Another Moroccan billionaire on the rise, as Alami Lazraq's ADI stake nears $700 million
Alami Lazraq’s ADI stake nears $700 million, reflecting rising influence in Morocco’s property market and wealth rankings.
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Zimbabwean billionaire Strive Masiyiwa to pocket $7.4 million in Econet interim dividends
Zimbabwe’s Strive Masiyiwa will pocket $7.4 million from Econet’s $15.5 million interim dividend, reflecting the telecom giant’s strong 2025 run.
Kenyan businessman Henry Njeru’s tea company placed under administration
Njeru Industries, a Kenyan tea firm, enters administration amid sector challenges and financial pressures on exporters and farmers.
Medhat Khalil’s Raya gets $23.3 million to boost Egypt’s banking sector
Raya Integration secures $23.3 million credit to boost Egypt’s digital banking, IT infrastructure, and cybersecurity capabilities.
Malawian billionaire Thom Mpinganjira’s FDH Bank stake drops $113 million
Malawian billionaire Thom Mpinganjira’s FDH Bank stake loses $113 million as shares slide 10 percent on Malawi Stock Exchange.
Kansagra family-backed Kavango Resources plans Zimbabwe listing
Kavango Resources, backed by the Kansagra family, plans a Zimbabwe listing to fund gold projects, drawing support from local pension funds.
Nigerian insurance mogul Oye Hassan Odukale guides Leadway Holdings in PAL Pensions deal
Leadway Holdings strengthens its position in Nigeria’s $12.4 billion pension industry with PAL Pensions acquisition.
Zimbabwean social entrepreneur Tsitsi Masiyiwa aims to raise $50 million for African-led ventures
Tsitsi Masiyiwa’s RemitHope seeks $50 million to channel diaspora remittances into African-led projects spanning health, education, and welfare.
Egyptian entrepreneur Khalid Ashmawy's Munify raises $3 million in seed round
Egypt’s Munify raises $3 million led by Y Combinator to grow cross-border banking for millions of Egyptians overseas.
Kenyan tycoons in bitter court battle over SportPesa trademark
Kenya’s richest investors are battling in court for control of the SportPesa betting brand.
Black billionaire Robert F. Smith-backed firm to hire up to 500 people
Jaggaer, backed by Robert F. Smith’s Vista, will expand in Hyderabad with plans to grow its workforce to 500 employees.
Nigerian billionaire Femi Otedola’s memoir now No. 1 on Amazon business category
Billionaire Femi Otedola’s Making It Big tops Amazon’s business category, blending memoir with leadership lessons.
Beyond AI, Strive Masiyiwa targets Zimbabwe’s $1.5 billion remittance flows
TN CyberTech, part of Strive Masiyiwa’s Econet Global, is expanding in key diaspora hubs to capture more of Zimbabwe’s $1.5 billion remittance market.
Kenyan tycoon John Kimani’s Kakuzi reports $2.3 million profit in first half, down 15%
Kenyan agribusiness Kakuzi sees weaker profit in H1 2025 despite surging turnover from macadamia and blueberry sales.
Egyptian tycoon Abdallah Sallam’s Madinet launches $370 million SAFE fund
Egyptian tycoon Abdallah Sallam’s Madinet wins FRA nod for its $370 million SAFE fund, a fractional real estate platform with 70,000 users.
Tony Elumelu's UBA faces Ghana FX ban
The Bank of Ghana has suspended UBA Ghana’s foreign exchange licence, piling pressure on Tony Elumelu.