South African investors Kumalo, Oved eye new AI deals after Optasia win
LLH Capital trims its holding in Optasia’s R6.5bn IPO and lines up a fresh push into AI and fintech across Africa.
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6 businesses owned by Nigerian multimillionaire Stanley Uzochukwu
From fuel forecourts to a luxury hotel, Stanley Uzochukwu has built a tightly linked consumer-and-hospitality ecosystem under the Stanel banner
Kenyan tycoon Jimnah Mbaru gains $3 million from Britam shares
Kenyan tycoon Jimnah Mbaru gains $3 million as Britam shares surge on Nairobi Securities Exchange.
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, posts $298 million profit in 9M 2025
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, saw profit ease to $298.5 million in 9M 2025 even as revenue hit a record $4.22 billion.
Tony Elumelu-linked distribution company sends 800 workers home
About 800 workers at AEDC linked to Nigerian investor Tony Elumelu, were laid off this week as part of a company restructuring
Nigerian shipping tycoon Ken Etete urges African governments to fund core industry
Century Group’s Ken Etete urges policy support for long-horizon industrial projects as Dangote’s Lagos refinery ramps output and reshapes Nigeria’s fuel market.
Aliko Dangote’s refinery cuts petrol price by 5.6 percent ahead of holiday season
Aliko Dangote’s refinery lowers petrol price by 5.6 percent, easing costs for motorists ahead of the holidays.
Swazi billionaire Natie Kirsh sees $710 million drop in wealth
Swazi billionaire Natie Kirsh’s fortune has fallen by $710 million to $9.69 billion as weaker asset valuations hit his global retail and real estate holdings.
Guided by U.S. investor-philosopher Jesse Michels, chess magnate and Africaphile Kirsan Ilyumzhinov re-emerges on world stage with Rome-Tirana tour in quiet return to high-level corridors
American thinker Jesse Michels led a quiet diplomatic and spiritual initiative through the Vatican and Albania, marking the public return of former Kalmyk President Kirsan Ilyumzhinov, whose separate visit to Mongolia added a personal cultural note to the wider effort.
Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Jonathan Oppenheimer calls for urgent red tape cuts in South Africa
Jonathan Oppenheimer urges South Africa to cut red tape and empower small businesses to drive growth.
Nigerian executive Chuka Mordi leads Ellah Lakes’ agro push with $163 million raise
Nigerian executive Chuka Mordi is steering Ellah Lakes toward regional agro-industrial dominance with a $163 million public offer.
Nigeria's richest woman Folorunsho Alakija donates hospital to Osun State
Nigerian billionaire and philanthropist Folorunsho Alakija donates a new hospital to Osun State, one of the country's less affluent states.
Nigerian tycoon Temitope Lawani's Helios posts $634 million revenue in 9M 2025
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
South African tycoon Niall Lynch gains $10 million from Motus
South African tycoon Niall Lynch’s Motus stake rises above $31 million as shares climb 50% on renewed investor confidence and global expansion.
Cameroonian banker Alain Nkontchou-linked Ecobank gets $12 million to boost African SMEs
Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.