Malagasy tycoon Hassanein Hiridjee’s AXIAN joins Mastercard to boost Africa payments
AXIAN and Mastercard team up to deliver safer digital payments and boost financial inclusion in Africa.
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Africa's richest man, Aliko Dangote, to triple fertilizer output in Nigeria
Aliko Dangote aims to triple Nigeria’s fertilizer output to 9 million tons, expanding operations and boosting exports.
Kenya turns to China for $1.5 billion after Nigerian businessman Tony Elumelu’s $1 billion pledge
Kenya moves ahead with a $1.5 billion highway deal after Tony Elumelu’s $1 billion pledge to support new infrastructure projects.
Nigerian tycoon Ernest Azudialu-Obiejesi in pains as as receiver retakes Nestoil tower over $1 billion debt
Ernest Azudialu-Obiejesi is locked in a $1bn debt fight as Nigeria’s Court of Appeal backs lenders and a receiver’s return to Nestoil Tower.
Madagascar tycoon Mamy Ravatomanga detained in Mauritius over financial fraud
As Mamy Ravatomanga wakes up behind bars in Mauritius, a looming court hearing could shift his fight from VIP custody to tougher ground.
Nigerian billionaire Femi Otedola’s First HoldCo completes FBNQuest sale
First HoldCo, chaired by Femi Otedola, finalizes FBNQuest sale, streamlining operations and shifting ownership to EverQuest group.
Centum, backed by Kenya’s Kirubi family, posts $2.5 million half-year loss
Centum reported a $2.52 million loss for the half-year ended Sept. 30, 2025, as weaker sales and uneven economic conditions weighed on performance.
Dangote Refinery to pump 1.5 billion litres of petrol monthly to steady Nigeria’s fuel supply
Dangote Refinery says it will pump 1.5 billion litres of petrol a month from December to keep Nigeria wet through the holidays.
Late Kenyan poultry tycoon Nelson Muguku’s family in court fight over grandchildren’s upkeep
Years after chicken mogul Nelson Muguku died, his ex-daughter-in-law is in court demanding the family trust fully support two grandchildren.
Kenyan tycoon Paul Wanderi Ndung'u loses big as London court clears SportPesa, slaps him with $2.9 million bill
London’s High Court tossed out Paul Wanderi Ndungu’s fraud case over SportPesa shares and slapped him with a Sh375 million costs bill.
30 Indian billionaires who made a fortune in Africa
Indian and Indian-origin entrepreneurs have turned tiny shops and trading posts into some of Africa’s biggest empires.
Zimbabwean billionaire Strive Masiyiwa warns young Africans against flashy living
Strive Masiyiwa has urged young Africans to stop chasing “Mbinga culture,” warning that conspicuous consumption can wreck real wealth building and children’s futures.
Inside Hassanein Hiridjee’s $1.8 billion bid to turn Axian into an African telecom giant
From Tanzania’s mobile networks to Kenyan fibre and a new digibank push, Axian is Hiridjee’s vehicle for a continent-wide telecom land grab.
South African billionaire Jannie Mouton gets green light to buy Curro for R7.2 billion
South African billionaire Jannie Mouton’s foundation wins approval to buy Curro for R7.2 billion, turning the country’s biggest private school group nonprofit.
Aspen Pharmacare investors eye CEO’s $1.2 million pay after weak results
Aspen investors head into December AGM after years of weak earnings and share losses, ready to question whether CEO pay still makes sense.
Tanzanian tycoon Edha Nahdi acquires stake in East African Portland Cement for $12 million
Tanzanian tycoon Edha Nahdi’s Kalahari Cement moves to buy NSSF’s Sh1.6 billion stake in East African Portland, tightening its grip on Kenya’s cement market.