Egyptian billionaire Hisham Talaat Moustafa’s TMG posts $381 million profit after 43% surge
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
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Armstrong Takang’s MOFI declares $16.9m dividend payout to shareholders
MOFI posts N25.3bn profit and declares a $16.9m dividend after expanding mortgage disbursements across 21 states and the FCT.
Nigerian auto magnate Innocent Chukwuma's Innoson now employs 8,000 workers nationwide
Innoson chairman Innocent Chukwuma says the company employs 8,000 staff nationwide and plans to add 2,000 more in new factory expansion.
IFC weighs $100 million loan to back Coris buyout of Cabo Verde’s top bank
IFC is weighing a $100 million loan to back Idrissa Nassa’s Coris Holding as it finances a majority takeover of Cabo Verde’s BCA.
Wealthy businessman Sandile Zungu floated for South African Football Association top job
AmaZulu owner Sandile Zungu says he knows his name is in the SAFA conversation, a move that would bring big money and sharper scrutiny.
Elon Musk says SpaceX could launch Starship every hour within three years
Elon Musk says SpaceX may launch Starship every hour within three years, transforming satellite deployment and reshaping the future of spaceflight.
Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
Madagascar issues international arrest warrant for tycoon Mamy Ravatomanga over alleged lychee export fraud
Madagascar has issued an international arrest warrant for tycoon Mamy Ravatomanga, accused in a sweeping lychee export fraud and money laundering case.
BET founder Robert L. Johnson is a billionaire again, Forbes says
BET founder Robert L. Johnson is a billionaire again, Forbes says, underscoring how the cable TV pioneer rebuilt a nine figure fortune into ten.
Elon Musk takes swipe at OpenAI as $500B Stargate faces delays
Elon Musk reignites tensions with Sam Altman as reports suggest OpenAI’s $500 billion Stargate AI project is facing setbacks.
Late Zimbabwean tycoon Mutumwa Mawere’s Johannesburg mansion heads to auction
Mutumwa Mawere’s Bryanston mansion in Johannesburg is headed to auction under his insolvent estate, with a reserve price set at R6 million.
Kenyan sports betting mogul Ronald Karauri enters Nairobi governor race ahead of 2027
Ronald Karauri, a businessman and Kasarani MP linked to SportPesa’s rise, has declared a 2027 bid for Nairobi governor.
South African tax authorities move against football mogul Siviwe Mpengesi over $3.3m assets
SARS is tightening pressure on businesses linked to Chippa Mpengesi, with a reported R53 million asset seizure threat and mounting financial strain.
Renewed push grows for billionaire Patrice Motsepe to enter ANC presidential race
Calls are rising again for Patrice Motsepe to enter the ANC presidential race, as his ARM role change fuels fresh political speculation.
South African businesswoman Magda Wierzycka to launch AI startup fund in South Africa
South African businesswoman Magda Wierzycka is launching an AI startup fund to back local founders and slow the outflow of talent.
20 businesses owned by Tanzanian billionaire Edha Nahdi
Inside Edha Nahdi’s 20 key businesses, from fuel and cement to logistics and smart grid technology, as Amsons expands across East Africa.