Absa, led by Kenny Fihla, channels $100 million into African green power
Absa, led by Kenny Fihla, invests $100 million in African renewable energy through CrossBoundary Energy.
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Tony Elumelu’s Heirs Energies doubles gas output at OML 17
Tony Elumelu’s Heirs Energies has doubled gas production at OML 17, boosting electricity to over 350MW and reshaping Nigeria’s power market.
Malagasy tycoon Hassanein Hiridjee’s AXIAN rebrands fintech unit to expand digital banking across Africa
AXIAN rebrands fintech unit to Digibank & Fintech, expanding mobile money and digital banking across six African countries.
Africa’s richest man Aliko Dangote strikes deals in India to boost refinery, fertilizer plans
The deals, sealed yesterday, mark a major step in his effort to secure Africa’s fuel supply and reduce the region’s dependence on imports.
Pepkor, linked to billionaire Christo Wiese, wins South Africa banking license
Pepkor, linked to billionaire Christo Wiese, has won approval to launch a bank in South Africa, marking a major shift in the 110-year-old retailer’s strategy.
Kenya’s Paramount Bank hits $24 million as Jim Ovia’s Zenith Bank plans buy
Kenya’s Paramount Bank raises capital to $24 million as Jim Ovia’s Zenith Bank plans a strategic acquisition.
Court halts $3.66 million tax order against Tony Elumelu-linked AEDC
Federal High Court halts $3.66 million tax order against Tony Elumelu-linked AEDC, sending the case back to the tribunal.
Africa’s youngest billionaire Mo Dewji secures $24.6 million to expand Tanzania’s agro-industry
Mo Dewji’s MeTL secures $24.6 million to expand Tanzania’s agro-industry, creating 1,400 jobs and boosting exports and rural incomes.
Patrice Motsepe-backed Harmony Gold approves up to $1.75 billion for Eva Copper mine
Harmony Gold commits up to $1.75 billion to develop the Eva Copper mine as Motsepe-backed expansion pushes into Australia.
Michael Jordan donates $10 million to North Carolina medical center
Michael Jordan donates $10 million to Novant Health, honoring his mother and supporting neurological care in Wilmington.
U.S.-Nigerian telecom mogul Sam Darwish gains $6.7 million from IHS stake
The rebound comes after a challenging period between Sept. 12 and 27, when his stake fell from nearly $100 million to $86.19 million.
Mary Vilakazi-led FirstRand unveils $150 million clean energy transition facility
FirstRand and BII launch a $150 million facility to help high-emitting African companies shift to cleaner production.
South African billionaire Koos Bekker-led Naspers logs $4.1 billion profit for H1 2026
This marks a clear improvement from the same period a year earlier and underscores the company’s effort to streamline operations and tighten execution in key markets.
Lesaka, linked to Patrice Motsepe, gets approval for $64 million Bank Zero deal
The clearance removes the main regulatory hurdle for the deal, which was first announced in June 2025.
Nigerian magnate Aderemi Makanjuola’s Caverton plans recovery after $36 million loss
Caverton launches a groupwide overhaul as Aderemi Makanjuola moves to curb losses and restore profit after a $36 million setback.
Anglo American, led by South Africa's Duncan Wanblad, faces fresh BHP takeover bid
The move comes as Anglo prepares for a shareholder vote on its planned merger with Canada’s Teck Resources Ltd., a deal that would create a major copper producer.