Meet Olubunmi Peters, Nigerian businessman behind the $250 million deal for control of Eko DisCo
Olubunmi Peters is betting that new capital can turn Eko DisCo into a Lagos powerhouse.
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Aradel Holdings, led by Adegbite Falade, completes 40% stake acquisition in ND Western
Aradel completes 40 percent ND Western acquisition, strengthens OML 34 influence, and grows Nigerian oil and gas presence.
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigerian tycoon Fidelis Ayebae gains $4.2 million from Fidson stake
Fidelis Ayebae gains $4.2 million as Fidson Healthcare shares rally on the Nigerian Exchange, lifting the value of his 33.1% stake.
Tanzanian billionaire Rostam Aziz clears legal hurdle for Mombasa LPG terminal
Rostam Aziz clears legal hurdle for $130.5 million Mombasa LPG terminal, boosting Kenya's regional energy supply.
Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Kenyan businessman Julius Mwale halts contractor payment with deposit
Kenyan businessman Julius Mwale pauses contractor payment with $132,400 deposit while appealing a road dispute at MMTC.
South African pharma tycoon Stephen Saad’s Aspen to sell Asia-Pacific assets for $1.59 billion
Stephen Saad’s Aspen will sell most Asia-Pacific operations for $1.59 billion as the drugmaker trims debt and reshapes its global footprint.
Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
Burna Boy’s “I Told Them…” tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring.
Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
Inside the rise and fall of Mvelaphanda, the empire South African tycoon Tokyo Sexwale built
Tokyo Sexwale turned struggle credentials into corporate access, building Mvelaphanda into a BEE powerhouse before debt, markets and unbundling erased the brand.
Malawian businessman Napoleon Dzombe to launch Dowa fertilizer plant in 2026
Napoleon Dzombe’s Dowa fertilizer plant set for April 2026 launch, aiming to meet Malawi’s national fertilizer demand and cut imports.
South African billionaire Saltzman family’s Dis-Chem stake tops $630 million
The Saltzman family’s Dis-Chem stake tops $630 million after steady JSE gains, signaling cautious investor confidence in pharmacy retail.
Ugandan investor Magan Patel risks 12-year jail term over wetland destruction
Ugandan investor Magan Patel faces possible 12-year jail term as probes deepen into alleged wetland destruction in Jinja.
Family feud over Kenyan tycoon Stanley Githunguri’s estate reaches court
Kenyan tycoon Stanley Githunguri’s family court battle over multi-billion shilling estate exposes deep divisions in Nairobi.
Beyoncé hits billionaire status, Forbes says, powered by Cowboy Carter tour, NFL halftime payday and Parkwood’s tight control
Forbes says Beyoncé is now a billionaire, with Cowboy Carter tour receipts, a pricey NFL halftime show and Parkwood control driving her take home.