South African billionaire Patrice Motsepe’s ARM halts operations at Bokoni mine
The company said Friday the shutdown will allow it to work on a revised mining plan for the Limpopo-based mine, after mounting losses and rising costs.
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Nigerian tech tycoon Leo Stan Ekeh pledges 1 million laptops for students
Leo Stan Ekeh’s Zinox has launched a CSR program to provide one million Nigerian students with laptops, internet, and power support.
Egyptian tycoon Hani Berzi loses $11 million on Edita stake
Egyptian businessman Hani Berzi’s Edita stake drops $11 million after stock slide, though annual gains remain largely intact.
Neal Froneman-led Sibanye completes $129 million U.S. metals recycling deal
Sibanye-Stillwater, led by outgoing CEO Neal Froneman, closed its $129 million purchase of U.S. recycler Metallix to boost circular economy push.
Karl Toriola-led MTN Nigeria to spend $664 million on network expansion
The commitment comes despite a difficult year that left the industry struggling with foreign exchange shortages and soaring operating costs.
Algerian tycoon Benhamadi’s Condor inks $80 million worth of trade deals across Africa
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
Egyptian billionaire Hisham Talaat Moustafa loses $59 million from TMG stake
Egyptian billionaire Hisham Talaat Moustafa loses $59 million as Talaat Moustafa Group shares fall on the Egyptian Exchange.
South African billionaire Koos Bekker-led Prosus backs Orbii’s $3.6 million seed round
The round also drew backing from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500.
Electric giant led by Egypt's El-Sewedy family commits $2.5 billion to Algeria’s industrial expansion
Elsewedy Electric, led by Egypt’s El-Sewedy family, will invest $2.5 billion in Algeria to build new factories and expand renewable energy capacity.
Four black billionaires crack Forbes 400 as Oprah, Jay-Z, Tyler Perry miss cut
Forbes’ 2025 list sets a record $3.8B entry point. Only four black billionaires hit the mark—while Oprah, Jay-Z and Tyler Perry fall below the line.
93-year-old billionaire becomes Morocco’s richest man
At 93, Othman Benjelloun leads Bank of Africa and reclaims title as Morocco’s richest man with a $2 billion fortune.
Zimbabwean billionaire Strive Masiyiwa’s Liquid C2 seals deal to boost Africa’s cloud adoption
Cloudmania, part of Strive Masiyiwa’s Liquid C2, partners with AvePoint to boost secure cloud adoption and data protection across Africa.
Ghanaian tycoon Ibrahim Mahama’s E&P acquires Black Volta, Sankofa gold projects
The acquisition followed the transfer of all issued shares from Azumah Resources Ghana Ltd. and Upwest Resources Ltd., according to filings with Ghana’s Registrar of Companies.
Serena Williams-backed women’s league Unrivaled hits $340 million valuation
Serena Williams and other investors fuel Unrivaled’s rise to a $340 million valuation, boosting women’s basketball growth.
Burkinabe billionaire Idrissa Nassa seals deal to acquire TotalEnergies Burkina
Idrissa Nassa’s Coris Invest Group has acquired TotalEnergies Burkina, marking a historic shift toward African ownership in the energy sector.
Nigerian aviation mogul Obiora Okonkwo’s airline to buy six aircraft for expansion
The deal, sealed at Southwest’s Dallas, Texas headquarters, marks a pivotal step in the Nigerian airline’s fleet expansion strategy.