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.
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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.
Billionaire Christo Wiese calls Ramaphosa’s presidency ‘a disappointment’
Retail billionaire Christo Wiese says President Cyril Ramaphosa’s record is a disappointment, blaming South Africa’s political system and weak institutions for stalled reform.
Nigerian businessman Bassim Haidar snaps up One Hyde Park flat for £42 million
Reform UK backer Bassim Haidar buys cut-price One Hyde Park flat tied to bankrupt Hong Kong tycoon, betting on a long-term rebound in prime London.
Egyptian businessman Safwan Thabet’s Juhayna stake drops $71 million
Safwan Thabet’s stake in Juhayna fell by $71 million as shares slid on the Egyptian Exchange, trimming the food maker’s market cap this November.
Access Holdings, led by Aig-Imoukhuede, plans $27.7 million private placement
Access Holdings moves to raise $27.7 million in new capital as Aig-Imoukhuede strengthens the group’s growth plan.
Tomi Amosun's Summit Africa gets $20 million from IFC
Summit Africa secures $20 million from IFC to boost growth in financial services, technology and food security.
Ghanaian Pharma multimillionaire Kofi Nsiah-Poku elected president of AGI
Kinapharma chief Kofi Nsiah-Poku wins AGI presidency, succeeding Humphrey Ayim-Darke and promising tougher advocacy on power reliability, export growth and policy reforms for manufacturers.
Nicki Minaj’s $20 million home could be sold under court order
A judge may approve the sale of Nicki Minaj’s $20 million Hidden Hills home as she faces a court fight over a $503,318 debt.
ACEP warns Ghana against buying Springfield stake, putting spotlight on Kevin Okyere
ACEP urges Ghana to shelve a state purchase of Springfield’s oil stake, warning taxpayers could inherit private risk as scrutiny grows on owner Kevin Okyere.
Safaricom, led by Peter Ndegwa, launches $115.6 million tax-free green bond
Safaricom launches a $115.6 million tax-free green bond to support environmental projects and deepen its sustainability drive.
South African billionaire Koos Bekker-led Prosus invests in humanoid robot startup
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
Brett and Mark Levy’s Cell C lists on JSE at $537 million
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.