Sanlam, backed by billionaire Motsepe, to acquire medical devices firm Medhold
Sanlam, backed by South African billionaire Patrice Motsepe, is acquiring Old Mutual’s Medhold, expanding its footprint in Africa’s fast-growing healthcare sector.
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Nigerian-Lebanese tycoon Bassim Haidar plans $365 million IPO in South Africa with AI Fintech Optasia
Bassim Haidar is betting big on African fintech, planning South Africa’s largest IPO of 2025 to fund Optasia’s global expansion.
Tribunal resets control of Directline, impacting Kenyan media mogul SK Macharia
Tribunal resets Directline control, impacting SK Macharia and reinstating the insurer’s February 2023 ownership structure.
Mombasa tycoon Mohamed Jaffer faces new court battle over held wheat imports
Mohamed Jaffer’s Bulkstream Limited sued by Pan Afric Commodities over 1,514 tonnes of wheat held at Mombasa Port.
Nigerian billionaire Muhammadu Indimi pledges to invest $250 million in Bauchi
Oil magnate Muhammadu Indimi vows to invest $250 million in Bauchi State as Tinubu urges global investors to seize Nigeria’s growth moment.
Discovery CEO Adrian Gore, top executives cash out $5 million in shares
Discovery CEO Adrian Gore and senior executives offloaded nearly R100 million in shares, sparking debate over insider sentiment at the South African financial giant.
Cameroon’s richest man to pocket tiny dividend from cotton producer Sodecoton
Sodecoton okays a 500 million CFA ($810,000) dividend as Cameroon lifts its stake to 89%, leaving Baba Ahmadou Danpullo’s SMIC with 11% and steady cashflows.
Madagascar’s second richest man says Africa’s growth will come from informal sector
Hassanein Hiridjee, CEO of Axian Group and Madagascar’s second richest man, says Africa’s economic future depends on empowering millions of small informal businesses with access to clean energy and fairer financing.
Tetracore Energy Group expands board, welcomes Oscar Onyema, Aisha Balewa, and Ayodele Oni to strengthen vision for Africa’s energy future
Tetracore Energy Group has appointed Oscar N. Onyema OON, Aisha Balewa Abubakar, and Dr. Ayodele Oni to its Board of Directors.
FirstRand, led by Mary Vilakazi, flags $14.7 billion U.K. car loan payout risk
FirstRand, led by South African banker Mary Vilakazi, flags UK plan that may cost lenders £11 billion, surpassing earlier estimates.
Shoprite shares fall, costing South African billionaire Christo Wiese $40 million
Christo Wiese loses $43.7 million after Shoprite shares dip, highlighting strain in South Africa’s retail sector.
Morocco’s richest man Othman Benjelloun sells Quebec estate for $10.4 million
Morocco’s richest man Othman Benjelloun sold his 500-hectare Quebec estate for $10.4 million, marking a profitable exit after 15 years.
Patrice Motsepe’s fortune tops $3.5 billion as gold prices hit all-time high
South African billionaire Patrice Motsepe’s net worth rebounds above $3.5 billion as gold prices surge past $4,000 per ounce.
Peter Ndegwa-led Safaricom invests $777 million in Kenyan suppliers
Safaricom, led by Peter Ndegwa, invested $777.6 million in Kenyan suppliers in 2025, strengthening local enterprises, jobs, and sustainable economic growth.
Glencore, led by Gary Nagle, gets $395 million Australian backing for copper smelter
Glencore secures $395 million Australian support to keep Mount Isa copper smelter operational and boost critical mineral supply.
How Kenyan billionaire Abu Joho built a port empire—and why the courts are pushing back
Abu Joho’s port empire, built on political ties and logistics power, is under siege as courts, rivals and reforms reshape Kenya’s vital Mombasa trade hub.