Gabonese oil billionaire Samuel Dossou-Aworet-backed Tullow extends Ghana licenses
Samuel Dossou-Aworet-backed Tullow extends Jubilee and TEN licenses in Ghana, securing long-term gas deals and drilling plans.
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Standard Bank, led by South African banker Sim Tshabalala, opens Egypt office
Standard Bank expands into Egypt, strengthening African trade links and supporting regional investment.
Ghana’s richest investor Daniel Ofori gains $12.3 million from GCB Bank shares
Daniel Ofori gains $12 million as GCB Bank shares rise, boosting his total holdings to $34 million in Ghana’s top lender.
Cameroonian banker Alain Nkontchou's Enko gets $30 million to scale Africa's private credit
Enko Capital secured $30 million from South Africa’s PIC to expand private credit for mid-sized African firms, boosting financing options across key sectors.
Vodacom, led by Shameel Joosub, weighs larger stake in Kenya’s Safaricom
Vodacom may increase its stake in Safaricom as Kenya explores selling part of its government share.
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges
Isabel dos Santos, Africa’s first female billionaire, cleared of three charges in Angola Supreme Court ruling.
Nigerian businessman Ernest Azudialu freed from $1 billion asset freeze
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
Ghanaian energy mogul Kevin Okyere in talks to sell oil block to state-owned GNPC
Springfield, led by Ghanaian energy mogul Kevin Okyere, explores sale of WCTP2 deepwater oil block to GNPC.
Zimbabwean tycoon Simon Rudland opens $100 million tobacco plant in Harare
Zimbabwean tycoon Simon Rudland's Cut Rag Processors opens $100 million Harare tobacco plant, expanding local production and exports.
South African executive Laurence Rapp-led Vukile finalizes $13 million upgrade of Mthatha Mall
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares slide
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares fall, reversing recent gains and reflecting cooling confidence in Morocco’s real estate market.
South African entrepreneur Lelo Rantloane’s Ata Capital offloads Novare stake in management buyout
Ata Capital exits Novare, selling 26% stake to management, marking full ownership and a new chapter for the African investment firm.
Investec, led by South African executive Fani Titi, ramps up corporate mid-market expansion
Investec ramps up mid-market growth in South Africa and the U.K., targeting stronger returns and deeper client relationships.
South African retail tycoon Giovanni Ravazzotti’s Italtile stake tops $400 million
Italtile’s share rebound lifts Giovanni Ravazzotti’s stake back above $400 million after months of pressure on the JSE.
Africa’s richest man Aliko Dangote loses $1.4 billion so far in November
Africa’s richest man Aliko Dangote sees $1.4 billion drop so far in November amid share price declines.
Nigerian insurance mogul Oye Hassan Odukale’s Leadway takes full control of PAL Pensions
Leadway, chaired by Oye Hassan Odukale, completes its acquisition of PAL Pensions, strengthening its position in Nigeria’s pension industry.