Peter Ndegwa-led Safaricom invests $777 million in Kenyan suppliers
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.
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Glencore, led by Gary Nagle, gets $395 million Australian backing for copper smelter
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.
How Kenyan billionaire Abu Joho built a port empire—and why the courts are pushing back
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.
Nigerian billionaire Kunle Soname’s ValueJet makes historic first flight from Ogun’s new Gateway Airport
Kunle Soname’s ValueJet operated the first commercial flight from Ogun’s Gateway International Airport on February 26, 2024, marking a step for private aviation.
Africa’s richest man Aliko Dangote plans fresh investments in Senegal
Aliko Dangote meets Senegal’s President Faye in Dakar to discuss new investments after launching a $2.5 billion fertilizer plant in Ethiopia.
Tetracore Energy Group announces the appointment of Dayo Williams to Managing Director, subsidiaries
Tetracore Energy Group has appointed Mr. Dayo Williams as Managing Director of its subsidiaries, reinforcing the Group’s commitment to leadership excellence and innovation in Africa’s energy sector. With
Tagaddod, led by Egyptian entrepreneur Nour El-Assal, raises $26 million for regional expansion
Tagaddod raises $26.3 million led by the Arab Energy Fund to scale its renewable feedstock operations across the Middle East and Europe.
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint UK arm faces $1.2 million loss
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.
Nairobi-based entrepreneur Farouk Ramji drives Mawingu to $20m funding success
Mawingu Networks raises $20 million from Pembani Remgro to expand affordable internet across Kenya and Tanzania under CEO Farouk Ramji.
Aspen’s market slide wipes $20 million off Stephen Saad’s stake
Stephen Saad’s Aspen Pharmacare stake drops by $20 million as the company’s stock slips 6 percent on the Johannesburg Stock Exchange (JSE).
Nigerian billionaire TY Danjuma's family office trims loss in 2024, keeps $114 million asset base
Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Egyptian billionaire Yasseen Mansour's Palm Hills posts $3.8 billion sales in 9 months
Palm Hills Developments, led by Yasseen Mansour, saw sales jump 40% to $3.8 billion in nine months, marking another record for the Cairo developer.
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Ivorian tycoon Koné Dossongui to buy gold mine for $305 million
Koné Dossongui is expanding his business empire into gold mining through a $305 million deal with Canadian miner Barrick Gold for the Tongon mine in Côte d’Ivoire.
Naguib Sawiris becomes Egypt’s first billionaire worth $10 billion
Egyptian billionaire Naguib Sawiris has become the country’s first to surpass $10 billion in net worth, driven by a surge in gold prices boosting his mining assets.
Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake falls below $90 million
Kessington Adebutu’s Wema Bank stake drops below $90 million as shares fall amid selling pressure on the Nigerian Exchange.