Sergio Tati’s Anda gets $3.5 million to transform Angola’s motorcycle transport
Angolan startup Anda, co-founded by entrepreneur Sergio Tati, raised €3 million ($3.5 million) to formalize and finance the country’s motorcycle taxis.
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Nigerian entrepreneur Olanrewaju Olaniyan’s Siatech Africa builds Liberia’s first solar city
Olanrewaju Olaniyan’s Siatech Africa launches Liberia’s first solar city, merging clean energy with digital growth across West Africa.
Ama Amo-Agyei’s Plantmade once raced to £11m sales — now the founder exits after administration
Plantmade, the viral hair-care brand founded by Ama Amo-Agyei, entered administration owing about £1.8 million and was sold for £30,000 in a pre-pack to Crown Holdings, which has invested to clear back orders and retain jobs. UK coverage previously put the brand on track for £11 million in revenue.
Aliko Dangote may sell stake as NNPC seeks larger share in $20 billion refinery
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.
Tony Elumelu’s Transcorp relocates turbines to lift Nigeria’s power supply
Tony Elumelu’s Transcorp has relocated four turbines to Delta State to boost power generation as gas supply improves across Nigeria.
South African billionaire Johann Rupert loses $800 million as Richemont faces EU fine, market slump
South African billionaire Johann Rupert’s fortune drops by $800 million as Richemont faces an EU antitrust fine and cooling luxury demand.
Bassim Haidar’s Optasia stake jumps to $260 million on JSE debut
Optasia rose on its Johannesburg debut after pricing at the top of the range. Founder Bassim Haidar’s BH Holdings owns 19.01% — about 234.8m shares — now valued at roughly R4.55bn ($260m). The AI microfinance firm partners with telcos and banks to deliver small-ticket credit at scale.
Christo Wiese-linked Pepkor completes $98.2 million purchase of Retailability brands
Pepkor, linked to Christo Wiese, completes $98.2 million acquisition of Retailability brands, expanding across Southern Africa.
Nigeria’s president praises billionaire Femi Otedola on his 63rd birthday
President Bola Ahmed Tinubu sent birthday wishes to Geregu Power chairman Femi Otedola, applauding his “visionary entrepreneurship,” energy-sector investments, and philanthropy in education, healthcare, and youth programs.
Agosta Liko’s Pesapal lands KCB investment, resetting Kenya’s payments race
KCB Group plans to take a minority stake in Pesapal, the payments company founded by Agosta Liko in 2009. The tie-up gives Kenya’s biggest bank a foothold in merchant acquiring and digital rails, while Pesapal gains capital and distribution to scale across hospitality, travel, and SME retail.
8 businesses owned by South African multimillionaire Iqbal Survé
South African entrepreneur Dr Iqbal Survé turned a tiny seed-capital investment into a sprawling holding company that spans media, technology, fishing, healthcare and events
Zimbabwean legendary banker Nicholas Vingirai warns nation’s financial sector faces collapse
Veteran banker Nicholas Vingirai says Zimbabwe’s financial sector has been “destroyed” by policy inconsistency and shrinking credit capacity, warning that local banks no longer fund productive business.
Kenyan businessman Peter Munga locked in $5 million share feud with wife
Kenya’s Peter Munga is in a $5 million legal fight with his wife over Britam shares tied to a bank loan dispute.
Egyptian billionaire Naguib Sawiris' net worth drops below $10 billion amid gold decline
Naguib Sawiris’ net worth dips below $10 billion as falling gold prices cut $170 million from his fortune.
Egyptian billionaire Mohamed Mansour breaks ground on $150 million Cairo vehicle plant
Mohamed Mansour starts work on a $150 million eco-friendly vehicle factory in Cairo to boost Egypt’s car manufacturing capacity and create thousands of jobs.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI seals $38 billion cloud deal
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, signs $38 billion AWS deal to boost ChatGPT’s global AI expansion and computing power.