How Jeff Bezos investments in Africa are taking shape through Amazon, AWS, and Fintech
Jeff Bezos investments in Africa show up in two big levers, Amazon marketplaces and AWS cloud, plus a selective fintech bet.
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Anthony Joshua faces $66 million tax after blockbuster fight
US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.
Meet Ken Clark, the South African entrepreneur selling Twizza for $125 million
From a five cow start in Dordrecht, Ken Clark built Crickley and Twizza. Now a ZAR 2.095 billion sale crowns the run.
Nigerian banker Jim Ovia’s Zenith Bank stake hits $220 million
Nigerian banker Jim Ovia’s Zenith Bank stake rises above $220 million after a recent share rally.
Ghanaian entrepreneur Gregory Rockson’s mPharma gets funding to accelerate healthcare access
Ghanaian entrepreneur Gregory Rockson’s mPharma raises investment to expand medicine access across West Africa.
Folorunso Alakija says $23 million hospital will save lives, train doctors
Folorunso Alakija donates $23 million hospital to Osun State University to train doctors and provide specialist care.
Kenyan billionaires Abu Joho, Mohammed Jaffer pulled into defamation case over port rivalry
A defamation trial over a WhatsApp letter accusing Abu Joho of drug trafficking has raised allegations about Mohammed Jaffer, still unproven.
Tanzanian tycoons Ally Edha Awadh and Rostam Aziz grow Kenya's LPG presence
Tanzanian tycoons Ally Edha Awadh and Rostam Aziz grow Kenya’s LPG sector after courts approve Lake Gas and Taifa Gas projects.
After N30 billion staff award, BUA founder Rabiu shares rare holiday moment
Nigerian billionaire Abdul Samad Rabiu shares a rare holiday moment days after BUA awarded staff N30 billion in cash incentives.
Nigerian businessman Ladi Jadesimi loses $5.9 million on Aradel stake
Ladi Jadesimi loses $5.9 million on Aradel stake as shares decline, trimming earlier gains in Nigeria’s energy sector.
Indian billionaire Anil Agarwal’s Vedanta seeks $500 million for Zambia copper
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
African unicorn Flutterwave eyes 2026 profitability, leans into stablecoins
Flutterwave CEO GB Agboola says the fintech is nearing profitability, betting on stablecoins and trade corridors after raising at least $475 million.
How Kenyan entrepreneur Sujay Shah built a $95 million food powerhouse in Toronto, Canada
From a garage-built legacy to vertical integration, Sujay Shah shares how Scale Foods grew from six people into a $95M, privately owned supplier to Fortune 500 CPG brands—without losing its East African values.
Tony Elumelu’s Heirs Energies secures $750 million from Afreximbank to drive long-term growth
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Dangote refinery drives 28 percent drop in Nigeria petrol prices
Dangote Refinery cuts Nigeria petrol prices 28 percent, easing inflation and boosting holiday fuel supply.
Yomi Jemibewon’s CardinalStone secures $15 million from IFC to scale SMEs in West Africa
CardinalStone Capital Advisers has secured up to $15 million from IFC to back fast-growing SMEs across Nigeria, Ghana and Francophone West Africa through its Growth Fund II.