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Coleman Technical Industries managing director George Onafowokan says Nigeria's $1 trillion economy target by 2030 is achievable but hinges entirely on manufacturing, affordable power and patient capital.
Christo Wiese, who built Africa's largest retailer, says Pick n Pay fell behind for one reason: it paid dividends instead of reinvesting. And MSC, the world's biggest shipping line, has committed to a 45-year, billion-dollar terminal at Maher Jarmakani's private Lagos port.
Most people have never heard of Hassanein Hiridjee, and that is rather the point. From a family business in Madagascar, he has quietly built Axian into one of Africa's largest telecoms and energy groups, and is now positioning around Jumia, the continent's biggest online retailer.
Christo Wiese chaired Shoprite for 29 years as it became Africa's largest retailer. This week he explained why its great rival fell behind: Pick n Pay, he said, spent decades handing cash to shareholders instead of reinvesting it.
MSC, the world's largest shipping line, has committed to a 45-year terminal at Maher Jarmakani's Snake Island Port in Lagos — part of a Nigerian infrastructure bet it puts above $1 billion. Inside a deal that quietly reshapes Nigerian trade.
Hassanein Hiridjee's Axian has backed Jumia's $50 million raise alongside the World Bank's IFC, as the e-commerce group narrows its losses.
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
Adeyemi Ajao's Base10 Partners led a $17.5 million round in Axle, which clears more than $100 billion in insurance coverage a year.
Vodacom named Khumo Shuenyane to succeed Saki Macozoma as chairman in 2027 and appointed former Airtel Africa CEO Segun Ogunsanya to its board.
Kenya's Co-operative Bank, led by Gideon Muriuki, lifted half-year net profit 28% to $139 million on higher interest and fee income.
AfDB-backed Africa50 has secured $50 million from two European development finance institutions for a fund targeting $400 million to unlock $10 billion in green infrastructure investment across Africa.
Ibrahim Mahama's Damang Gold Mine has employed nearly 400 locals in its first four months of operation, with an airstrip, road corridor and sports facilities already taking shape in surrounding communities.
Rihanna's Fenty Beauty has opened its first Australian concept store inside Myer Melbourne, marking the brand's fourth concept store globally and its deepest retail push yet into the Australian market.
Christo Wiese says Pick n Pay's habit of paying out cash rather than reinvesting left it unable to keep pace with Shoprite.
The High Court of Tanzania removed the claim from its roll over unjoined parties, leaving the underlying allegations against Patrice Motsepe's companies undecided.
Oriental Weavers, controlled by Egypt's Khamis family, nearly doubled quarterly profit as US and European buyers offset weak demand at home.