Kenyan businessman Rasik Kantaria almost $900 million richer in 2025
Kenyan businessman Rasik Kantaria adds nearly $900 million to his fortune as FMB Capital shares soar over 500 percent in 2025.
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Congolese Rawji family’s CIMKO to invest $300 million in DR Congo cement
CIMKO, partly owned by the Congolese Rawji family, plans a $300 million expansion to boost DR Congo cement output to 3 million tons.
Dubai ruler meets African billionaires as UAE courts deeper investment, energy and AI ties
Sheikh Mohammed bin Rashid told African business and philanthropic leaders the UAE sees the continent as a strategic partner for resilient, inclusive growth.
Senegalese entrepreneur Omar Cissé's Teranga Capital gets $1.8 million for SME expansion
Teranga Capital, co-founded by Omar Cissé, receives a $1.8 million Proparco guarantee to expand financing for growth-stage SMEs in Senegal.
South African tycoon Mustaq Brey’s Brimstone sells part of Oceana stake for $37 million
Mustaq Brey’s Brimstone sells part of its Oceana stake for $37 million to strengthen its balance sheet and refocus its investments.
King Mswati III, Africa’s last absolute monarch, permits northern Eswatini gold search
King Mswati III approves Eswatini Ventures to explore gold in northern Hhohho, marking a new step in the kingdom’s mining sector.
South African tycoon John Copelyn’s HCI to sell The Point Mall for $55.7 million
HCI, led by John Copelyn, to sell Cape Town’s The Point Mall for $55.7 million to reduce debt and reallocate capital.
Dis-Chem founder Ivan Saltzman to step down from executive board role in 2026
Dis-Chem founder Ivan Saltzman will step back again in 2026, ending an executive era as the family reshapes its shareholding.
20 businesses and investments owned by Mr Eazi
From emPawa to mobile-money fintech and Rwandan housing estates, Mr Eazi has quietly built a diversified portfolio far beyond the afrobeats charts.
Ghanaian tycoon Daniel McKorley urges graduates to innovate and create opportunities
Ghanaian tycoon Daniel McKorley urges graduates to innovate, solve problems and create opportunities beyond traditional jobs.
Nestoil founder Ernest Azudialu-Obiejesi faces fresh pressure as appeal stalls over who speaks for company
A court battle over who represents Nestoil delays an appeal, keeping Ernest Azudialu-Obiejesi’s accounts frozen and OML 42 stake in receivership.
Kenyan tycoon TK Muya’s Family Bank raises $61 million in oversubscribed share offer
Kenyan tycoon TK Muya’s Family Bank raised $61.8 million in an oversubscribed share offer, boosting capital to expand lending and support regional growth ambitions.
Moroccan billionaire Anas Sefrioui loses $135 million as Addoha slides
Moroccan billionaire Anas Sefrioui loses $134.9 million as Addoha shares slide, cutting the value of his majority stake below $1.03 billion.
Moroccan businesswoman Lamia Tazi’s Sothema targets CIALIS assets from Eli Lilly
Moroccan businesswoman Lamia Tazi’s Sothema aims to acquire CIALIS assets from Eli Lilly to expand specialized therapies in Africa.
Ivorian businessman Koné Dossongui's Atlantic gets $150 million financing for gold mine
Koné Dossongui’s Atlantic Group gets $150 million to buy the Tongon gold mine in Côte d’Ivoire.
Ackerman family gives up majority control of Pick n Pay as Allan Gray’s stake grows
Pick n Pay’s founding family falls below 50% control as Allan Gray ups its stake, sharpening focus on the retailer’s troubled turnaround.