UK firm seeks 40 percent of $40.7 million settlement from ‘Please Call Me’ inventor Nkosana Makate
Nkosana Makate faces a new court battle as UK company seeks $16.2 million of his $40.7 million Vodacom settlement.
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Egyptian billionaire Sadek El-Sewedy’s Elsewedy Electric stake nears $1 billion
The rise follows a steady climb in the company’s share price on the Egyptian Exchange (EGX), extending a stretch of gains that began earlier in the year.
Nigerian energy mogul Adebowale Olujimi’s Emadeb E&P hits first oil
Emadeb E&P, led by Adebowale Olujimi, starts production at Ibom Field, a $100 million investment in Nigeria’s oil sector.
Aliko Dangote's Dangote Group vows refinery expansion despite tariff delay
Aliko Dangote’s Group presses ahead with refinery expansion to 1.4 million barrels per day despite tariff delay.
Ethiopia’s richest man Mohammed Al-Amoudi sees wealth rebound past $8.1 billion
Mohammed Al-Amoudi’s net worth rebounds to more than $8.1 billion after a $2.42 billion gain tied to his stake in Preem.
Tanzanian billionaire Rostam Aziz cleared to build $124 million Mombasa LPG terminal
Kenya clears Rostam Aziz’s $124 million LPG terminal, paving the way for construction and new competition in Mombasa’s energy market.
Nigerian banker Jim Ovia’s Zenith Bank eyes Kenyan bank after $230 million raise
Nigerian banker Jim Ovia’s Zenith Bank plans to acquire Kenya’s Paramount Bank after raising $230 million for regional expansion.
South African executive Fraser-Moleketi drives Tiger Brands’ $76 million Chococam exit
Tiger Brands, chaired by Geraldine Fraser-Moleketi, sells its 74.69% stake in Cameroon’s Chococam for $76 million, part of its global portfolio restructuring.
iFood, backed by Koos Bekker-led Prosus, buys Advolve to boost ads growth
iFood acquires Advolve to accelerate its ads growth and strengthen Prosus’s retail-media expansion.
Kenyan businessman Paul Ndung’u challenges SportPesa trademark transfer in new court fight
Paul Ndung’u returns to court, challenging the transfer of the SportPesa trademark and accusing former partners of arranging a fraudulent deal.
Zimbabwean billionaire Strive Masiyiwa’s Cassava raises $150 million for AI expansion
Cassava raises $150 million and gains NVIDIA support to expand AI infrastructure across Africa.
Aliko Dangote, Zimbabwe sign $1 billion deal for 2,000km energy pipeline
The deal covers a new fertilizer plant and a 2,000-kilometer pipeline running from Namibia’s Walvis Bay port, through Botswana, to Bulawayo, Zimbabwe’s second-largest city.
IFC proposes $15 million loan to Ayodele Aderinwale’s Justrite to accelerate expansion
IFC is considering a $15 million loan to Justrite to fund 25 new stores, boosting the Nigerian retailer’s nationwide expansion and supply-chain capacity.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake tops $50 million again
Yasseen Mansour’s Palm Hills stake rises above $50 million as renewed demand on the EGX lifts the real estate developer’s share value.
Jim Ovia, Nigeria’s richest banker, gains $37 million from Zenith Bank stake
Jim Ovia adds $37.2 million to his Zenith Bank stake as the lender’s shares surge on the NGX.
South African banker Mary Vilakazi-led FirstRand secures $310 million AfDB funding
FirstRand gains $310 million from AfDB to expand credit access for MSMEs, women entrepreneurs and farmers in South Africa.