MTN, led by Zimbabwean executive Ralph Mupita, drawn into Iran shutdown
MTN, led by Zimbabwean executive Ralph Mupita, is caught in Iran’s internet shutdown after officials replaced its local chief without notice.
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Nigerian billionaire Arthur Eze’s Atlas Oranto cites $45 million investment before Senegal license loss
Atlas Oranto spent $45 million on Senegal exploration and staff training before the government revoked its offshore license.
Kenyan businessman Ahmed Hashi's Hashi Energy loses bid to introduce new evidence in $55.7 million tax case
Kenyan fuel trader Hashi Energy lost a bid to add new evidence in its $55.7 million tax dispute with Kenya’s revenue authority.
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
Shoprite, partly owned by Christo Wiese, hits 100th solar site, seeks new partners
Shoprite reaches its 100th solar site in South Africa, boosting renewable power while seeking new energy wheeling partners.
Safaricom, led by Peter Ndegwa, wins central bank approval for 15% stake sale
Safaricom, led by Peter Ndegwa, wins CBK approval to sell 15% of government stake, raising $1.6 billion for Kenya’s treasury.
Aliko Dangote’s refinery benefits as Europe, U.S. shut fuel plants
Aliko Dangote’s refinery gains global importance as U.S. and European shutdowns tighten fuel supply in the Atlantic Basin.
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
Ugandan billionaire Sudhir Ruparelia kicks off Kingdom Kampala expansion with 21-storey tower and helipad
Ugandan tycoon Sudhir Ruparelia is moving ahead with phase two of Kingdom Kampala, anchored by a 21-storey tower and rooftop helipad.
How Nigerian businessman Denzel Henry Akogwu built Elipse International Ltd into one of Africa’s Rising Mining and Mineral Powerhouses
Elipse International Ltd is a leading Nigerian indigenous mining and mineral trading company offering integrated exploration, processing, testing, logistics, and export.
Patrice Motsepe joins world’s top 1,000 richest as net worth tops $4 billion
Patrice Motsepe enters the world’s top 1,000 richest as his net worth climbs above $4 billion, driven by gains in mining and investments.
Turkish steel billionaire Fuat Tosyali presses Brussels to lift quotas on Turkey and Algeria as EU tightens import net
Fuat Tosyali wants Brussels to lift steel quotas on Turkey and Algeria, arguing Europe needs low emission supply as safeguards tighten.
Olakunle Williams' Tetracore Energy Group honoured with first indigenous energy excellence & strategic award by Nigeria House Davos
Tetracore Energy Group has received the Indigenous Energy Excellence & Strategic Award from Nigeria House Davos, recognising its impact on Nigeria’s gas and power infrastructure and indigenous leadership.
South African executive Laurence Rapp-led Vukile buys 35% of Pradera in $5.9B deal
South African executive Laurence Rapp-led Vukile acquires 35% of Pradera in $5.9 billion deal, expanding its retail reach globally.
Nigerian businessman Tony Elumelu joins Seplat Energy as non-executive director
Seplat said Tony Elumelu’s experience will strengthen board oversight as the company pursues growth in Nigeria’s evolving energy market.
Tanzanian billionaire Rostam Aziz nears $130 million LPG terminal completion
This reflects a major step in his effort to expand LPG supply across East Africa while easing long-standing pressure on the region’s energy infrastructure.