Kenyan investor Baloobhai Patel buys more Absa Bank shares worth $4.8 million
Kenyan investor Baloobhai Patel boosts Absa Bank stake by $4.8 million, increasing his holdings to 1.72 percent.
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Billionaire Ogunlesi eyes major investments in Nigeria’s ports and aviation
Billionaire Adebayo Ogunlesi plans fresh investments to boost Nigeria’s ports, aviation, and energy landscape.
Algerian-born French beauty mogul Sue Nabi loses $38 million from Coty stake
Coty shares fall 23%, cutting Sue Nabi’s stake by $38 million as the beauty company faces weaker sales and investor caution.
Nigerian aviation mogul Chukwuerika Achum’s Falcon Aero gets $10 million boost for VivaJets
Falcon Aero secures $10 million for VivaJets to expand fleet, retire debt, and boost air connectivity across Africa.
Raxio, led by Danish executive Robert Skjødt, unveils Angola’s largest data center
Raxio Group, led by Danish executive Robert Skjødt, launches Angola’s largest data center, boosting digital capacity and internet speed.
South African billionaire Michiel Le Roux set for $20 million Capitec dividend
South African billionaire Michiel Le Roux set for $20.08 million payout as Capitec lifts dividend on strong earnings.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Ugandan multimillionaire Patrick Bitature gets temporary relief in $10 million loan fight
Uganda’s top court paused enforcement of a $10 million award against businessman Patrick Bitature, giving him temporary relief in his long-running loan dispute.
JSE slams Namibian businessman’s Trustco for ‘unacceptable’ conduct in mining sale
The JSE imposed a ZAR 5 million fine on Trustco and flagged “unacceptable” conduct tied to the sale of its mining arm without shareholder consent.
Malagasy tycoon Mamy Ravatomanga calls for calm during nationwide non-violence observances.
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.
Moroccan tycoon Youssef Moamah’s CMGP acquires CPCM for $110 million to create chemical-agriculture giant
Multimillionaire Youssef Moamah leads CMGP’s bold push, acquiring 92.5% of CPCM in a MAD 1 billion ($110 million) deal to expand his chemical-agriculture empire.
Flutterwave’s GB Agboola bets on stablecoins to power Africa’s next fintech boom
Flutterwave CEO Olugbenga “GB” Agboola unveils a strategy to make stablecoins central to Africa’s payment future, linking it to the continent’s youth-driven fintech boom.
Nigerian oilman Wale Tinubu gets lifetime award at Africa Energy Week as local champions gain spotlight
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Elon Musk’s Starlink, Cisco boost Rwanda’s tech expansion
Starlink and Cisco team up with Rwanda to build a gateway, expand connectivity and train millions for the digital economy.
Morocco’s King Mohammed VI launches $33 million mental health project
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Serena Williams takes new role mentoring early-stage VC founders
Serena Williams takes a new role mentoring early-stage founders, supporting women and diverse entrepreneurs through social impact investing.