Sibanye’s 89MW wind farm begins commercial operation under Neal Froneman
Sibanye-Stillwater, led by Neal Froneman, begins commercial operations at 89 MW Castle Wind Farm, advancing its renewable energy goals and sustainability efforts.
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The World’s Black billionaires in 2025
With a combined fortune exceeding $96 billion, Black billionaires are shaping industries from energy and tech to media and infrastructure.
South African billionaire Rob Hersov to launch media empire
The entrepreneur aims to launch a platform like ‘The Daily Wire’ for South Africa, expanding his influence in media and politics.
Standard Bank, led by Sim Tshabalala, raises sustainable finance commitments to $24.5 billion
Standard Bank boosts sustainable finance to $24.5 billion by 2028, reinforcing its role in Africa’s energy transition while balancing climate goals with economic growth.
Nicky Oppenheimer, South Africa’s second-richest man, loses $800 million
The recent dip means Oppenheimer has lost $250 million year-to-date, reversing the $550 million gain recorded just 38 days ago.
OpenAI raises $40 billion, two months after Ogunlesi joins board
The funding is part of OpenAI’s broader push toward artificial general intelligence (AGI).
Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
Equity Group to reward Kenyan banker Mwangi with $4.2 million dividend payout
His stake in the lender, worth over $45 million, represents a 3.39 percent share in the leading financial services group.
Noluthando Gosa-linked ArcelorMittal South Africa defers shutdown amid $91.6 million IDC facility
ArcelorMittal SA secures a $91.6 million IDC facility, delaying its Long Steel shutdown for six months as it navigates financial turmoil and explores long-term solutions.
CIC Group, linked to Kenyan tycoon Gideon Muriuki, unveils $5.6 million bonus issue
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
LeBron James secures major Amazon deal, expanding his media empire
The partnership will make the series available on Amazon Prime Video, Amazon Music, Fire TV Channels, and Echo devices.
Aradel, led by Nigerian businessman Ladi Jadesimi, declares $62 million dividend
Aradel reports record earnings, raises dividends, and expands its asset base through strategic acquisitions, strengthening its position in Nigeria’s energy sector.
Top 10 richest bank founders in Africa
Africa’s richest bank founders expand financial access, influence policy, and attract investment, strengthening the continent’s banking sector and economic stability.
Tanzanian tycoon Ally Edha Awadh hit by regulatory hurdle in Kilifi LPG project
The ruling adds to Kenya’s growing regulatory scrutiny of LPG projects, following past crackdowns by the EPRA on non-compliant firms.
Equity Group, led by James Mwangi, plans $30 million capital boost for subsidiaries
The move reinforces the bank’s regional presence and strengthens balance sheets to keep pace with expansion.
Britam, backed by leading Kenyan investors, reports $38.9 million profit in 2024
Britam’s net profit surged 53% to $38.9 million in 2024, fueled by higher investment income, disciplined cost management, and strong underwriting performance.