Safaricom, led by Peter Ndegwa, wins central bank approval for 15% stake sale
Safaricom, led by Peter Ndegwa, wins CBK approval to sell 15% of government stake, raising $1.6 billion for Kenya’s treasury.
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Aliko Dangote’s refinery benefits as Europe, U.S. shut fuel plants
Aliko Dangote’s refinery gains global importance as U.S. and European shutdowns tighten fuel supply in the Atlantic Basin.
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
Ugandan billionaire Sudhir Ruparelia kicks off Kingdom Kampala expansion with 21-storey tower and helipad
Ugandan tycoon Sudhir Ruparelia is moving ahead with phase two of Kingdom Kampala, anchored by a 21-storey tower and rooftop helipad.
How Nigerian businessman Denzel Henry Akogwu built Elipse International Ltd into one of Africa’s Rising Mining and Mineral Powerhouses
Elipse International Ltd is a leading Nigerian indigenous mining and mineral trading company offering integrated exploration, processing, testing, logistics, and export.
Patrice Motsepe joins world’s top 1,000 richest as net worth tops $4 billion
Patrice Motsepe enters the world’s top 1,000 richest as his net worth climbs above $4 billion, driven by gains in mining and investments.
Turkish steel billionaire Fuat Tosyali presses Brussels to lift quotas on Turkey and Algeria as EU tightens import net
Fuat Tosyali wants Brussels to lift steel quotas on Turkey and Algeria, arguing Europe needs low emission supply as safeguards tighten.
Olakunle Williams' Tetracore Energy Group honoured with first indigenous energy excellence & strategic award by Nigeria House Davos
Tetracore Energy Group has received the Indigenous Energy Excellence & Strategic Award from Nigeria House Davos, recognising its impact on Nigeria’s gas and power infrastructure and indigenous leadership.
South African executive Laurence Rapp-led Vukile buys 35% of Pradera in $5.9B deal
South African executive Laurence Rapp-led Vukile acquires 35% of Pradera in $5.9 billion deal, expanding its retail reach globally.
Nigerian businessman Tony Elumelu joins Seplat Energy as non-executive director
Seplat said Tony Elumelu’s experience will strengthen board oversight as the company pursues growth in Nigeria’s evolving energy market.
Tanzanian billionaire Rostam Aziz nears $130 million LPG terminal completion
This reflects a major step in his effort to expand LPG supply across East Africa while easing long-standing pressure on the region’s energy infrastructure.
Aspen Pharmacare founder Stephen Saad eyes Canada as first proving ground for generic Ozempic rivals
Aspen founder Stephen Saad wants Canada to be the proving ground for generic semaglutide, as competitors race regulators and supply constraints.
7 African billionaires who invested $100 million or more in Africa over the last two years
Africa’s richest investors are back in build mode, writing nine figure cheques for refineries, cement, power, AI infrastructure and gold.
$352 million NCBA stake held by two of Kenya’s richest families in focus after Nedbank bid
$352 million NCBA stake held by Kenya’s Kenyatta and Ndegwa families draws attention after Nedbank’s $856 million takeover offer.
Nigerian oilman Wale Tinubu predicts electric vehicles could make up half of country’s fleet within 20 years
Oando chief Wale Tinubu predicts electric vehicles could reach half of Nigeria’s fleet within 20 years as costs drop.
Olakunle Williams' Tetracore Energy Group scales gas infrastructure, delivers measured growth
Tetracore Energy Group, led by Dr. Olakunle Williams, scales Nigeria’s CNG infrastructure as Atakobo throughput rises from 3.1 to 7.64 MMSCFD, supplying major industries including Dangote.