Johann Rupert's Remgro is building the market that ends Eskom's 103-year monopoly
Energy Exchange of Southern Africa, created by Johann Rupert's Remgro, is building the trading platform for a fully liberalised South African electricity market.
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Nigerian entrepreneur Ladi Delano sold Chinese vodka, then built a $2.1 billion mobility company
Ladi Delano sold a Chinese vodka brand, announced a $1 billion Nigerian mining venture that never materialised, and has now raised $250 million for Moove.
Zimbabwe's wealthy Levy family is fighting in court over Harare's best-known shopping village
The wealthy Zimbabwean family behind Harare's best-known shopping village is fighting in court over unpaid dividends and a $15 million debt.
A vehicle that bought First HoldCo shares at ₦31 is selling them at ₦110
RC Investment Management is selling 10.4 billion First HoldCo shares at ₦110, having bought them at ₦31 last year. The bank receives no proceeds.
Forbes counts one Tanzanian billionaire, but three others are writing nine-figure cheques
Forbes lists one Tanzanian billionaire. Three others have committed hundreds of millions to acquisitions in the past two years, exceeding their published valuations.
Jens Montanana's Datatec makes fourth acquisition of the year with New Mexico deal
Datatec's Logicalis USA has acquired Loial, a New Mexico cybersecurity provider, in the group's fourth acquisition since January. No price was disclosed.
Ivorian billionaire Jean Kacou Diagou's foundation to fund schools the government will run
The NSIA Foundation, part of Jean Kacou Diagou's banking and insurance group, will finance school building in Côte d'Ivoire while the state supplies staff.
Nigerian billionaire Aliko Dangote's refinery seeks $5 billion in Africa's biggest share sale
Dangote's refinery aims to raise $5 billion in an October listing, with exchanges in Kenya, South Africa, Egypt, Ghana and Rwanda seeking a role.
Umeme, Uganda's former power monopoly chaired by Patrick Bitature, has lost 85% of its value
Umeme shares have fallen about 85% since its Ugandan concession ended, and the company says it has no operating revenue and expects another loss.
How the Giachetti family of Italy built a $439 million property portfolio in Botswana
An Italian family that built Naples railway stations in 1916 now runs Botswana's largest listed property fund, with assets across seven countries.
Tope Shonubi's Sahara deploys a 380,000-barrel tanker to speed crude exports from OML 18
Sahara Upstream has deployed a 380,000-barrel tanker at OML 18, its second mother vessel, named after the executive who ran its Kenya business.
Moroccan King Mohammed VI names $1 billion Western Sahara highway after Donald Trump
King Mohammed VI has confirmed Morocco's 1,055km Tiznit-Dakhla expressway, built at close to $1 billion, will be called the Donald J. Trump Highway.
Nigerian tycoon David Olurin's Cardinal Torch is betting $4.5 million that Nigeria can stop exporting raw cashews
David Olurin's Cardinal Torch is building a $4.5 million cashew plant at Sagamu, chasing the processing income Nigeria currently exports to Vietnam and India.
Zimbabwe's Zed Koudounaris and Michael Fowler turned a Harare chicken shop into a $1.3 billion empire
Zed Koudounaris and Michael Fowler built a Harare chicken shop into four separately listed companies with a combined market value above $1.3 billion.
Swiss bank UBS fined a record $125 million after admitting it failed to vet wealthy clients
UBS has admitted willfully violating US anti-money laundering law after failing to check the source of wealth of high-risk clients it served.
South African billionaire Robert Gumede targets Illovo months after rescuing rival Tongaat Hulett
Robert Gumede's Vision Sugar has approached Associated British Foods about acquiring Illovo Sugar, months after rescuing its largest southern African rival.