Mike Teke backs $1.1 million education program for vulnerable children in South Africa
Mike Teke’s Seriti Trust invests $1.1 million in early learning centers, boosting education access and skills for vulnerable children in mining regions.
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Zimbabwean tycoon Ken Sharpe criticizes Harare fees after $4 billion project launch
Zimbabwean tycoon Ken Sharpe urges reforms after unveiling Pomona City, a $4 billion WestProp development in Harare.
Malawian executive Jimmy Lipunga leads Illovo in $45 million loan deal
The facility, backed by majority shareholder Sucoma Holdings, will pay down part of Illovo’s $72 million liabilities, much of it owed to foreign suppliers and sister companies.
Baloobhai Patel-backed Sanlam Kenya reports sharp profit decline in first half
Sanlam Kenya, backed by Nairobi investor Baloobhai Patel, reported an 89% profit fall in H1 2025 as rising expenses outweighed investment gains.
U.S.-Nigerian mogul Sam Darwish’s stake in IHS nears $90 million
Sam Darwish’s stake in IHS Towers approaches $90 million as the NYSE-listed telecom company climbs 137% in 2025 on growth in Africa and Brazil.
Cameroon’s richest woman loses cocoa export crown after Cargill split
Kate Fotso’s Telcar Cocoa lost its top spot in Cameroon’s cocoa trade after ending a two-decade partnership with U.S. giant Cargill.
KCB Group, led by Kenyan banker Paul Russo, eyes Ethiopia entry
KCB Group, led by Paul Russo, is eyeing entry into Ethiopia’s newly opened banking sector, weighing acquisitions and foreign ownership exemptions.
Naguib Sawiris overtakes brother Nassef as Egypt’s richest man
Naguib Sawiris’ fortune hits $9.13 billion, edging past brother Nassef’s $9.03 billion in Bloomberg’s latest ranking.
Khalil’s stake in Egypt’s Raya nears $50M as profit climbs 36%
Raya Holding’s profits jumped 36% in the first half of 2025, boosting founder Medhat Khalil’s stake in the Egyptian investment firm to nearly $50 million
6 businesses Megan Thee Stallion is building into her empire
The Grammy-winning rapper is building an empire with these six ventures.
South African pharma tycoon Stephen Saad loses $44 million from Aspen stake
Aspen Pharmacare shares slide 33 percent, cutting Stephen Saad’s stake by $44 million amid global pharma pressures.
Malawian billionaire Thom Mpinganjira's FDH Bank posts $34 million profit in H1 2025
FDH Bank’s profit nearly doubles to $35 million on higher interest income and loan growth in the first half of 2025.
Malawian tycoon Vizenge Kumwenda's NICO Holdings stake now worth $34 million
Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake has surged to $34.34 million in 2025 as shares on the Malawi Stock Exchange rally 176.7%.
Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Nigerian tycoon Segun Lawson, partners hold $40 million stake in nation’s top gold mine
Riding record profits from its Nigerian mine, Thor Explorations’ stock has soared nearly 270%, boosting the fortune of its founder, Segun Lawson and his Nigerian partners.
Femi Otedola’s memoir climbs to No. 3 on Amazon UK best-seller list
Just days after release, Femi Otedola’s debut memoir Making It Big has surged to the top tier of Amazon’s business biography rankings.