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Rupert's Richemont bails out Delvaux with a €100.6 million debt-to-equity conversion, Hiridjee's AXIAN Telecom crosses $1.69 billion in revenue, Gary Lubner eyes a $1 billion Belron IPO windfall, and a Kenyan Senate probe names Mohamed Jaffer in an alleged fuel crisis scheme.
Kenyan Senate investigation has named Mombasa tycoon Mohamed Jaffer and 2 state officials in an alleged scheme to manufacture the country's worst fuel crisis in 3 years.
Algerian businessman Mahieddine Tahkout faces fresh corruption allegations over diverted funds and international money laundering in a widening legal case.
South African-born Gary Lubner, former Belron chief executive and major Labour donor, stands to pocket close to $1 billion if the Autoglass parent lists in Amsterdam.
Hassan Allam Holding has agreed to acquire MetiPro, the engineering and construction arm of water management group Metito, in an undisclosed deal.
Arthur Eze's Oranto sells 75 percent of São Tomé Block 3 to Petrobras, Glencore and Motsepe's ARM overturn a SARS diesel refund ruling, and Dangote commits N500 billion to close Nigeria's 1.2 million-tonne sugar import gap.
JSE-listed fintech Optasia has suspended airtime credit services in Nigeria after new FCCPC digital lending regulations disrupted telecom-linked credit products across the market.
AXIAN Telecom posted full-year 2025 revenue of $1.69 billion, up 20.2%, as acquisitions and mobile data growth accelerated across its African markets.
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Ivan Glasenberg's Glencore and Patrice Motsepe's ARM have won a Supreme Court of Appeal ruling reversing a SARS diesel refund decision with wide implications for mining joint ventures.
Aliko Dangote is deploying fresh capital into his sugar business after shareholders approved a N500 billion rights issue to fund an expansion targeting 600,000 metric tonnes of annual output by 2030.
Aliko Dangote's refinery is exporting record volumes of jet fuel to Europe, stepping into a supply crisis triggered by the effective closure of the Strait of Hormuz.
Aliko Dangote's 650,000-barrel-per-day refinery is becoming a critical source of jet fuel for Europe as the Iran war chokes off traditional Middle Eastern supply routes.
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
Forbes counts 27 Black billionaires worth $121 billion combined and we profile the five youngest.