South African billionaire Michiel Le Roux’s Capitec targets SMEs with fintech push
Capitec Bank partners with fintech startup Stub to give small businesses real-time access to banking data and boost South Africa’s SME growth.
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Nigeria’s billionaires build family offices to cement legacies and expand global reach
Family offices remain nascent in Nigeria, but a small cohort of billionaire-led vehicles are setting the tone with deals spanning oil & gas, power, finance and tech.
South African billionaire Gutsche family exits Coca-Cola Beverages Africa in $3.4 billion deal
Gutsche Family Investments cedes 33.5 per cent of Africa’s largest Coca-Cola bottler in a US$3.4 billion deal with Coca-Cola HBC, marking a strategic shift for the Swiss-based family’s African holdings.
Kanye West sells Wyoming ranch back to its original owners for $14 million
Kanye West has sold his 6,713-acre Wyoming ranch back to its original owners for $14 million, closing a five-year chapter of ambition and retreat.
American-Burkinabe banker Simon Tiemtoré's Vista Group gets $34 million to aid West African SMEs
Vista Group, led by banker Simon Tiemtoré, gets $34.8 million from the EIB to expand SME financing in Guinea and Sierra Leone, aiding women and youth.
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint raises $90 million for expansion
Moniepoint, founded by Nigerian entrepreneur Tosin Eniolorunda, has raised $90 million to drive its African expansion and strengthen global fintech operations.
Namibian tycoon Sven Thieme’s O&L sells clean energy stake to Belgium’s CMB.TECH
Namibian tycoon Sven Thieme’s O&L sells its Cleanergy stake to Belgium’s CMB.TECH, advancing Namibia’s green hydrogen ambitions.
Nigerian lawyer Gbenga Oyebode-led Okomu Oil sees profit double on $118 million revenue
Okomu Oil’s profit more than doubled to $41.1 million as revenue hit $118 million, reflecting strong demand and disciplined management under Gbenga Oyebode.
South African banker Johan Burger gains $5 million from FirstRand stake
Johan Burger’s FirstRand stake rises by $5 million as the bank’s shares jump over 11% on the JSE, lifting his total holdings to about $24 million.
NCBA, backed by Kenya's richest families, unveils $6 million digital banking
NCBA unveils a $6 million digital platform with Intellect Global to enhance corporate banking and expand its digital reach in Kenya.
Aliko Dangote's refinery gears up to supply 310 million liters of petrol
Dangote refinery prepares 310 million liters of petrol for loading amid soaring fuel prices in Nigeria.
Michael Georgiou exits Accelerate Property Fund after shareholder opposition
Accelerate Property Fund has cut ties with founder Michael Georgiou after 97% of shareholders rejected his return to the board at its annual meeting.
Nigerian cocoa magnate John Alamu taps capital markets to raise $67.5 million for Johnvents expansion
John Alamu is turning to Nigeria’s capital markets to fund the next phase of Johnvents Industries’ cocoa processing and export expansion.
South African mogul Terrence Moolman gains $29 million from Caxton shares
South African media mogul Terrence Moolman gains $29 million as Caxton & CTP shares rise on the Johannesburg Stock Exchange, reflecting renewed investor confidence.
Desterio Oyatsi, the Kenyan lawyer with a $14 million stake in NCBA Group
Kenyan lawyer Desterio Oyatsi’s $14 million NCBA stake highlights his decades of influence in law and business.
Zimbabwean billionaire Strive Masiyiwa’s net worth falls $100 million to $1.2 billion
Zimbabwe’s richest man, Strive Masiyiwa’s fortune drops by $100 million as market slide trims his net worth to $1.2 billion.