Indian billionaire Anil Agarwal’s Vedanta seeks $500 million for Zambia copper
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
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African unicorn Flutterwave eyes 2026 profitability, leans into stablecoins
Flutterwave CEO GB Agboola says the fintech is nearing profitability, betting on stablecoins and trade corridors after raising at least $475 million.
How Kenyan entrepreneur Sujay Shah built a $95 million food powerhouse in Toronto, Canada
From a garage-built legacy to vertical integration, Sujay Shah shares how Scale Foods grew from six people into a $95M, privately owned supplier to Fortune 500 CPG brands—without losing its East African values.
Tony Elumelu’s Heirs Energies secures $750 million from Afreximbank to drive long-term growth
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Dangote refinery drives 28 percent drop in Nigeria petrol prices
Dangote Refinery cuts Nigeria petrol prices 28 percent, easing inflation and boosting holiday fuel supply.
Yomi Jemibewon’s CardinalStone secures $15 million from IFC to scale SMEs in West Africa
CardinalStone Capital Advisers has secured up to $15 million from IFC to back fast-growing SMEs across Nigeria, Ghana and Francophone West Africa through its Growth Fund II.
Ghanaian tycoon Joseph Siaw Agyepong’s Jospong targets Cameroon deals in waste-to-wealth push
Joseph Siaw Agyepong’s Jospong Group is in Cameroon with a waste-to-wealth pitch, offering recycling systems, training and investment.
Johann Rupert’s Richemont posts record UK sales as profits jump
Richemont UK sales hit a record 277 million pounds as profits surged, offering a glimpse into Johann Rupert’s luxury strategy.
Burkinabe tycoon Idrissa Nassa watches as Cameroon moves to take over SocGen unit
Cameroon is set to take control of Société Générale Cameroun, and Idrissa Nassa’s Coris Bank is positioning for what could come next.
Burkinabe tycoon Mahamadou Bonkoungou's EBOMAF denies report linking its jet to Benin coup leader’s escape
Ebomaf says no company aircraft carried Benin’s Lt. Col. Pascal Tigri after the failed coup, calling the report unverified and false.
Nigeria courts private-sector support for innovation as minister meets billionaire Arthur Eze
Nigeria’s innovation minister wants business leaders at the table, betting new partnerships can turn research into factories, jobs and exports.
Charlamagne Tha God renews iHeartMedia pact as Black Effect expands; deal reportedly worth $200 million
Charlamagne Tha God renewed his iHeartMedia deal, staying on “The Breakfast Club” while expanding the Black Effect podcast network and its slate of Black-led shows.
FCMB led by Nigerian banker Ladi Balogun gains approval for $274 million raise
FCMB Group secures shareholder approval for a $274 million capital raise as Ladi Balogun moves to meet CBN recapitalization rules.
Nigerian businessman Ufoma Immanuel’s Chappal Energies closes $430 million oil financing
Chappal Energies closes $430 million financing to boost Nigerian oil operations and support field development.
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
South African tycoon Gus Attridge’s Aspen stake rebounds above $100 million
Gus Attridge’s Aspen stake rebounds above $100 million as shares recover on the JSE, easing losses after a tough year.