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Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Absa Bank Kenya has partnered with billionaire Adil Popat's Simba Corporation to finance up to 100 percent of vehicles and farm equipment for buyers.
The South African-born billionaire says he will not sell his minority Lakers stake and intends to partner with incoming owners Bob Iger and Josh Kushner.
The US oil billionaire's Continental Resources is buying half of Phoenix Global Resources and plans to invest $4 billion drilling Argentina's Vaca Muerta shale formation.
Nassef Sawiris lifted his OCI stake to 57.5%, closing in on taking private the chemicals empire he spent two years dismantling. And Aliko Dangote is $5 billion richer as his refinery became Europe's biggest supplier of jet fuel and diesel after the Strait of Hormuz closed.
Justin Stanford left school alone as a teenager, built a cybersecurity firm from a Cape Town garage, then spent 15 years seeding the companies that became African tech — VALR, Wasoko, Aerobotics. He isn't a billionaire. He may be the man who built the ground they stand on.
South Africa ships ~80% of its manganese out as raw rock. Daphne Mashile-Nkosi spent two decades and $1.3 billion refusing to — building the world's largest sinter plant on bare Kalahari earth. Inside the beneficiation bet African mining is still arguing about.
Nassef Sawiris spent two years selling off OCI's fertiliser and methanol empire and paying shareholders billions. Now he's buying back the shell at a 2% premium to take it private. The lesson: value is realised by what you sell, not what you hold.
Geregu Power chairman Abdulaziz Yari has personally provided the funds to clear the company's N40.09 billion ($29 million) bond after a recent default.
Chris Otto's family office and Dimension Data co-founder Richard Came have backed Comsol's wholesale 5G network, launching this month.
Robinhood chief Vlad Tenev says global markets are in an early 'tokenization supercycle,' as on-chain equity trading reportedly hit a record $9 billion this year.
Theresa Oppong-Beeko graduated from the University of Ghana, went into fishing, failed with $2.5 million in debt, returned to study, and built Manet Group into a $420 million Ghanaian real estate empire.
Elon Musk says SpaceX will reach $1 trillion in revenue by 2030, but with analysts forecasting just $44.6 billion this year, Amazon may claim the milestone first.
Justin Stanford dropped out of school on a Western Cape apple farm, built a pan-African cybersecurity company from a garage, and launched 4Di Capital, the early-stage fund that seeded Wasoko, Aerobotics and VALR.
Combined Motor Holdings will pay three of its executive directors and their family trusts R745 million ($46 million) for 13 dealership properties it already leases.
An Algerian court has postponed to August 31 a money-laundering case centered on funds belonging to jailed tycoon Mahieddine Tahkout, with four private investors accused.