Moroccan royal family's Al mada Ventures backs WafR with co-led $4M seed round investment
Almada Ventures joins LoftyInc and Attijariwafa to fuel WafR’s expansion as it deepens digital financial access for Morocco’s small retailers.
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Nigerian entrepreneur Seyi Ebenezer’s Payaza targets $33 million in fresh commercial paper offer
Payaza opens a $33 million commercial paper offer to boost working capital and support expansion across its payments network.
Court says Tunde J. Afolabi's AMNI not in receivership, fixes ruling date
Federal High Court clarifies AMNI is not in receivership and sets a date to rule on the stay request in the Cenroc dispute.
Pentagon opens door to Elon Musk’s Grok in classified AI shift
Pentagon weighs adding Elon Musk’s Grok to classified systems as tensions with Anthropic grow over limits on military AI use
Nigerian oil magnate Muhammadu Indimi’s Oriental Energy ordered to pay daughters $43.51 million in dividend feud
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
This Kenyan tycoon partnered with Ritz Carlton to build a Maasai Mara resort and is now facing intense backlash
Shivan Patel’s Lazizi Mara project brought Ritz Carlton to the Maasai Mara, but lawsuits and conservation protests now threaten to define the resort.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
South African businessman Phillip Abelheim’s Transpaco blocked from acquiring Premier Plastics
South Africa’s Competition Commission blocks Transpaco’s R128m acquisition of 35 year old Premier Plastics, halting the planned expansion.
Patrice Motsepe's African Rainbow Minerals flags higher interim earnings ahead of March results
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.
Karl Toriola leads MTN Nigeria to record $11.2 billion market value
MTN Nigeria has surged to the top of the Nigerian Exchange as its most valuable listed firm, a milestone widely credited to CEO Karl Toriola’s strategic leadership and investor-focused growth strategy
Nigerian billionaires Aliko Dangote and Abdul Samad Rabiu lead Africa’s billionaire gains in 2026
Dangote and Rabiu post Africa’s strongest billionaire gains in 2026, outperforming Rupert, Oppenheimer and Sawiris on Bloomberg rankings.
Wale Tinubu's Oando launches second tranche of 1.28bn share dividend plan
Oando approves over 600 million shares in second tranche of its 1.28 billion share dividend programme for investors
Nigerian tycoon Taiwo Afolabi expands digital education drive with AI training for Lagos students
Taiwo Afolabi has strengthened his digital education push, training 90 Lagos students in artificial intelligence and practical technology skills.
Nigerian businessman Michael J. Prest’s BONI wins key court rulings in Zambia Investrust dispute
Michael Prest’s BONI won two key High Court rulings in Zambia, preserving its legal challenge over the liquidation of Investrust Bank.
Leadership succession gaps leave South African companies exposed
Sarah Arnot, Partner at Heidrick & Struggles, explains why succession depth, executive support, and cultural coherence are essential to retaining senior leaders in South Africa.