Tanzanian tycoon Edha Nahdi acquires stake in East African Portland Cement for $12 million
Tanzanian tycoon Edha Nahdi’s Kalahari Cement moves to buy NSSF’s Sh1.6 billion stake in East African Portland, tightening its grip on Kenya’s cement market.
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Billionaire Christo Wiese calls Ramaphosa’s presidency ‘a disappointment’
Retail billionaire Christo Wiese says President Cyril Ramaphosa’s record is a disappointment, blaming South Africa’s political system and weak institutions for stalled reform.
Nigerian businessman Bassim Haidar snaps up One Hyde Park flat for £42 million
Reform UK backer Bassim Haidar buys cut-price One Hyde Park flat tied to bankrupt Hong Kong tycoon, betting on a long-term rebound in prime London.
Egyptian businessman Safwan Thabet’s Juhayna stake drops $71 million
Safwan Thabet’s stake in Juhayna fell by $71 million as shares slid on the Egyptian Exchange, trimming the food maker’s market cap this November.
Access Holdings, led by Aig-Imoukhuede, plans $27.7 million private placement
Access Holdings moves to raise $27.7 million in new capital as Aig-Imoukhuede strengthens the group’s growth plan.
Tomi Amosun's Summit Africa gets $20 million from IFC
Summit Africa secures $20 million from IFC to boost growth in financial services, technology and food security.
Ghanaian Pharma multimillionaire Kofi Nsiah-Poku elected president of AGI
Kinapharma chief Kofi Nsiah-Poku wins AGI presidency, succeeding Humphrey Ayim-Darke and promising tougher advocacy on power reliability, export growth and policy reforms for manufacturers.
Nicki Minaj’s $20 million home could be sold under court order
A judge may approve the sale of Nicki Minaj’s $20 million Hidden Hills home as she faces a court fight over a $503,318 debt.
ACEP warns Ghana against buying Springfield stake, putting spotlight on Kevin Okyere
ACEP urges Ghana to shelve a state purchase of Springfield’s oil stake, warning taxpayers could inherit private risk as scrutiny grows on owner Kevin Okyere.
Safaricom, led by Peter Ndegwa, launches $115.6 million tax-free green bond
Safaricom launches a $115.6 million tax-free green bond to support environmental projects and deepen its sustainability drive.
South African billionaire Koos Bekker-led Prosus invests in humanoid robot startup
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
Brett and Mark Levy’s Cell C lists on JSE at $537 million
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.
Kenyan businessman Muhoho Kenyatta returns to NCBA board amid buyout talks
Muhoho Kenyatta rejoins NCBA as a non-executive director amid ongoing Standard Bank buyout talks shaping Kenya’s banking industry.
South African banker Jason Quinn-led Nedbank settles $34.8 million dispute
Jason Quinn-led Nedbank agrees to pay $34.8 million to Transnet, ending a year-long legal dispute while supporting growth in Africa.
Dangote taps Saipem, EIL and others for $2.5 billion fertilizer expansion
Aliko Dangote is expanding fertilizer capacity in Nigeria and Ethiopia, contracting global engineering firms to boost urea output and strengthen Africa’s food supply.
Kenyatta family, Kenya’s largest landowners, loses $20 million from NCBA stake
Kenyatta family records a $20 million loss on its NCBA holdings as the bank’s share price slips on the Nairobi Securities Exchange.