the satellite internet provider on May 15.
Anas Sefrioui's CIMAF presented a CFA26 billion expansion plan to Gabon's president on May 20, targeting a third cement line and expanded clinker production at the Owendo factory.
BUA Cement chairman Abdul Samad Rabiu told shareholders cement prices will fall as naira stability eases costs, after the company posted a record 2025 profit.
A California jury dismissed Elon Musk's $134 billion lawsuit against OpenAI and Sam Altman in under two hours on May 18, finding his claims barred by the statute of limitations, clearing the way for OpenAI's planned IPO.
Sue Nabi studied water engineering in Algeria, joined L'Oréal as a sales rep and spent three decades building one of global beauty's most remarkable careers
Discovery CEO Adrian Gore has left Business Unity South Africa after four years to chair Business Leadership South Africa from May 2026.
Egyptian billionaire Naguib Sawiris kept his seat on Endeavour Mining's board at its 2026 AGM, but drew the weakest shareholder support of any director.
Hisham Talaat Moustafa served nine years in prison, walked out in 2017 and built Egypt's largest listed real estate developer into an $8 billion annual sales machine.
Egypt's Elsewedy Electric, controlled by the billionaire El-Sewedy family, has acquired a 60% stake in Dutch gas turbine specialist Thomassen Service to expand across the Middle East and Africa.
Aliko Dangote says his refinery will end Africa's dependence on imported fuel; James Mwangi accelerates Equity Group's regional expansion with new banking licenses; Patrice Motsepe pushes deeper into renewable energy.