Indian billionaire Anil Agarwal’s Vedanta commits $1.5 billion to Zambian mine
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
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Bill Gates foundation pledges $1.4 billion for farming in Africa, Asia
Bill Gates Foundation pledges $1.4 billion to support farmers across Africa and Asia with climate-resilient innovations and food security programs.
Cameroonian tycoon Paul Fokam moves to launch Afriland First Bank in Chad
Cameroonian banker Paul Fokam plans to open Afriland First Bank subsidiary in Chad, expanding the group’s regional presence.
South African mining tycoon Neal Froneman gains $6 million from Sibanye stake
Neal Froneman gains $6 million from his stake in Sibanye-Stillwater as the company's shares surge 221 percent in 2025.
Naivas, controlled by Mauritian tycoon Arnaud Lagesse-led IBL, posts $19 million profit
Naivas, Kenya’s biggest retailer now led by Mauritius-based IBL Group, posted a 43% profit jump to $19 million in 2025 despite economic headwinds.
Billionaire El-Sewedy family launches major industrial zone in Egypt
Egypt’s El-Sewedy family partners with Arabia Developments to launch a major industrial zone in New 6th of October City.
Johann Rupert, South Africa’s richest man, loses nearly $1 billion in two weeks
Johann Rupert’s net worth falls nearly $1 billion as Richemont shares drop after EU fines on Chloé and other luxury brands.
Kenyan banker James Mwangi-led Equity Group nine-month profit rises to $420 million
The solid performance reinforces the lender’s position among Africa’s most profitable financial services groups.
Nigerian billionaire Indimi bets $315 million on new offshore vessel to lift oil output
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.
Kenyan tycoon Peter Munga’s wife stops Britam share sale
Kenyan court halts sale of 75 million Britam shares as Peter Munga’s wife claims joint ownership.
Nigerian pharma tycoon Fidelis Ayebae’s stake surges past $21 million
Fidelis Ayebae’s Fidson stake tops $21 million after a 158% stock rally, driven by growing demand for local drugs.
Kenyan tycoon David Langat eyes 2027 Governor bid in Nandi
Rift Valley tycoon David Langat says he may run for governor in 2027—likely in Nandi or Uasin Gishu—if grassroots support coalesces behind him.
Mary Vilakazi-led FirstRand flags extra UK provision risk
FirstRand warns of a possible extra UK provision as tensions rise with the Financial Conduct Authority.
Cosmas Maduka: If Coscharis were listed, I’d be worth $5 billion
Nigerian entrepreneur Cosmas Maduka says Coscharis Group could make him worth $5 billion, reflecting decades of business growth and influence.