James Mwangi-led Equity Group backs Kenyan farmers with tractor financing
Equity Bank joins Inchcape to finance up to 95% of tractor costs, empowering Kenyan farmers and strengthening food security.
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IFC backs Hassanein Hiridjee’s AXIAN with $62.5 million for Wananchi deal
IFC has committed $62.5 million to support Hassanein Hiridjee’s AXIAN Telecom in acquiring East African pay-TV and broadband provider Wananchi Group.
Burkinabe tycoon Idrissa Nassa’s Coris Bank Senegal gets $10 million IFC funding
Idrissa Nassa’s Coris Bank Senegal secures $10 million IFC funding to expand trade finance and strengthen its West African network.
South Africa’s richest man under fire after $21 million fine to Richemont-owned Chloé
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
Kenyan investor Baloobhai Patel’s Absa Bank shares rise to $15.9 million
Baloobhai Patel grows his Absa Bank Kenya stake to $15.9 million, deepening his influence in the lender.
Raila Odinga’s quiet business empire: energy, real estate and strategic stakes
Odinga’s passing throws fresh attention on a low-profile business empire built around energy, manufacturing and family-run holding structures.
Malagasy multimillionaire Mamy Ravatomanga escapes to Mauritius on private jet as unrest grows in Madagascar
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.
Malagasy tycoon Hassanein Hiridjee’s AXIAN Energy backs $58 million solar project in Ivory Coast
Hassanein Hiridjee’s AXIAN Energy backs a $58 million solar project in Ivory Coast to boost renewable power access.
South African billionaire Zak Calisto’s Karooooo posts $20.5 million profit in Q2 as subscriptions jump 20%
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.
Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
Moroccan royal family’s Attijariwafa Bank stake falls below $8 billion
The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
South African tycoon Mike Teke’s Seriti starts third phase of Mpumalanga wind project
Seriti Green begins construction on its third Mpumalanga wind project, boosting South Africa’s renewable energy capacity.
CIC Group, backed by Kenyan tycoon Gideon Muriuki, unveils dollar fund giving investors access to global markets
CIC Group, backed by Kenyan tycoon Gideon Muriuki, launches a dollar-based balanced fund to expand access to global investment opportunities.
Ugandan tycoon Emmanuel Katongole’s QCIL unveils new drug factory in Kampala
QCIL, chaired by Ugandan tycoon Emmanuel Katongole, has unveiled a new factory in Kampala, boosting Africa’s drug output and regional health self-reliance.
Kenyatta family’s NCBA in takeover talks with Standard Bank
The Kenyatta family’s NCBA Group may be on the verge of a takeover by Standard Bank, signaling a shift in Kenya’s financial power.
Nigerian auto magnate Innocent Chukwuma to build CNG vehicle plant in Bayelsa
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.