Tanzanian billionaire Said Bakhresa opens $100 million soya plant in Malawi
$100 million plant to process 500 tons of soya daily, boost Malawi’s agriculture, and reduce reliance on imported cooking oil.
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Aliko Dangote's $20 billion refinery to process all Nigerian crude by year-end
Africa’s largest refinery eyes 100% local sourcing, boosts fuel self-sufficiency and cuts costly imports.
South African businessman Barry Swartzberg’s Discovery stake rises by $12 million
Barry Swartzberg's Discovery stake gains $12.4 million in 15 days as shares rally 4% on the JSE.
Senegal cancels Akon’s multibillion-dollar city, reclaims land for new $1.2 billion resort plan
Senegal cancels Akon City over delays and unveils a $1.2 billion resort plan in Mbodiène to attract investors and create 15,000 jobs.
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
French billionaire Pierre Castel’s beverage empire takes control of Guinness Ghana in $100 million deal
Ghanaian businessman Kevin Okyere’s Springfield denies fraud allegations in $100 million dispute
Kevin Okyere’s Springfield rejects fraud claims, citing due diligence and unresolved funding terms with Petraco.
Nigerian oil billionaire Muhammadu Indimi to earn $600,000 Jaiz Bank dividend
Indimi, who holds nearly 13.1 billion shares—equal to a 29.36 percent stake, is the largest shareholder in Jaiz Bank, the first Islamic bank in Nigeria.
10 Black Multimillionaires Who Built Tech Unicorns
From Lagos to London, Atlanta to Silicon Valley, meet 10 black entrepreneurs who have founded, built and scaled tech companies to billion-dollar valuations.
South African executive Gary Nagle leads Glencore’s copper deal with Philippines’ Villar family
The move comes as global copper smelting faces unprecedented pressure from record-low processing fees and overcapacity.
South African property tycoon Barry Stuhler’s Lighthouse acquires $159 million mall in Spain
Lighthouse Properties acquires Espacio Mediterráneo mall in Spain for $159.2 million, expanding its Iberian footprint and strengthening its retail strategy.
Africa’s richest man Aliko Dangote outlines expansion plans for $3 billion fertilizer plant
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
Egypt's Naguib Sawiris to invest $100 million in electric motorbike project in Morocco
Naguib Sawiris backs $100 million plan to electrify Morocco’s motorbike transport through affordable battery leasing with BluEV.
Ghanaian businessman Ibrahim Mahama seals $100 million gold financing deal
Ibrahim Mahama’s $100 million deal backs Ghana’s first large-scale, locally owned gold mine, shifting control from foreign to local hands.
American-Burkinabe banker Simon Tiemtoré's Vista Group buys Société Générale Burkina Faso
The deal strengthens Vista’s position in the West African nation, reinforcing its ambitions to build a continent-spanning financial powerhouse.
South African billionaire Michiel Le Roux’s Capitec stake rises to $2.6 billion
Michiel Le Roux’s Capitec stake climbs to $2.64 billion after a strong share rally, adding $105 million in two weeks.
Hisham Talaat Moustafa leads TMG to record $4.3 billion sales in H1 2025
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.